$CAT is a stock I have traded successfully over the years. Back in early 2009 analysts were pegging a $35 target to the name. These days its $120 or $130. Here is what I think.
All posts by uranium-pinto-beans
Say Hello To My Little Trend
No matter how you cut it, dice it, chop it... the trend remains up. Stocks remain impervious to downside. Every dip is a great buying opportunity.
NOTHING matters in an up trending bull market. It's a mix of momentum, corporate buybacks, and the fact that their remains no where else to put your money.
Thursday Morning Market Video – $AEO $FIVE $BIG $ULTA $SWHC $IBM $FDX $MMM $USO $GLD $SPY $TWTR $FB
Thursday Morning Reads – 12-4-14
The Hindenburg Omen in back! The last time we heard about this omen and the pending market crash that is supposed to come with it? At $SPY $155. We are now at $SPY $208. If that doesn't scare you into selling everything and hiding under a rock for the next 20% of $SPY upside, I don't know what will. Hopefully you can sense my sarcasm.
This morning we have the ECB. The market doesn't seem to be expecting much and neither do I.
Here is what I am reading today: