Thursday, October 14, 2010

Caterpillar - CAT

I was having a look at some charts and Caterpillar caught my eye. First up a 10 year monthly view of Caterpillar ticker CAT. Note how we are bumping up against the upper bound of a very long term channel.


Next up a 5 yr weekly view.


Housekeeping notes:


As a defensive measure, I am adjusting my stops upwards on TLT to 100.76 and 98.74 respectively.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 92.15 stop @ $98.74
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 93.48 stop @ $100.76
Short 1 unit Amazon ticker AMZN @ $160.00 stop @ $162.11
Short 1 unit Baidu ticker BIDU @ $103.45 stop @ $105.11
Short 1 unit American Express ticker AXP @ $39.45 stop @ $40.51

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