As of 01/26/2021   Indus: 30,937 -22.96 -0.1%     Trans: 12,643 -206.55 -1.6%     Utils: 864 -7.76 -0.9%     Nasdaq: 13,626 -9.93 -0.1%     S&P 500: 3,850 -5.74 -0.1%	YTD  +1.1%    +1.1%   0.0%    +5.7%    +2.5%	Targets    Overview: 01/13/2021     32,000 or 29,600 by 02/01/2021   13,500 or 12,300 by 02/01/2021   890 or 800 by 02/01/2021   13,750 or 12,700 by 02/01/2021   3,900 or 3,625 by 02/01/2021
CPI (updated daily): on 1/25/21

As of 01/26/2021   Indus: 30,937 -22.96 -0.1%     Trans: 12,643 -206.55 -1.6%     Utils: 864 -7.76 -0.9%     Nasdaq: 13,626 -9.93 -0.1%     S&P 500: 3,850 -5.74 -0.1%	YTD  +1.1%    +1.1%   0.0%    +5.7%    +2.5%
Targets    Overview: 01/13/2021     32,000 or 29,600 by 02/01/2021   13,500 or 12,300 by 02/01/2021   890 or 800 by 02/01/2021   13,750 or 12,700 by 02/01/2021   3,900 or 3,625 by 02/01/2021
CPI (updated daily): on 1/25/21

Bulkowski's Market Review

Last updated: 1/4/2021.

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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