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29 Page 4 of 4 Page 6 of 6 «Prev Data provided by: Interactive Data Corp. Unless otherwise indicated, all data is delayed by 20 minutes StockCharts.com. All Rights Reserved. Views expressed in this newsletter are the current opinion of the author, but not necessarily those of Raymond James & Associates. The author's opinions are subject to change without notice. Information contained in this report was received from sources believed to be reliable, but accuracy is not guaranteed. Past performance is not indicative of future results. Investing always involves risk and you may incur a profit or loss. No investment strategy can guarantee success. The information given in this report is general in nature, is not a complete statement of all information necessary for making an investment decision, and is not a recommendation or a solicitation to buy or sell any security. Investments and strategies mentioned may not be suitable for all investors. Technical Analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity. Buy zones are based on technical analysis of historical performance and are given for informational purposes only. Past performance does not guarantee future results. Please consult with your financial advisor before investing. Raymond James & Associates, Inc., member New York Stock Exchange, makes a market in Netflix Inc. (NFLX), Facebook (FB), Apple Inc. (AAPL), Cisco Systems Incorporated (CSCO), and Microsoft (MSFT). The Dow Jones Industrial Average is an unmanaged index of 30 widely held securities. It is not possible to invest directly in an index. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices rise. Gross Domestic Product (GDP) is the annual market value of all goods and services produced domestically by the US. Price Earnings Ratio (P/E) is the price of the stock divided by its earnings per share. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed web sites or their respective sponsors. Raymond James is not responsible for the content of any web site or the collection or use of information regarding any web site's users and/or members. Raymond James & Associates, Inc., Member New York Stock Exchange/SIPC

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