As of 07/09/2020   Indus: 25,706 -361.19 -1.4%     Trans: 9,140 -182.00 -2.0%     Utils: 774 -8.92 -1.1%     Nasdaq: 10,548 +55.25 +0.5%     S&P 500: 3,152 -17.89 -0.6%	YTD -9.9%   -16.2%   -11.9%    +17.6%   -2.4%	Targets    Overview: 06/30/2020     24,000 or 27,800 by 07/15/2020   8,400 or 10,000 by 07/15/2020   825 or 700 by 07/15/2020   10,800 or 10,000 by 08/01/2020   2,900 or 3,300 by 07/15/2020
CPI (updated daily): on 7/8/20

As of 07/09/2020   Indus: 25,706 -361.19 -1.4%     Trans: 9,140 -182.00 -2.0%     Utils: 774 -8.92 -1.1%     Nasdaq: 10,548 +55.25 +0.5%     S&P 500: 3,152 -17.89 -0.6%	YTD -9.9%   -16.2%   -11.9%    +17.6%   -2.4%
Targets    Overview: 06/30/2020     24,000 or 27,800 by 07/15/2020   8,400 or 10,000 by 07/15/2020   825 or 700 by 07/15/2020   10,800 or 10,000 by 08/01/2020   2,900 or 3,300 by 07/15/2020
CPI (updated daily): on 7/8/20

Bulkowski's Market Review

Last updated: 1/2/2019.

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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