|Day Low/High||143.00 / 147.40|
|52 Wk Low/High||111.75 / 148.47|
The complexion of the market, at least over the last two trading sessions, has changed. (I'll have more on this in my opener tomorrow.) But, I fully recognize that two days does not a market make. Let's see if there is follow-through Tuesday and Wed...
Deere & Co. again lowers guidance. I agree with this comment on the agricultural equipment space (I am large short Caterpillar ) from Neil The Real Deal: Neil S • 3 minutes ago • edited Looks like ag sector still feeling pressure. Deere -4.5% after ...
* A broad-based gain today * There is a narrative for every Deal and every Bull Market -- but it always changes and sometimes it's faux (e.g. Schwab/TD Ameritrade) The steady and relentless market advance of the last seven weeks continued today. We ...
I am offering (slightly above last sales) shorts in , , , and . I am bidding (slightly below last sales) longs in , and .
Monday saw another (albeit small) market advance -- with a narrow trading range. It was good action for the bulls considering the incremental trade news. Also, we heard a lot of noise but nothing definitive: * Breadth was negative -- with around -40...
It was a quiet day for the Averages but there was plenty of action underneath - in the relentless assault to higher levels: * Breadth, at 3:15 pm was -150 on the NYSE - steadily improving from the early morning. * Bonds rose in price and dropped in ...
Caterpillar is a prime example.
Look for CAT to show further gains ahead.
What is really driving this rally is the inability of algorithmic traders to moderate their buying.
As the indexes touch all-time highs, remember the challenges thrown at us lately are typical of what bull markets thrive on.
* I am raising my short exposure In Wednesday's regular trading session and after hours trading I raised my net short exposure to large-sized by, among other trades, expanding both my and shorts. I did this for several reasons: * Markets likely ramp...
It is impressive that a cyclical company could raise its dividend each year during the worst economic downturn in decades.
Based on my assessment of the downside risk relative to the upside reward, I moved to a very large short position late yesterday.
Let's visit with the charts of PPG and Caterpillar.
* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." - Walter Deemer "When the t...
The odds of a Fed December rate cut are now very low. I think the marketplace handles that just fine, as long as the statement with this week's expected cut does not sound too tough, or too cautious.
Deere, Dow, Caterpillar, PPG Industries, Illinois Tool Works, CSX Corp and Union Pacific all defied expectations and rose after less-than stellar quarterly reports. Here is why.
What's been most impressive lately has been the overall improvement in the charts.
Dow chemicals are finding a bottom, higher-yielding stocks are trading well, macro is improving and the consumer is getting stronger.
There is a tendency for the financial media, in particular, to believe "price is truth." For example, Caterpillar (which traded lower in yesterday's pre-market) ended slightly higher at the close - and the media proclaimed a turn in the stock (justi...
Few things can cause people to pull money out of the stock market than what seems like irrational actions that actually make sense.
I do think those watching for where we are in the cycle should be paying close attention this earnings season.
One name that investors are cheering today is label and packaging material-maker Avery Dennison.
Our goal is to understand why the market is buying or selling, especially when the action appears contrary to logic.
There are reasons that I believe Caterpillar deserves my attention as well as my investment.
...and here are some of my reasons why I had aggressively shorted Caterpillar.