November 1, 2014

The RITE REPORT

The following RITE Report generates indices from the monthly compilation ofcorporate, business, economic, & political news snippets from the Wall StreetJournal.

RITE ReportChris Angle, Editor268 Simpaug Turnpike, 708Redding, CT 06896Tel. 203/253-2008Fax. 203/286-2356Email: chrisangle1@gmail.comhttp://www.stock-market-direction.net/

CONTENTS

PART 1 - STOCKS1) Business News Compilation Index2) Political & Macro Economic Events Indices3) Indicators for Technical Analysis4) Overall Investment Strategy Index5) Summary

PART 2 - HEDGING1) Hedging and Inflation Snippets2) Hedging Summary

Special Section from the WSJ: Ebola

10/18- Gauging Economic Fear Factor: Alarm from the Dallas Ebola cases added to last week’s stock-market jitters. Calls are growing among U.S. lawmakers for widespread travel bans. … Others warn of potential trade disruptions. For economists, the challenge is to measure and forecast the impact fear has on consumer confidence and behavior.10/21- U.S. to Send Passengers From Ebola-Stricken Countries Into 5 Airports

- Ebola Study Projects Spread of Virus: Up to three Ebola-infected people could embark on overseas flights every month from the three most-affected African countries, according to a new study that projected travel patterns based on infection rates and recent flight schedules.10/23- U.S. to Monitor West Africa Travelers for Ebola Symptoms10/27- CDC Rejects Mandatory Quarantines for Ebola10/28- Christie: CDC Ebola Policy ‘Incredibly Confusing’10/31- Hospitals Weigh Ebola Treatment vs. Safety: U.S. hospitals are grappling with whether to withhold aggressive treatments from Ebola patients to avoid further exposing doctors and nurses to the virus.

Ebola Snippets: 7

PART 1 - STOCKS

1) Business News Compilation - From The Wall Street Journal

Part A - Negative WSJ Corporate News Snippets

10/02- Cree Slashes Revenue View- Turner Broadcasting to Cut About 10% of Jobs10/06- HTC Posts Second Straight Quarterly Profit: Sales Continue to Slide as Smartphone Maker Loses Market Share to Apple and Low-Cost Chinese Competitors- Time Warner’s Turner Broadcasting to Cut About 10% of Jobs- Levi Strauss Profit Falls- Samsung’s Profit Plunges10/08- Wal-Mart Cuts Insurance for 30,000- Air France Issues Profit Warning- SodaStream Warns of Weak Demand10/09- Espírito Santo Financial Files for Bankruptcy- Uniqlo Owner’s Profit Slides

- Tianhe Chemicals Shares Plunge- NAB Forecasts Drop in Earnings- PC Shipments Decline- J.C. Penney Cuts Sales Forecast10/10- Ford China Car Sales Decelerate10/14- Burberry, Mulberry Sales Slow: Fashion Houses Warn of Hurt by Softer Demand in Asia- J.P. Morgan, Citi Hit by Legal Costs10/15- Netflix Shares Plunge 26% as User Growth Disappoints- Wal-Mart Warns of Rough Patch for Sales, Profits- Las Vegas Sands’ Revenue Slips Amid Macau Slowdown- KeyCorp Profit Tumbles 23%- Ball-Bearing Maker SKF to Cut Production: Key Component Demand Seen as Health Indicator for European Manufacturing10/16- Cliffs Plans $6 Billion Asset Write-Down- M&T Bank’s Profit Falls 6%- Rolls-Royce Warns on Profit- Entergy Issues Downbeat Guidance- Urban Outfitters’ Negative Retail Sales Trend Continues10/20- NCR Cuts Guidance on Retail Weakness, Customer Data Fears- Philips Swings to Loss- Sears Seeks New Cash Via Two Paths- IBM to Transfer Chip Ops; Revenue Drops- Sap Lowers Earnings Outlook- China Mobile Profit Falls- Metro Hurt by Strong Euro10/21- McDonald’s Profit Plunges- Coke to Cut Billions More in Costs- Harley-Davidson Profit Slips- Lockheed Forecasts Sales and Margins Drop in 2015- Zions Bancorp’s Profit Falls 14%10/22- AT&T Lowers Revenue Outlook- Lloyds to Cut 9,000 Jobs Over 3 Years

- Clouds Darken for Blue Chips10/23- Potash Corp. Profit Falls 11%- Cenovus Profit Dips 4%10/27- Twitter Posts Slower User Growth, Issues Weak Outlook- Generics Again Hurt Merck Sales- Kohl’s Warns on Earnings- Cliffs Natural Resources Swings to Loss- TNT Express Slumps to Loss- Ford’s Profit Falls 34%- Recalls to Affect Auto Makers’ Profit Sharing: Declines in North American Operating Earnings to Felt in Union Pay- Hindustan Unilever Shares Slide Amid Sluggish Sales- Saudi Sabic Net Profit Down 4.5%10/28- Coach Turnaround Still Not in Sight as Sales Plunge- Panera Bread Profit Falls on Higher Costs- AMC Entertainment Profit Drops on Lower Attendance- Western Digital Profit Declines on Higher Costs- Twitter Reports Weak User Growth, Outlook- Martha Stewart Living Revenue Falls 12%- BG Group’s Underlying Profit Falls- Standard Chartered Shares Plunge on Poor Earnings- Boston Properties Profit Falls10/29- McGraw Hill Posts $60 Million Charge Related to SEC Matter- Rosneft 3Q Profit Slides- BYD Profit Falls 26% on Increased Competition- Hershey’s International Sales Disappoint10/30- Newmont Mining Profit Falls- Weight Watchers Sees Profit Slimmed 37%- Allstate Operating Profit Falls 16% Amid Higher Catastrophe Losses- Barrick’s Earnings Decline on Lower Gold and Copper Prices- Murphy Oil Profit Falls on Lower Oil Prices10/31- Macau Gambling-Revenue Drop Divides Investors- LPL’s Profit Drops Amid Regulatory Punches

Negative Corporate Snippets Total = 73

Part B - Positive WSJ Corporate News Snippets

10/01- Acuity Brands Profit Rises 22% on Sales Growth: Continued Adoption of -Light-Emitting-Diode Products Cited10/02- McCormick Tops Views, Ups Outlook- Darden Touts Sales Growth- Constellation Brands Is Worth a Toast10/05- U.K. Financial Firms in Strongest Growth Since 200710/06- EasyJet Raises Full-Year Earnings Guidance: Pilots’ Strike at Air France Allowed It to Win More Passengers- Mylan Boosts Full-Year Outlook on Product Launches- CalAmp Revenue, Net Income Edge Up- Nuts-and-Bolts Companies Power Japan’s Profit Revival: Companies in more pedestrian industries are boosting Japan’s economy again10/08- UPS Launching Service To Cut Down on Delivery Stops10/09- Allergan Raises Earnings Outlook- Pepsi Reports Higher Earnings- Biomet Profit Sinks in August Quarter:: Biomet Inc. said earnings fell about 77% in its August quarter on higher expenses, despite posting sales increases across nearly all divisions.- Alcoa Lifted by Higher Prices: Alcoa posted its strongest earnings in a year and a half on the back of higher aluminum prices, lower materials costs and improved productivity.- Ruby Tuesday Swings to Profit- Monsanto Forecasts Disappointing Full-Year Earnings: Outlook Follows Seed Company Reporting Narrower Loss, Higher Revenue for Fourth Quarter- Nakheel Posts Jump in 9-Month Profit- Costco Profit Rises 13%10/10- Volkswagen’s September Sales Up- BMW Notches Up Robust Sales

- Infosys Profit Rises 29%- PepsiCo Raises Its Profit Outlook for the Year Again- Family Dollar Profit Hurt by Restructuring, Deal Expenses: Family Dollar Stores Inc. said its earnings fell 66% in its August quarter as expenses related to the discount retailer’s pending acquisition by Dollar Tree Stores Inc. and restructuring-related items offset sales growth.10/15- American Express Profit Rises- United Rentals Profit Up 34%: United Rentals Inc.’s quarterly profit rose 34% driven by a double-digit growth in rental revenue tied to the recovery of the construction sector in North America, company officials said.- EBay’s PayPal Segment Keeps Growing- PNC Financial Profit Up Slightly- Bank of America Posts Small Profit: Charlotte Lender Settled Case Over Soured Mortgage Securities- Charles Schwab Profit Rises 11% on Increasing Client Assets- HTC Posts Second Straight Quarterly Profit- EasyJet Raises Earnings Guidance- Mylan Boosts Full-Year Outlook10/16- Ally Earns Profit for Taxpayers in Unlikely Turnaround- Solid Profits Expected for U.S. Airlines- Morgan Stanley’s Profit Climbs- Bank of New York Mellon Tops Expectations- SunTrust Profit Surges- Honeywell Reports Higher Earnings- Textron’s Profit Jumps 61%- GE Results Lifted by Rise in Orders- Kansas City Southern Profit Rises- European Car Sales Rally Again10/20- Halliburton Raises Dividend, Revenue Increases 16%- Valeant Earnings Top Expectations- Boys’ Toys Bump Up Hasbro Profit- Electrolux Wrings Out Improved Profit10/21- Yelp Posts Second Profitable Quarter- Verizon Boosted by Tablet Growth- Illinois Tool Works Raises 2014 View; Reports Profit Up 17%- Canadian Pacific Earnings Climb

- Chili’s Owner Brinker Posts Higher Earnings- Travelers Profit Edges Up- Omnicom Profit Rises- United Technologies Sales Rise 4.6%- Lexmark Posts Higher Earnings- British Chip Designer’s Profit Swings Higher- Actelion Boosted by New Drug- Akzo Nobel Lifted by Cost Cutting- IPhone 6 Recharges Apple’s Growth10/22- Boeing Posts Strong Results- Dow Chemical Results Top Expectations- Yahoo Posts Higher Sales, Earnings- Yahoo: Tumblr to Make Over $100 Million in Revenue Next Year10/23- U.S. Sales Fuel GM- Daimler Profit Soars- Caterpillar Raises Profit Outlook- Airlines Post Strong Profits- Stronger U.S. Economy Boosts 3M Profit- Thales Sales Rise 2%- Logitech Says Tablet Slowdown Won’t Disrupt Growth: Logitech said its turnaround won’t be derailed by a slowdown in the tablet computer market, as its second-quarter net profit more than doubled.- Kering Revenue Rises 3.3%- Mexico’s Cemex Third-Quarter Loss Narrows- Raytheon Looks to Growth as Bookings Rise- KKR Profit Slides, But Economic Net Income Beats Expectations Private-Equity Firm Has Distributed More to Shareholders Than in All of 2013- Janus Profit Rises 25%- Credit Suisse Beats Expectations- Lazard Revenue Climbs 18%- Husky Energy Profit Climbs on Production Boost- Prologis Swings to Third-Quarter Profit- GrubHub Revenue Up 51%- Under Armour’s Sales Jump- Nucor Profit Rises 66% on Improved Demand- Royal Caribbean Profit Rises 34%10/27- Higher Drug Sales Buoy Amgen Results

- Universal Health Services Revenue Up 11%- Citizens Financial Profit Rises 31%- General Growth Profit Rises- Hartford Financial Core Profit Rises 15%- Shire Raises Guidance After Record Sales Growth- Deutsche Börse Profit More Than Doubles- Huntsman’s Third-Quarter Earnings Improve on Product Demand- Seagate Technology Revenue Up 9%- UPS Growth Fueled by Increase in Shipments in U.S. and Abroad- China Vanke’s Profit Squeezed By Property Market Slowdown: Property Developer’s Quarterly Net Profit Rises 2.8%- Western Digital’s Competitive Drives: With a Low P/E and a Wild Card in China, It Could Have 40% Upside, Some say10/28- Express Scripts Profit Rise- Electronic Arts Swings to Profit- Edison International Boosts Outlook- U.S. Steel Posts Narrower Loss- Wynn Resorts Profit Rises- Ameriprise Profit Rises 10%- Fresh Del Monte Earnings Rise- Canon Lifts Profit Outlook- Cummins Raises Revenue Outlook- Sherwin-Williams Sales and Profit Increase- Corning Sales Rise 23%- Marsh & McLennan Profit Grows 17%- Sirius XM Posts Sharply Higher Profit- Whirlpool Profit Rises 17%10/29- TE Connectivity’s Profit Surges- Luxottica’s 3rd-Quarter Profit Rises 10%- Leveling Up at Electronic Arts- Goodyear Shares Jump; Results Beat Expectations- Ally Financial’s Profit Surges- McKesson Profit Up- Eaton’s Sales Edge Higher- WellPoint’s Profit Prompts Higher View- Hess Results Improve10/30

- Eastman Chemical Earnings Drop Amid Charges, Outlook Upbeat: One-Time -Items Masked Revenue Growth at Most of Its Main Businesses- Baidu Posts Higher Revenue- Mylan Profit Soars As Revenue Tops Estimates- Western Union Posts Higher Profit- Expedia’s Profit Soars- Live Nation Net Rises, Outlook ‘Robust’- New York Times Loss Narrows- Johnson Controls Sees Improvement in Building Business- Volkswagen Profit Rises 58%- Shell Profit Up Despite Oil Prices- United Overseas Bank Profit Rises- Chinese Shipping Firms Swing to Profit: Two of China’s top shipping operators swung to a third-quarter net profit largely thanks to government subsidy and stringent cost control.- Williams Cos. Profit Soars, Boosted by Access Midstream Stake

Total of Positive Corporate News Snippets = 130

Index of Snippets

Month % Positive % Negativeof Snippets(Started 2009)

2012Jan 41% 59%February 46% 54%March 56% 45%April 77% 44%May 52% 48%June 54% 46%July 42% 58%August 53% 47%September 52% 48%October 38% 62%November 60% 40%December 49% 51%2013January 60% 40%

February 46% 54%March 63% 37%April 61% 39%May 59% 41%June 61% 39%July 62% 38%August 60% 40%September 48% 52%October 64% 36%November 62% 38%December 53% 47%2014January 64% 36%February 65% 35%March 63% 37%April 57% 43%May 58% 43%June 54% 46%July 67% 33%August 62% 38%Sept 59% 41%Oct 64% 36%

2 & 3) Political Risk & Macro Economic Events/News

A) Negative WSJ Economic and General Business Data Snippets

10/01- ISM Manufacturing Index Slips From Previous Month: Factory Sector's Expansion Slows From August's Breakneck Pace10/02- IMF to Lower Global Growth Forecast Next Week: Lagarde: Global Economy Could Get Stuck In Mediocre Growth Pace for Years10/06- Rising Jobless Rates Are a Southern Mystery: A sharp uptick in jobless numbers across several Southern states has baffled economists, and in one state, Georgia, the numbers have rattled the governor’s race.10/08- OECD Sees Eurozone Slowdown- China Services Sector Slows

- German Factory Orders Drop- Eurozone Faces a 1-in-3 Chance of Re-entering Recession Soon, IMF Says- Weak Outlook for Oil Demand - Energy Journal10/09- Run of Weak German Data Continues- German Export Drop Fuels Fears: German exports in August suffered their biggest monthly fall since January 2009, adding to a recent spate of dismal economic indicators from Europe’s largest economy.10/10- German Growth Outlook Dims10/11- Fed’s Tarullo Concerned About U.S. Productivity10/14- Germany Seen Close to Recession After ZEW Investor Sentiment Survey Plunges10/15- U.S. Retail Sales Falter Amid Signs of Global Slowdown: Decline Stirs Concern About Consumer Strength, Despite Likely Lift From iPhones - Retail sales fell 0.3% in September, the Commerce Department said Wednesday.- Risk of Deflation Feeds Global Fears10/16- Growth Fears Grip a Divided Europe10/20- China Growth Seen Slowing Sharply: China’s growth will slow to 3.9% as its productivity nose dives and the country’s leaders fail to push through tough measures to remake the economy, according to a report by the business-research group the Conference Board- American Businesses Are Worried About Europe, Again: Faltering growth, double-digit unemployment and a looming threat of deflation in Europe are causing American businesses to worry -- again -- about the eurozone's economic woes.10/21- China Growth Slowest in Five Years10/23- Russian Economy Stalls- Global Growth Woes Threaten to Beset U.S. Economy- Eurozone Businesses Cutting Prices10/28- Weak Durable-Goods Orders Stir Concerns on Growth: Orders for big-ticket manufactured goods fell for the second consecutive month in September, the latest sign of uneven improvement in the economy.

Total of Negative General Business and Economic News Snippets = 24

B) Positive WSJ Economic and General Business News Snippets

10/02- U.S. Jobless Claims Fall by 8,000- ISM Manufacturing Index Slips From Previous Month: Factory Sector's Expansion Slows From August's Breakneck Pace: 56.6 last month from an August reading of 59, which had been the highest since March 2011. A figure over 50 indicates expanding activity for the sector.10/06- Job Growth Rebounds, but Wages Lag10/08- Job Openings Hit 13-Year High in August- Global Economy, Labor Markets Improve, Say New Indexes: A measure of global economic conditions increased slightly in September, while global employment developments hit a new high, according to data released Tuesday. - The Absolute Strategy Research/Wall Street Journal global news flow composite index inched up to 58.2 last month, from 57.9 in August.10/09- U.S. Holiday Retail Sales Expected to Rise 4%- Manufacturing Wages Rise Fast in Some States- Jobless Claims Fall to 287,00010/10- WSJ Survey Points to Stronger Growth10/11- Conditions Ripe for Stronger Growth, WSJ Survey Says10/15- iPhone Couldn’t Save September’s Disappointing Retail Numbers10/16- Consumer Sentiment: Cheaper Gasoline Seems to Trump Ebola Fears- Alternative Poverty Rate Declines to 15.5% from 16%10/17- U.S. Housing Starts Up 6.3% in September: Building Permits, Bellwether of Future Construction, Increase 1.5%- Manufacturers, Employers Remain Steady Amid Tumult10/21- U.S. Existing-Home Sales Hit Highest Level of Year: Realtors Group Reports 2.4% Gain in September as Housing-Market Recovery Picks Up

- U.S. Bancorp Results Meet Expectations: U.S. Bancorp reported a slight increase in third-quarter profit as its revenue grew.- U.S. Jobless Claims Remain Near 14-Year Lows10/27- Pending Home Sales Posted Small September Gain- Buybacks Can Juice Per-Share Profit10/28- U.S. Earnings Reassure Investors but Growth Lags- October Consumer Confidence Unexpectedly Jumps- Home-Price Growth Continues to Moderate: The home-price index covering the entire nation increased 5.1%10/31- Wages Show Signs of Pickup, Just as Consumers Hiccup: Breakout in Workers’ Earnings Should Give a Lift to Spending- U.S. Gas Prices to Fall Below $3 a Gallon This Weekend

Total of Positive WSJ General Business and Economic News Snippets: 27

C) Merger/Acquisitions/Public Offerings Snippets From the Wall Street Journal

10/02- Berkshire Enters New-Car Sales Business: Berkshire Hathaway is making its first move into the auto retailing business, agreeing to buy Phoenix-based Van Tuyl Group, the fifth-largest auto dealership chain in the U.S.- Samsung to Build Vietnam TV, Appliance Factory10/06- Hilton to Sell Waldorf Astoria10/09- Endo International to Buy Auxilium10/10- EU Clears Liberty Global-Ziggo Deal10/11- Blackstone to Spin Off Unit10/20- Australia Sets Medibank IPO10/22- EMC to Fold In VCE Venture, Reducing Cisco’s Stake: EMC Corp. confirmed it will buy a portion of Cisco Systems Inc.’s stake in a joint venture called VCE, effectively making that company part of EMC

10/27- Chiquita Agrees to Sale- CGN Power Plans $3 Billion Hong Kong IPO in November10/28- Western Gas Partners Acquires Nuevo Midstream for $1.5 Billion- McKesson Profit Up- Anadarko Pete Profit Surges on Asset Sales10/29- Fiat Chrysler Plans Ferrari IPO10/30- U.S. Economy Grows at Steady Clip: Military Spending and Drop in Imports Drive 3.5% Gain in GDP as Global Headwinds Gather

M & A Total: 15

Table of Positive v. Negative General Economic & Business News WithInvestment Banking (Available Since 2009)

Month % Neg % Pos M & A, & Public Offering Snippet Count2012January 53% 47% 11February 46% 54% 11March 47% 53% 26April 51% 49% 30May 57% 43% 20June 77% 23% 22July 71% 29% 37August 63% 37% 16September 72% 28% 19October 57% 43% 27November 54% 46% 21December 68% 32% 382013January 52% 48% 15February 52% 48% 23March 42% 58% 19April 57% 43% 22May 53% 47% 29June 39% 61% 27

July 46% 54% 31August 34% 66% 29September 26% 74% 33October 49% 51% 21November 39% 61% 19December 27% 73% 382014January 36% 64% 21February 65% 35% 20March 50% 50% 29April 57% 43% 25May 43% 47% 43June 50% 50% 40July 36% 64% 26August 39% 61% 22Sept 51% 49% 21Oct 47% 53% 15

3) Technical Analysis Summary

Indicator TREND/COMMENT

REAL GDP Downtick: 4.6% to 3.5%

UNEMPLOYMENT PositiveUnemployment Rate (BLS): downtick 5.9%: (Positive)Civilian Labor Force Participation Rate (BLS): 62.8% to 62.7% (Neg.)Employment-Population Ratio (BLS): 59% to 59% (Neu.)

INDUSTRIAL PRODUCTION INDEX (INDPRO) 104.1152 to 105.0728 Uptick: Positive

PURCHASINGMANAGERS INDEX Expanding: Positive (58.6%)

RETAIL SALES (Dept of Commerce) - 0.3% Downtick: Negative

CONSUMER SPENDING (Dept of Commerce - BEA) 0.2% Decreased: Negative

PERSONAL INCOME (Dept of Commerce - BEA) Increased 0.2%: Positive

CONSUMER CONFIDENCE(Conference BoardTM) Uptick: Positive

HOUSING STARTS: Uptick: Positive

EXISTING HOME SALES Uptick: Positive

CONFERENCE BOARDLEADING ECONOMIC INDICATORS TM Increased: Positive

CONFERENCE BOARDCOINCIDENT ECONOMIC INDEX TM Increased: Positive

HIGH YIELD BONDS (HYG) Big Downtick: Negative (09/30 - 91.95; 10/31 - 92.53)

DJ SELECT DIVIDEND YIELD Positive (09/30 - 529.8510/31 - 560.24)

SUMMARY11 Positive3 Negative0 Neutral

4) RITE Investment Strategy Index

Scale:0 = Neutral;+10 = High Opportunity Environment;-10 = Extreme Negative Risk Miasma

EFFORT, RISK, FREEDOM,KNOWLEDGE/INFO Aug 31 COMMENTS

1) Domestic Political Risk + 3 Good: Total Gridlock.

2) Tax Risk + 3 Further taxes very unlikely

3) Individual Incentive (Freedom) - 2 Regulations are increasing but major shifts in policy will not pass the House.

4) Production of Knowledge + 4 Economy clearly improving, R & D OK

5) Technical Analysis + 5 Uptrend in placeof the U.S. Stock Markets

6) Corporate Snippets + 6 Great at 64% Positive

7) General Business& Economic Snippets + 2 Positive Snippets down from 49% to 53%

8) Economic Indicators + 5 Drop from: 8/6/0 to 11 Pos; 3 Neg; 0 Neutral

9) Merger/Acquisition Activity + 3 Level OK at 15 down from 21

Sum of Total + 29Average of Total + 13.22RITE Strategy Index: 66.1%

History of Strategy Index (Started 2009)

Month/Yr Index % DJIA Gold Oil USD Index

2012Jan 31 54.4% 12,632.91 1,742.1 98.67 79.465Feb 29 57.2% 12,952.07 1,709.9 107.07 78.794March 31 56.7% 13,212.04 1,671.9 103.02 79.186April 30 59.4% 13,213.63 1,665.3 104.95 78.77May 31 52.2% 12,393.45 1,556.0 86.18 83.28June 30 50.6% 12,880.09 1,598.6 84.96 81.59July 31 48.3% 13,007.47 1,614.6 88.06 82.78August 31 50.6% 13,090.84 1,684.6 96.47 81.216Sept 30 52.8% 13,437.13 1,764.5 91.39 80.096Oct 31 56.7% 13,096.46 1,717.50 86.24 79.99Nov 30 57.2% 13,025.58 1,716.6 88.94 80.23Dec 31 56.7% 13,104.14 1,675.6 91.79 79.6152013Jan 31 56.7% 13,860.58 1,660.60 94.36 79.23

Feb 28 60.6% 14,054.49 1,571.40 90.64 82.47Mar 31 65.0% 14,578.54 1,596.9 97.28 83.175April 30 60.6% 14,839.80 1,474.4 93.05 81.77May 31 57.8% 15,115.57 1,388.0 91.61 83.30June 30 61.7% 14,909.60 1,234.8 96.49 83.376July 31 63.3% 15,499.54 1,325.00 105.42 81.915August 30 63.9% 14,810.31 1,396.20 107.78 82.10Sept 30 65.0% 15,129.67 1,328.20 102.34 82.24Oct 31 66.1% 15,545.75 1,349.00 96.38 80.26Nov 30 65.6% 16,086.41 1,251.4 92.78 80.657Dec 31 71.1% 16,576.66 1,204.8 98.70 80.1892014Jan 31 64.9% 15,698.85 1,245.6 97.46 81.25Feb 28 57.2% 16,321.71 1,328.60 102.76 79.815March 31 62.2% 16,457.66 1,281.5 101.45 80.27April 30 63.3% 16,580.84 1,295.90 99.74 79.532May 30 66.1% 16,717.17 1,251.40 102.93 80.435June 30 66.7% 16,826.60 1,327.80 105.51 79.82July 31 66.1% 16,563.30 1,284.8 97.65 81.47Aug 29 67.8% 17,098.45 1,288.0 95.84 82.74Sept 30 63.8% 17,042.90 1,206.1 91.42 86.155Oct 31 66.1% 17,390.52 1,173.5 80.70 87.055

5) Summary

EQUITY MARKET CONCLUSION:

Stocks: Stay Long and May Add to Your Portfolio

1) Positive corporate news moved higher at 64%; the Percentage ofPositive WSJ Economic and General Business Data Snippets moved from 49% to 54%.

2) The RITE Index went back up to 66.1% indicating a probable strong month for November.

3) The Rite Report recommends to stay long and, if possible, to add to your positions.

PART 2: HEDGING

1) HEDGING/INFLATION SNIPPETS FROM THE WSJ

Deflation

10/10-WSJ Survey: Economists Downgrade Their Inflation Outlook10/15-U.S. Inflation Gauge Turns Lower-Risk of Deflation Feeds Global Fears10/22-U.S. Inflation Remains Tame: Consumer prices rose slightly in September10/23-Low Inflation, Flatter COLA: Social Security Benefits to Get 1.7% Bump10/31-U.S. Inflation Undershoots Fed’s 2% Target for 29th Consecutive Month

Inflationary Snippets

10/09-Fed Wary on Global Growth, Strong Dollar-Gold Climbs to Two-Week High on Fed Minutes

DEFLATION SNIPPETS 6/75%INFLATION SNIPPETS 2/25%

INFLATION TABLE

(RITE Report Issue Date is the first of the month; Statistical Data is the latest closing price which is noted in the WSJ on the close of the last day of the month, but the RITE Report does not represent that these data are accurate.)

Month Consumer Producer Inflation Infl Defl CRB Prices Prices data.com Snpts Snpts Annual Rate Annual Rate

2014 Reports

Jan +0.3% + 0.4% + 1.50% 2/25/5;6/75% 126.121

Feb +0.1% + 0.2% + 1.58% 5/71%;2/29% 133.978Mar + 0.1% - 0.1% + 1.13% 5/83%;1/17% 134.52April + 0.2% + 0.5% + 1.51% 3/100%;0/0% 137.80May + 0.3% + 0.6% + 1.95% 1/20%;5/80% 133.83June + 0.49% - 0.2% + 2.13% 4/57%;3/43% 134.63July +0.3% +0.4% + 2.07% 3/100%;0/0% 293.68 CRBAug +0.1% +0.1% + 1.99% 0/0%;3/100% 292.75 CRBSept - 0.2% + 0.0% + 1.70% 2/50%;2/50% 278.55 CRBOct + 0.1% - 0.1% + 1.66% 6/75%;2/25% 271.96 CRB

2) HEDGING SUMMARY

Gold: Sell and do not re-establish

When the fed will raise interest rates; gold will take off: let’s stay neutral until we can see such a time approaching.

Oil: No trend: stay neutral.

Although trending down due to added supply, RITE Report will stay out of this market for the time being.

The U.S. Dollar: Although seemingly an uptrend has started, let’s still stay neutral.

For your reference we include a directory of:

The RITE Report Major Trade Advice Summary

Date Approx. Mrkt Level Market Advice20092009/05/01 8,212 Stocks Go long.2009/05/01 895 Gold Go long.2009/05/01 USD Go short2009/06/01 51.12 Oil Go long20102010/02/01 USD Stop going short; Take profits. get out. 2011

2011/04/01 12,376 Stocks Market to go sideways; end of bull. 2011/05/01 12,763 Stocks Take profits 55.4% Gain2011/06/01 102.7 Oil Go Neutral 100.9% Gain 2011/06/01 12,441 Stocks Take profits (re-confirmation)2011/07/01 USD Go short2011/08/01 USD Cover the short; no direction2011/08/01 12,240 Stocks Trading Range2012 2012/03/01 107 Oil Go long2012/05/01 104 Oil Take profits; Go neutral 2.8% Loss2012/06/01 12,772 Stocks Take profits; a downtrend started2012/06/01 1,564 Gold Sell: Take profits 74.7% Gain2012/07/01 1,604 Gold Buy: Go long2012/08/01 13,090 Stocks Advised not to be in the Stock Market at all2012/09/01 80.025 USD Go short2012/11/01 13,096 Stocks Confirmation: Not to be in Stock Market20132013/01/02 13,104.30 Stocks Go Long2013/03/01 82.47 USD Index Take loss; go neutral2013/06/01 15,115.57 (05/31 Close) Stocks - Take profits 15.3% Profit2013/08/01 15,499.54 Stocks Go Long2013/12/01 92.78 Oil Go Short20142014/01/02 98.70 Oil Take off short: Go Neutral 6.38% Loss2014/02/28 16,321.71 Stocks Take profit; go to cash 5.0% Increase2014/03/01 16,532.61 Stocks Go long (Unrealized gain potential)2014/10/31 1,173.5 Gold Sell (1,604 down to 1,173.5 loss of 430.5) 36.8% loss

PRESENTLY2014/09/30 17,390.52 Stocks Stay Long (Unrealized gain potential)Gold Sell and do not re-establish: 36.8% lossUSDollar Index Stay Neutral; No CallOil Stay Neutral; No Call

CUSTOM RESEARCH:Please note that custom economic and/or macro investment research and advisoryservices are available on request.

1) Past performance is not indicative of future results.2) Trading stocks, futures, and options involves substantial risk of loss and is not suitable for all investors.

RITE ReportChris Angle, Editor19 Topledge Road (P.O. Box 708)Redding, CT 06896Tel. 203/253-2008Fax. 203/286-2356Email: chrisangle1@gmail.comhttp://www.stock-market-direction.net/

(The RITE Report’s name was derived from the acronym of the four variablesinherent in all economic transactions; Risk, Information/Knowledge, Time, andEffort. Of course, this would be for a service, and if the product were a materialgood, there would be an additional factor of Material - or Land as the economistwould say. See The Philosophical Equations of Economics atwww.philosophypublishing.com for further info on this subject.)FOR YOUR REFERENCE

1) Chris Angle is the author of:

The Nature of Aesthetics - 978-0-9661126-4-1Defining Ethics Good & Evil - 978-0-9661126-5-8Truth and the Nature of Decisions - 978-0-9661126-6-5The Philosophical Equations of Economics - 978-0-9661126-3-4These books may be viewed at: www.philosophypublishing.com

2) Chris Angle is the host of The Philosophical Angle, a TV and Podcast Program,which discusses concepts in current media.http://www.youtube.com/user/philosophypublishing

DISCLAIMERS/CAVEATS:

1) Past performance is not indicative of future results.2) Trading stocks, futures, and options involves substantial risk of loss and is not suitable for all investors. Carefully consider the suitability based upon your experience, objectives, financial resources and other relevant circumstances. Alternative investment products, including hedge funds and managed futures,

involve a high degree of risk. Alternative investment performance can be volatile and are not suitable for all investors. An investor could lose all or a substantial amount of his or her investment.3) This communication does not constitute an offer to sell, or a solicitation of anoffer to buy or sell, any products named herein, commodities interests, futurescontracts, or securities, and is intended for informational purposes only. Any offerfor any investment product will be made solely by the appropriate disclosuredocument or private placement memorandum.4) The RITE Report has been prepared either from publicly available informationor reflects the opinions of the author. Information contained in this report isbelieved to be reliable but may not have been independently verified. The RITEReport does not guaranty, represent or warrant, or accept any responsibility orliability as to, the accuracy, completeness or appropriateness of the informationcontained herein. At no time will the RITE Report make specificrecommendations for any specific person, and at no time may a reader, caller orviewer be justified in inferring that any such advice is intended. Informationcontained herein may not be current due to, among other things, changes in thefinancial markets or economic environment. Opinions reflected in the materialsare subject to change without notice. Forecasts represent estimates. Informationprovided by the RITE Report is expressed in good faith, but it is not guaranteed.Long-term success, trading or investing in the markets, demands recognition of thefact that error and uncertainty are part of any forecasting effort. Investing carriesrisk of losses. Information provided by the RITE Report does not constitute, andshould not be used as a substitute for tax, legal, or investment advice. Please askyour broker or your advisor to explain all risks before making any trading andinvesting decisions.5) Commodity Futures Trading Commission: Futures, Options and foreign currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER

COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.