Financial Review

…October was a bad month for stocks, and oil. Earnings season rolls on. ADP 227k private jobs. Financial Review by Sinclair Noe for 10-31-2018 DOW + 241 = 25,115 SPX + 29 = 2711 NAS + 144 = 7305 RUT + 4 = 1511 10 Y + .05 = 3.16% OIL – 1.25 = 64.93 GOLD – 8.50 = 1215.10   At least October is over. And Wall Street managed to string together 2 winning sessions to finish the month – these were the only back to back positive sessions for the month. For October, the Dow lost about 5%, the S&P dropped about 7%, and the Nasdaq Composite gave back 9%. It was the worst month for the S&P 500 since 2011.   The Dow Jones has some minor support at $24,500. It has minor support at $24,000. But it’s next major support is $23,500. Below that and things are getting ugly. The Dow’s resistance is now at $25,500, which is a long way up from where it’s trading now. The S&P 500’s support is at $2,600, then $2,550. Below that is an even scarier place for us all. The S&P’s resistance is now at $2,800. The Nasdaq Composite’s support i