The VoSI VooDoo Report
Offbeat Ideas and Commentary from the Depths of Gil's Trading Notes
Just something to keep an eye on here...Caterpillar (CAT) is plumbing the depths of its current base after busting its 50-dma. A primary catalyst of the decline has been the talk of steel tariffs, which would result in increased production costs for CAT. I'm watching the prior 142.85 and 142.88 lows in the pattern as possible U&R turning points. On a closing basis, CAT is already above the lowest closing low in the pattern, which is 145.99.
VoSI VooDoo(TM) Report - Here Kitty Kitty!
|5 Mar 2018 10:55 ET
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