Upticks – Newton’s Law

Upticks Additions

• Fluor Corp. (FLR -1.83%  – $48.79)
• Quanta Services Inc. (PWR -3.44%  – $453.83)
• Parker-Hannifin Corp. (PH 0.36%  – $774.35)
• Galaxy Digital Inc. (GLXY -4.33%  – $34.13)

UPTICKS Total Return vs. SPY, Year to Date

UPTICKS Return vs. S&P 500, Since Inception

Upticks One Month Contribution to Performance Relative to SPY (September 30 to October 30)

Upticks Commentary

Below is a technical write-up of seven stocks for this month’s UPTICKS publication, with four additions and three deletions

(All prices reflect closing prices as of Thursday, 10/30/25.)

ADDITIONS:  FLR -1.83% , PWR -3.44% , PH 0.36% , GLXY -4.33%

Fluor (FLR -1.83% - $48.79)  Recent coiling should lead to a test and break to new 2025 highs.

Support $44, $37, Resistance $61, $84.

FLR -1.83%  looks quite appealing from a risk/reward perspective following its recent triangle pattern, following its test of 2018 highs.

The ability to turn higher from mid-September was accompanied by strong volume.

FLR -1.83% ’s push higher into last November helped it to make structural progress, and this likely starts to become more apparent after this climbs to exceed $61.

The risk/reward seems appealing here as momentum and structure have improved while the stock remains well off all-time highs from 2008.

Quanta Services- (PWR -3.44% - $453.83)  October’s breakout to new highs should help to drive PWR -3.44%  up to $484 and eventually $566.

Support- $404 386;  Resistance- $484, $566.

PWR -3.44%  continues to show remarkable strength, with recent breakouts in June and October having carried this back to new all-time highs.

Its trend continues to grow more parabolic; yet, counter-trend exhaustion indicators remain quite early in suggesting any kind of peak.

Gains into November should carry this up to $484, with movement above likely allowing this to reach $566. 

Parker Hannifin- (PH 0.36% -$774.35) – Consolidation since August now yielding to breakout back to new highs

Support- $715, $672;  Resistance- $880, $965

PH 0.36%  looks quite appealing following its recent breakout of a sideways pattern that had been intact since July as part of its larger uptrend.

The breakout above 2024 former highs near $718 happened in June of this year but failed to lead to dramatically higher.  However, this four-month consolidation is now being exceeded as October comes to a close on Friday.

I expect to see PH 0.36%  push higher up to $880 as a result of this breakout, and eventually push higher to $965 on this breakout.

Only a pullback under $715 would serve to postpone the rally, and this isn’t expected in the immediate future.

Galaxy Digital Inc.  (GLXY -4.33% - $34.13) Recent breakout of a massive Rounded bottom base since 2021 is quite bullish for GLXY -4.33%

Support- $34, $31; Resistance- $46, $50

GLXY -4.33%  breakout of prior peaks from 2021 is quite bullish technically and likely drives this higher into year-end up to $46, and then $50.

Giant rounding bottom pattern stretching four years adds to the appeal on this recent breakout.

Minor weakness since early October has unfolded in a choppy, overlapping manner which is not technically representative of a larger peak.  Thus, an eventual move back to new highs is likely.

Additonal Writeups:  SHOP -1.18% , WMT 6.85% , RDDT -2.91% , SPGI 0.13% , LRN 1.11%

Shopify (SHOP -1.18% - $173.61)

SHOP -1.18% ’s push back to achieve a new all-time high weekly close last week is constructive towards thinking this will show much further strength into year-end

While some minor consolidation might be possible in the month of November, this looks quite positive to continue holding into year-end, and its breakout should serve as a catalyst for more acceleration at new highs.

Strong support lies at $165-$170, and any movement into this range should make SHOP -1.18%  quite appealing from a risk/reward perspective to push back above this week’s highs at $182 to advance over $200.

Walmart – (WMT 6.85% - $102.23) Breakout back to new highs is followed by consolidation, which makes this appealing

WMT 6.85%  rallies back to new all-time highs, keeping this quite bullish after its bullish breakout of the triangle pattern.

WMT 6.85%  remains one of the top performing stocks within the entire Consumer Staples sector, returning +5.05% over the last three months, making this #6 on the list of the 38 stocks which make up the Consumer Staples SPDR Sector Select ETF (XLP 1.02% )

The last two weeks of minor consolidation after its breakout back to new highs make this quite attractive towards expecting a continued rally.

Reddit  (RDDT -2.91% - $194.42) – Holding October lows will be important heading into November

RDDT -2.91%  faces an important test following its initial period of stabilization in October. Despite the minor bounce up to test its 50-day moving average, the resulting pullback this week puts this at an important spot. 

Any break of $189 argues for a further drop down to test $169 into November, with a maximum pullback to $158 before this starts to turn back higher.

S&P Global  (SPGI 0.13% - $391.57) – Pullback to intermediate-term trendline support makes this appealing for a coming rally

SPGI 0.13% ’s decline from early August highs might seem damaging to its near-term technical structure.  However, the intermediate-term trend from 2022 remains very much intact.

The fact that SPGI 0.13%  has sold off to test this trendline successfully twice in the last two years makes this recent pullback important to watch as it tests this important spot.

Technically speaking, my view is that this remains a strong intermediate-term trendline, and this recent selloff creates an appealing technical risk/reward opportunity for a snapback rally.

A rally back to $512, then $524 looks likely initially, with movement above that allowing for gains up to resistance near $537, or the 61.8% Fibonacci retracement level of its decline from August into October.

$470 looks to be important support for the weeks and months to come.  This can’t be breached without changing the intermediate-term support from Bullish to Neutral and eventually bearish.  At present, this looks attractive following the stabilization near this key area.

Stride Inc. (LRN 1.11% - $66.72)  – Looking to sell LRN on rallies in the months ahead

Unfortunately, LRN 1.11%  has experienced enormous downside volatility given the recent securities fraud investigation.

The erasure of more than 50% of the value of this stock in the last couple of months does not create a compelling opportunity in my view.

However, given that most fundamentally oriented analysts continue to cover this company and four of six fundamental analysts still have this stock rated a “buy” vs. two as “hold,” I’m reluctant to drop LRN from Upticks despite this big drop.

Any favorable ruling for LRN 1.11%  likely could result in a snapback rally after a possible exaggerated period of redemptions.  Thereafter, I would use strength as a chance to remove LRN 1.11%  from my list.