“The Big Picture” – October 2014

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

The month of October was a rough month for the markets with all the major stock indexes dropping anywhere from 7% to 15% and virtually turning around overnight and recovering all the losses with most making new highs.

You notice in the video how the market found support right at our blue support line on the daily chart. It doesn’t always work out that great but, support lines are ;put on the charts sometimes weeks or months before they are even touched. And this was a good sign to see the S&P 500 bounce right where expected.

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

Take Care,

Jerry Broussard

 

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