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CAT trade ideas

Caterpillar technicals point to downside riskCAT reached new annual highs last week but failed to break above an important technical level at $83.90 (50% Fib level in chart). A negative divergence has taken shape in the daily RSI as prices retreat from a trend line resistance tested on 17 August. So long as prices remain below $85.30 (current projected trend line level), we may see CAT correct down towards $80.90 by next week. $77.40/$78.00 is also a possible target if such a correction takes place next month.
NYSE:CATShort
by ABRAK75
CAT dont mess with the CAT it has clawsOminously similar to the prelude to the 2008 mess. Same levels and trends everywhere, all indicators, ready for the next bottom build too. CAT does not like to be overbought, consistent, trustworthy, sells off everytime. World economic indicator. Europe bank stress test friday could be the next Lehman brothers moment, at least one bank goes under, and who is not too big to fail? The tip off was a few weeks ago the real estate loans failure, that was averted, at least in the media. The stress test will show all where they stand. Commercial real estate loans most at risk. Commercial office space is down, vacancies high all over, online stores taking market share, amazon, etc. And bonds... people will be asked to get less than they expected, or how will they fund the payouts, with underfunded liabilities? Not saying for sure, but this could be the first exposure to the results, unintended though they may be, of way, way too much QE, avoiding any pain whatsoever of the 2008 mess that still has not been cleaned up, and negative rates should be our best clue, negative rates, are you kidding me? Makes no sense, just no sense. But as long as the market keeps going up from all corporations with no growth and higher EPS because of generational changes to costs structures, well, the day is coming to reset, and the reset button could be pressed friday. In fact, if they hold the results until after the close of euro markets friday, that is your clue to very bad numbers, and they would want to announce while their markets are closed over the weekend, so they can do some damage control before the markets open again Monday morning. And if they wait until after the USA markets close, well, then its a wrap its bad, very bad. I am sure there will be a cover up or delay of some kind if it is bad, just like they have avoided the bad news all these 8 years. The key market leaders are all screaming the same story as CAT, transports, etc. and euro banks have not come back since brexit vote, even down further ahead of friday. Wake up people, sorry bulls, bears will wake from their semi slumber and roar very soon. Currencies acting frisky too. IMO
NYSE:CATShort
by claydoctor
Caterpillar Update: Decline Still In Effect, Part 2UPDATE 2 OF 2. On Friday I established a new short position in CAT. TRADE-MAP suggests further weakness. Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE): 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces. Now the letters in MAP: 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. There you have it: Don's personal "TRADE-MAP. Here are "Don's Top Ten Technicals": 1. The Ichimoku Cloud is SINKING, with lower prices now than structure to the left. 2. Prices are falling BELOW the cloud. 3. Prices are falling BELOW the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is moving LOWER. 5. The thick black line is the Ki-Jun-Sen baseline of the Ichimoku Cloud and this is HEADING DOWN. 6. The indicator on the top of the page is RSI / Stochastic , and this is FAILING. 7. The top-side middle indicator is vortex and this is NEGATIVE (red over green). 8. The Top (bar-type) indicator measures the "phase energy", and this HAS CONTINUED BELOW THE ZERO LINE. IT HAS STALLED AT THE CROSS-OVER POINT. This suggests the selling has more to go. 9. The red fractal arrows (not pictured) are DOWN. 10. Look to the far lower right on the chart, around $69.87. You will notice a yellowish line on the bottom (jaws), with black dots above (teeth), and a blue line (jaw) above the black dots. Now, all three are CLOSED, correct? This is where I ask you to use your imagination and envision these three items as the "jaws, lips, and teeth of a SLEEPING alligator, and the alligator will continue to feed into the DOWN-TREND soon. I would like to close with a quote from “Hall of Fame” pitcher Satchel Paige: “Money and women. They’re two of the strongest things in the world. The things you do for a woman you wouldn’t do for anything else. Same with money.” I hope this has been entertaining, helpful, and informative. May all of your trades go well. Don.
NYSE:CATShort
by 649bruno