As of 10/23/2020   Indus: 28,336 -28.09 -0.1%     Trans: 11,880 +131.58 +1.1%     Utils: 894 +2.40 +0.3%     Nasdaq: 11,548 +42.27 +0.4%     S&P 500: 3,465 +11.90 +0.3%	YTD -0.7%    +9.0%    +1.7%    +28.7%    +7.3%	Targets    Overview: 09/29/2020     29,300 or 27,400 by 11/01/2020   12,000 or 11,000 by 11/01/2020   915 or 840 by 11/01/2020   12,800 or 11,300 by 11/01/2020   3,700 or 3,400 by 11/01/2020
CPI (updated daily): on 9/25/20

As of 10/23/2020   Indus: 28,336 -28.09 -0.1%     Trans: 11,880 +131.58 +1.1%     Utils: 894 +2.40 +0.3%     Nasdaq: 11,548 +42.27 +0.4%     S&P 500: 3,465 +11.90 +0.3%	YTD -0.7%    +9.0%    +1.7%    +28.7%    +7.3%
Targets    Overview: 09/29/2020     29,300 or 27,400 by 11/01/2020   12,000 or 11,000 by 11/01/2020   915 or 840 by 11/01/2020   12,800 or 11,300 by 11/01/2020   3,700 or 3,400 by 11/01/2020
CPI (updated daily): on 9/25/20

Bulkowski's Market Review

Last updated: 3/20/2020.

This is the main gateway for significant events in the stock market. The conclusions I draw from this analysis are these:

• If a major shock occurs that takes price down dramatically, buy soon after, perhaps within a week. This occurred on 9-11 and Black Monday (the crash of 1987). Early entry means you get in near the bottom of a fast recovery. The downside is, the recovery will be like an ugly double bottom or a dead-cat bounce -- a bounce upward with the second low above the first. That is fine so long as you get in near the low and not near the top of the bounce.
• For bear markets, like the crash of 1929, the 2000-2002 bear market, and the Covid Crash of 2020, then you have to call the bottom correctly before adding new positions. Taking your time before jumping in may mean missing a few points of the rise, but it helps avoid markets that climb some before continuing down.

This page is dedicated to Ronda Palm who gave me the idea... Thanks Ronda.

-- Thomas Bulkowski

 

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