“The Big Picture” – November 2014

In this month’s email update you will find my latest thoughts on the markets.

The month of November was a rebound month with all the major US stock indexes increasing nicely, with the exception of the many of international and commodity indexes.

From last month, I said … “You notice in the video how the market found support right at our blue support line on the daily chart” and we rallied from the blued line.”

But, as I write this blog post the stock market is dropping as expected after a rally from the October lows, but still very far from the blue line.

The question remains, is this just a bump or a downturn? I believe it is only a bump until proven otherwise!

Please don’t try to predict the stock market, nor panic until the long term charts prove adjustments are necessary.

As always, if you have any question or comments, send them my way.

And remember, sharing is caring… If you liked this update, please share using the social buttons below this post and don’t forget to subscribe to our free updates.

Take Care,

Jerry Broussard

 

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