TRADING TIPS

CAT Trade Plan

Hubert Senters here. Let’s take a look at Caterpillar. Heads up we’re in admist of earnings season any bracket trade or any trade that you’re thinking about taking make sure that you don’t have earnings coming up that day or the next several days. Sometimes that stuff can hurt you quite a bit so be careful out there. So on caterpillar we’ve got a nice litte pullback it pullback below the turning line. It touch the standard line and now it’s kind of covering in between the standard line and the cloud. If it can trade above which obviously it didn’t do today. If it can get above the turning line or I should say standard line. Let’s just say the colors. The purple line is headed to the standard line at $160. So I’ll probably be bidding for it on Monday if it’s trading above the $157.25 area. Good luck. Hope it helps. See you on the next video. Hubert.

2 Comments

  1. noel

    AS always Thank you for your insights.

    Reply
  2. Barry Hudson

    What is the standard line and the turning line?

    Reply

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