CAT

CAT didn't pullback as far as I had hoped in last night's post, but we had at least one member on it early today who went in and out for a nice profit.

CAT looks like it's going to pullback a bit or at least consolidate in this area. If I were interested in playing it, I'd probably try a phased entry with a partial position in this area and leave a wide enough stop (position sizing) to be able to add around $85.50, I'm not sure we'll get much more than that. In any case, the positive demeanor I noted in yesterday's post is still there and it looks like it still has plenty of upside in it.

 2 min intraday CAT already pulled back from this small second top.

 The 3 min chart also negative intraday here

 And the 5 min chart is even deeper in to a leading negative divergence now so a pullback seems most probable.

 The more important 10 min and 15 min above and below show the positive position CAT is in and why it looks like it has a decent move up coming.

Even the 60 min chart looks good.

If CAT will come to you, the risk is already fairly low with stop in the high $81 area.