CATCL trade ideas
Caterpillar Decline: An UpdateSix days ago I published a sell signal for CAT. I went short and covered once.
Yesterday I published the continuation chart for the decline. I went short again.
Today I covered my short position for a second nice profit. If CAT rallies next week, I will establish a new short position. 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. 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 $71.00. 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 OPEN, correct? This is where I ask you to use your imagination and envision these three items as the "jaws, lips, and teeth of a NOW AWAKE, FEEDING alligator, and the alligator will continue to feed into the DOWN-TREND.
CAT is a DOW-30 stock , and I feel this will contribute to a general market decline.
One more consideration. The DXY has gone positive. A strong USD hurts CAT. So, "I am no bull-dozing" ! (Bad pun, as CAT makes bulldozers).
I would like to close with this quote from Katherine Hepburn: “If you’re given a choice between money and sex appeal, take the money. As you get older, the money will become your sex appeal.”
I sincerely hope my contributions are helpful to you. I enjoy Trading View and the many fine technical analysis charts that you all submit. May all of your trades go well. Don.
Short CATI'm short CAT via the 67.50 strike august put. This is a monster setup with divergence, bear flag, and MACD inflection. This is pointing to a big move down.
Cheers
CAT Update: Setting Up For DeclineSix days ago I published a sell signal for CAT. I have gone short and covered once since then.
I have gone short on CAT again.
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.
"Don's Top Ten Technicals": 1. The Ichimoku Cloud is lower than structure to the left. 2. Prices are falling into 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 JUST COMPLETED A ZERO-LINE CROSS-OVER TO THE DOWN SIDE. This suggests the selling has just begun and has more to go. 9. The red fractal arrows (not pictured) are DOWN. 10. Look to the far middle right on the chart, around $72.43. 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 OPEN, correct? This is where I ask you to use your imagination and envision these three items as the "jaws, lips, and teeth of a NOW AWAKENING, FEEDING alligator, and the alligator will feed into the DOWN-TREND.
CAT is a DOW-30 stock, and I feel this will contribute to a general market decline.
I would like to close with a quote from Rita Rudner: They usually have two tellers in my local bank, except when it’s very busy, when they have one."
I hope this article has been helpful, entertaining, and informative. May all of your trades go well. Don.
CAT: Sell Signals, Part 2, Bearish Alt Pattern CompletedThis is part two for CAT. In part one we highlighted a five wave (and a-b-c corrective wave) harmonic pattern.
In the above chart I am showing you a completed bearish Alt Bat pattern.
Both parts one and two are in the same time horizon. I am trying to illustrate different ways of constructing harmonic patterns.
Elliott waves can be of short, intermediate, and longer range time durations.
The point I am trying to make is there are many negative indicators currently in effect for CAT. In my opinion, this stock is heading lower.
I would like to close with a quote from Mark Twain:
“If you don't read the newspaper, you're uninformed. If you read the newspaper, you're mis-informed.”
I hope this has been entertaining, helpful, and informative. I hope all of your trades go well. Don.
CAT: 5 Impulse & 3 Corrective Waves Flash Sell Signal, Part 1CAT has flashed a sell signal. A five wave (with three corrective waves) harmonic pattern has been completed. Not shown on this chart is the recent strength in DXY. A stronger US Dollar hurts CAT via currency exchange rates. Besides the harmonic pattern evidence, what does the TRADE-MAP analysis suggest?
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.
"Don's Top Ten Technicals": 1. The Ichimoku Cloud is lower than in October, 2015. 2. Prices are falling into 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 JUST STARTED A ZERO-LINE CROSS-OVER TO THE DOWN SIDE. This suggests the selling has just begun and has more to go. 9. The red fractal arrows (not pictured) are DOWN. 10. Look to the far middle right on the chart, around $72.79. You will notice a yellowish line on the bottom (jaws), with black dots above (teeth), and a blue line (jaw) still below the black dots (but starting to cross). Now, all three are BEGINNING TO CROSS AND OPEN, correct? This is where I ask you to use your imagination and envision these three items as the "jaws, lips, and teeth of a NOW AWAKENING, FEEDING alligator, and the alligator will feed into the DOWN-TREND.
Another huge negative - the recent corrective waves (a-b-c) have BROKEN THE UP TREND REGRESSION LINE (large red arrow).
The combination of all of these technical and harmonic patterns suggest a decline in CAT price.
This is part one of two in this series. Please view part two, a slightly different harmonic pattern for CAT - but every bit as negative.
I hope this article has been helpful, entertaining, and informative. May all of your trades go well. Don.
CATERPILLARLet's analyze Caterpillar:
1. The last candle is a Dojy on an imprtant resistance line
2. The RSI has made a new high, while price has not
3. The last impulse came after a RSI divergence
The conclusión is: SHORT Caterpillar with Stop Loss above $80.65
CatCat went shooter on the week and hammer, let’s just include United Rentals $URI same thing kinda. I like Caterpillar because it has dividends can Caterpillar pull this off?
Simple Trading Techniques – Pullback Candlestick Strategy
Go long the CAT if it trades at 75.62 or higher. If triggered, place your stop at 73.69 and exit the position for a profit at 77.44 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
changing trend....bullish trendtrend has changed ....descending trend line is broken and my suggestion is entry to uptrend
CAT - Industrial Sector is over heated. Here is a stock from the sector to watch out for. Also Keep an eye on CMI.
CAT going up to previous supportI think CAT can make it back up to previous structure support within the next 2-3 months.
Dogs of the DOW - One Year EntranceThe current Dogs are: CVX, CAT, VX, PFE, CSCO, IBM, BA, MRK, INTC, XOM. CVX is waiting. CAT IS A BUY. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy
CAT show Head and Shoulder patternCAT show Head and Shoulder pattern.
Price should be decline equal to the price from head to neck line.
Wish can hit the target na ka :)
