Caterpillar beat and raised this morning and the stock is reacting magnificently. It’s possible this will open above this 6 year trading range. We’re looking at the start of a new multi-year trend.
The stock has basically ignored the Feds storming into their headquarters and running an investigation. Now we know why.
If this move is for real, think about the implications of this for the market. Good things are happening around the globe. Stock markets around the world have broken out. This is exactly what bulls would want to see as a piece of confirming evidence in the global bull market.
Trade ’em well