As of October 23, the Dow Jones Industrial Average has a solid quarter-to-date gain of 8.4%, which lowers the year-to-date decline to just 1% and pulls the average to just 3.8% below its all-time intraday high of 18,351.36 set on May 19. There are six Dow stocks that set new all-time or multiyear highs last week: General Electric, Home Depot, McDonald’s, Microsoft, Travelers and Visa. Among these GE and McDonald’s are two of the six “Dogs of the Dow” of 2015.

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General Electric (GE) +0.00%  closed at $29.51 on Friday last week, up 17% so far in the fourth quarter and up 16.8% year to date setting a multiyear intraday high of $29.83 on Oct. 23. At its flash crash low of $19.37 set on “Black Monday,” Aug. 24 the stock was briefly in bear market territory.

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Courtesy of MetaStock Xenith

GE’s chart above is positive but overbought with the stock above its five-week modified moving average of $27.06 with its 12x3x3 weekly slow stochastic rising to 83.07 last week up from 75.72 on Oct. 16, so the stock is now overbought. The stock had been above its 200-week simple moving average since the first week of 2012 when the average was $18.20. This moving average is now $23.98, last crossed on Black Monday, Aug. 24.

The horizontal lines are the Fibonacci Retracements of the crash of 2008. General Electric is one of the few Dow components that did not set a new all-time high in the rally since March 2009. The Black Friday low of $19.39 held its 38.2% retracement of $19.67. Now the stock is above its 61.8% retracement of $28.26.

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Courtesy of MetaStock Xenith

Home Depot’s (HD) weekly chart above is positive but overbought with the stock above its five-week modified moving average of $119.56 with its 12x3x3 weekly slow stochastic rising to 86.25 last week up from 81.80 on Oct. 16, so the stock is now more overbought. The stock had been above its 200-week simple moving average since the week of Aug. 12, 2011 when the average was $28.79. This moving average is now $80.20.

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