Tag Archives: CAT
SPU…CAT
Those of you that took the Spu route and shorted the index “add to the shorts on a 1354 stop close only.” A daily close of the CME futures @ 3:15 Chicago time. A close below 1355 will put in … Continue reading
CAT…Pattern Alert
A close today below 114.53 will put in an outside reversal day to the downside. Again, this is a price negative pattern. Good support in Cat is at 112.70. Looking at possible price action scenarios I would expect that the … Continue reading
CAT
Yesterday 109.50 was the upside pivot in Cat which signaled more equity strength. Today this becomes critical support. A close under 109.85 today would put in an outside reversal lower pattern which is generally price negative.
A.M. Look 4/26/11
The levels of interest today are the old high in the S&P of 1337.50 off a continuation chart. We traded there this a.m. and it is important to monitor for a potential double top. 109.50 CAT is a level that … Continue reading
Pattern Alert…30 Yr. Bond Futures…DE…CAT
You have a double bottom in the 30 yr. futures at 118.14. DE under 96.25 is negative the board CAT …a weekly close under 108.61 would confirm a near term top. Not only would this put in an outside reversal … Continue reading
Cat…MMM
103.45-64 becomes the resistance level to watch for a match regarding overall market strength in CAT. 3M looks destined to put in at least a 93.65 print which is the old high.
CAT…3M…MOS
All these names are starting to break out to the upside. We went back to the well one too many times in the SPU. MOS over 82.10 CAT..102.28 MMM…90.73 are the relevant levels.
CAT…MMM (3M)
The weekly stops are just under 102 in CAT. 3M puts in an outside reversal day to the downside with a close under 92.05 Pay close attention to the so called offshore growth names.
CAT…IBM…GE
Price action under 98.70 is needed to run out the weak longs in CAT. IBM…Sustained price action back below 164.20 is needed here. GE… The price tgt. is about a dollar higher.. In the meantime do not fight the Spu/Bond … Continue reading
CAT…XOM
Cat was up big in pre-market. It has now traded unchanged on the day. Price action under 94.40 is needed for a full flush of long positions. Watch for tone. XOM…Dr. Nenner put out an 80 tgt. a couple of … Continue reading