Hubert Senters here.
Let’s take a look at Caterpillar, CAT. I am going to zoom in here for just a second. One, two day buy signal above the cloud. The ADX is still a little bit low at $10.77 but starting to slant in the upward direction heading towards $28. But that’s what you’re looking for so I would wait one more day for this to close above the cloud that would give it three solid closes.
You can see that the lagging line is above the cloud so that’s a confirmation so that’s good. Stop would be $144.67 and your initial target would be in the area of $155 to $158.
I’m going to be hosting a special webinar with Ross Givens tonight. Insider Trading Summit, ‘’See How You Can Potentially Reap Huge Profits Following Insider’s Trade.’’ Tuesday, September 18th at 7PM EST. First name, last name, e-mail address, telephone if you want a little reminder.
And you can also download the report or if you just scroll down, you can learn how to do that. That big blue button right there register for the webinar.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.