|Day Low/High||135.68 / 142.09|
|52 Wk Low/High||87.50 / 150.55|
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.
Let's check the charts and indicators of this company once again.
The Defense Department's potential $10 billion award for their cloud computing contract is a never ending saga with Microsoft and Amazon as finalists.
* CAT misses and guides lower * CAT is Still a DOG We shorted Caterpillar last week and have been adding to the name. CAT just reported -- the company missed sales/profits expectations and lowered guidance. Here are the highlights: --Sales and rev...
* I am adding CAT to my Best Ideas List (short) I have done well with Caterpillar on the short side over the years. I suspect we are approaching another short opportunity. (I took a trading short rental three days ago.) Here are some of my reasons w...
Let's check the charts of this global leader in the manufacture of construction and mining equipment.
I was quite active in my trading and investing over the last two days (while I was on the West Coast and not writing in my Diary). Here is a summary of my actions: * I have added to my private equity shorts - (a new position) joins . * I have reesta...
A trade deal still seems far away, so check your China exposure, again, as earnings season approaches.
One has to wonder whether there isn't a wholesale shift in China toward internal consumption and away from exporting.