|Day Low/High||119.03 / 124.24|
|52 Wk Low/High||111.75 / 150.55|
This is some sort of whacky, crazy bull market that just doesn't want to go down.
The bears were unable to generate sustained downside pressure on Monday as the indices closed down.
Caterpillar couldn't escape the macro headwinds that have curbed broader market gains.
I don't see the appeal in chasing names that are missing or guiding lower in the current market environment.
It looks like the S&P 500 is about to test the intraday lows and that will prevent much upside action.
You buy the companies that have told you things have bottomed.
Caterpillar's plummet could convince some contrarian investors to come into the stock.
Management commentary from CAT is key on Monday.
The big miss may defer or remove the rotation back into economically sensitive sectors (e.g., industrials) that had been quietly emerging. If so, where is the market's beef (?) and will this put an end to the Bull Market run since Christmas Eve?
I mentioned that the miss could stall the rotation into industrials. The Nvidia big miss and guide down may stall the rotation into technology.
The machinery giant's first earnings miss since 2016 is pushing its stock into a hole.
The marketplace will react to this week's China, U.S. trade talks in a huge way.
It's going to be one hectic week.
Let's review the charts as CAT has been in a downtrend for a while.
Focusing on the actual worth of individual stocks is the way to make money.
Dow Theory presents tips for surviving a bear market, some top year-end stock bargains and a simple strategy for monthly income.
But extreme short-term volatility will produce extreme long-term loss of public trust.
With the Dow down around 3% Tuesday, a closer look at CAT is in order.
What to buy and what to trim on the 90-day extension on trade talks.
Who's likely to win and who's likely to lose on Monday.
"We're all hurt someplace and we're all looking for a painkiller." -- Katherine, Looking For Mr. Goodbar As I have previously remarked there is an old trading adage that long trading opportunities often occur in stocks that are green in a sea of red...
I think we have to change the storyline here.
Caterpillar reports the slowest rate of growth in retail sales since September, 2017.
Insiders buy for only one reason -- to make money.
This month has been lousy, but there are factors that could still produce a year-end rally.
CAT stock is showing an alignment of bearish signals.