…..Stock break support. Fed starts FOMC meeting. BOJ holds steady below zero. ISM manufacturing up. Obamacare open enrollment starts. Construction spending drops. Corelogic home price index up. Cars sales down in October. Gas pipeline blowout in Alabama. Oil drops. Shell makes more than Exxon. Freddie Mac pays off. Valeant under investigation but they can still sell their assets. Financial Review by Sinclair Noe for 11-01-2016 DOW – 105 = 18,037 SPX – 14 = 2111 NAS – 35 = 5153 10 Y – .02 = 1.84% OIL – .53 = 46.33 GOLD + 10.80 = 1288.80 Stocks started the session in positive territory but slippage was immediate; slow at first then picking up momentum. The Dow Industrial Average dropped below 18,000 for the fourth time since September 12, at one point posting a 200 point loss.   The S&P 500 took out the lows of September at the 2120 level. We had talked about 2020 being a level of support, which has now been broken. The next levels of support are 2080 (representing the 200 day moving average) and 2040 (representing lows from April and May). The point here is that today’s trading did some serious technical damage; the other point is to remind you to keep an eye on the charts; they are very effective at cutting through the chatter and the clutter.   The Fed began its 2-day FOMC meeting.  Treasury yields climbed early toward the highest since May on speculation the Federal Reserve will raise interest rates ...