Chemicals Scan — July 10, 2026 Close
Chemicals Scan — July 10, 2026 Close
A rotation flipped the sector's axis again. The specialty/industrial names (SHW, ECL, APD, LIN, PPG) that were running RSI 63-69 last scan all cooled hard this week, each down 1-6%. Meanwhile DOW and LYB — pinned in the low-20s RSI for weeks — bounced sharply, and both moved out of the collapse regime classification into pullback for the first time. DD's "artifact resolved, reads normal" call from last scan reversed: RSI fell back to 39.2 on fresh weakness, not the old spinoff distortion.
Data as-of 2026-07-10 close. All numbers from precomputed summaries/chemicals.json. Prior scan: 2026-07-07-chemicals (2026-07-07, data as-of 2026-07-06 close).
Quick Snapshot
| Signal | Reading |
|---|---|
| Overall | 🟡 A rotation, not a clean trend — specialty/industrial names (SHW, ECL, APD, LIN, PPG) cooled from RSI 63-69 into the high-40s to high-50s, while deeply oversold DOW and LYB bounced 6%+ and upgraded from `collapse` to `pullback` regime. DD rolled back over after last scan's resolved call. |
| Key insight | DOW and LYB's regime classification improved from `collapse` to `pullback` for the first time this cluster — RSI up from the low-20s to high-30s and both narrowed their distance from 52-week highs. RSI is still below 50 for both, so this isn't a confirmed bottom yet. |
Price Table
| Stock | Price | RSI | Trend | 7D% | 30D% | 3M% | vs SMA20 | 52wkHi% | Signal |
|---|---|---|---|---|---|---|---|---|---|
| APD | $299.53 | 57.3 | strong-up | -2.84% | +8.37% | +0.92% | +4.1% | -4.87% | 🟡 Cooling off the regime-flip breakout — RSI 66.4→57.3, still holding most of the +14% week's gain |
| LIN | $529.79 | 55.6 | strong-up | -1.04% | +2.78% | +4.44% | +1.2% | -3.36% | 🔒 Hold — quality anchor, smallest pullback in the group |
| SHW | $333.99 | 53.9 | up | -3.61% | +5.40% | +0.14% | +0.6% | -12.03% | 🟡 Reversed hard — RSI 68.9→53.9, death cross unresolved |
| ECL | $274.31 | 53.1 | up | -1.99% | +4.34% | -0.05% | -0.1% | -11.30% | 🟡 Reversed with sector — RSI 67.3→53.1, death cross unresolved |
| PPG | $116.76 | 48.2 | strong-up | -5.05% | -1.25% | +6.61% | -2.7% | -12.49% | 🟡 Biggest specialty pullback — RSI 63.5→48.2, below neutral now |
| LYB | $56.35 | 39.4 | weak-down | +6.84% | -11.22% | -24.60% | -1.7% | -32.87% | 🟢 Bounced off deep oversold — regime upgraded collapse→pullback |
| DD | $134.68 | 39.2 | weak-down | -4.38% | -4.16% | -4.41% | -3.7% | -14.75% | 🟡 Rolled over again — RSI 50.7→39.2, prior "resolved" call reversing |
| DOW | $29.03 | 39.1 | down | +6.77% | -13.68% | -26.89% | -3.1% | -32.08% | 🟢 Bounced off deep oversold — regime upgraded collapse→pullback |
Tier Analysis
SPECIALTY/INDUSTRIAL COMPLEX COOLED HARD: SHW ($333.99, RSI 53.9, was 68.9), ECL ($274.31, RSI 53.1, was 67.3), APD ($299.53, RSI 57.3, was 66.4), LIN ($529.79, RSI 55.6, was 63.7), and PPG ($116.76, RSI 48.2, was 63.5) all pulled back this week after running RSI 63-69 last scan. PPG had the sharpest decline (-5.05% 7D) and is the only one of the five to drop out of the RSI-50+ zone entirely. APD, last scan's headline regime-flip, gave back some of its prior week's +14.3% gain but is still up 8.37% over 30 days and hasn't broken its strong-up structure.
DOW AND LYB BOUNCE, REGIME UPGRADED:
DOW ($29.03, RSI 39.1, was 23.3) and LYB ($56.35, RSI 39.4, was 20.5) both bounced this week — up 6.2-6.4% — and both moved out of the collapse regime classification into pullback for the first time in this cluster's recent scans. Distance from 52-week high narrowed for both (DOW -36.06%→-32.08%; LYB -36.90%→-32.87%). RSI is still below 50 for both, so this isn't a clean reversal signal yet, but the multi-week deterioration has at least paused.
DD ROLLS OVER AGAIN: DD ($134.68, RSI 39.2, was 50.7) — last scan's "artifact resolved, reads normal now" call — has turned back down. 30D change flipped from +0.06% to -4.16%, and distance from 52wk high widened from -10.72% to -14.75%. This isn't the prior corporate-event distortion; it's fresh weakness, now tracking closer to DOW/LYB's RSI than to the specialty complex it was grouped with last scan.
LIN — STILL THE STEADIEST HOLD: LIN ($529.79, RSI 55.6, strong-up, golden cross, -3.36% from 52wk high) had the smallest pullback of the specialty group (-1.04% 7D) and remains the cleanest large-cap structure in the sector.
Entry Zones
| Stock | Price | RSI | 30D% | Setup |
|---|---|---|---|---|
| DOW, LYB | $29.03 / $56.35 | 39.1 / 39.4 | -13.68% / -11.22% | Regime upgraded collapse→pullback; still below RSI 50, not yet a confirmed floor — early, not a value entry |
| PPG | $116.76 | 48.2 | -1.25% | Sharpest specialty pullback; wait for RSI to reclaim 50+ before treating as an entry |
| LIN | $529.79 | 55.6 | +2.78% | Steadiest hold in the sector; accumulate on further dips toward SMA20 |
| APD | $299.53 | 57.3 | +8.37% | Cooling off the breakout week; hold, no fresh entry signal at this pullback depth yet |
Action Matrix
| Action | Stocks | Why |
|---|---|---|
| 🔒 HOLD | LIN, APD | Strong-up structure intact through the pullback |
| ⚠️ AVOID / WATCH | SHW, ECL, PPG | Cooled from RSI 63-69 into high-40s/low-50s; death crosses still unresolved on SHW/ECL |
| 🔍 WATCH | DOW, LYB | Regime upgraded collapse→pullback but RSI still below 50 — too early to call a bottom |
| 🚨 WATCH CLOSELY | DD | Rolled back over after last scan's "resolved" call; fresh weakness, not the old artifact |
What Changed Since Prior Scan (07-07 → 07-10)
- The specialty/industrial complex (SHW, ECL, APD, LIN, PPG) cooled sharply: RSI 63-69 (07-06) → 48-57 (07-10), each down 1-6% on the week.
- DOW and LYB bounced off deep oversold levels: RSI 23.3→39.1 and 20.5→39.4, both up ~6.3% this week, and both regime classifications upgraded from
collapsetopullback. - DD's "artifact resolved" call from last scan reversed: RSI 50.7→39.2, 30D change flipped from +0.06% to -4.16%.
- APD gave back some of its prior +14.3% breakout week but remains up 8.37% over 30 days — cooling, not broken.
The Gold
Key Discoveries
| Discovery | Implication |
|---|---|
| DOW and LYB both upgraded from `collapse` to `pullback` regime for the first time this cluster | First technical sign of stabilization after weeks pinned in the low-20s RSI, though not yet a confirmed bottom |
| DD's prior "artifact resolved" call reversed into fresh weakness (RSI 50.7→39.2) | This is a new decline, not a recurrence of the old spinoff distortion — worth tracking separately |
Mistakes (Don't Repeat)
| Mistake | Lesson |
|---|---|
| None repeated this round | DOW/LYB still correctly held as "not yet a value entry" despite the bounce — RSI remains below 50 |
Open Questions
Related
9 eventsNo direct external sources are attached to this read.