October Strongest Stock Month For 4 Years
Tim Knight | Nov 01, 2015 01:10AM ET
Preface to all 4 parts this weekend: As most of you have read, October 2015 was the strongest month for stocks in four years (grrrrrrr……..), up nearly 9% after what had been a relatively steady bearish August and September. This rise, while discouraging to me, has simply made prices even more attractive for shorting. I present to you below some charts which I am already short. In most cases, I have tinted the areas that represent the topping patterns, and in some instances, I use two tones to illustrate component parts of the top. I elected to do these as static charts instead of videos this weekend.
Honeywell International Inc (N:HON)
International Paper Company (N:IP)
Magna International Inc (N:MGA)
3M Company (N:MMM)
Merck & Company Inc (N:MRK)
Procter & Gamble Company (N:PG)
Plantronics Inc (N:PLT)
Potash Corporation of Saskatchewan (N:POT)
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PPG Industries Inc (N:PPG)
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