Caterpillar
Thu, January 23, 2025 | 1:57PM ET
Industrials is gaining ground today, but the equal-weighted Industrials ETF (RSPN0.12% ) is up only around +0.50%, far less than the Cap-weighted Industrials ETF (XLI0.03% ) as GE-1.28% and UNP0.20% , not to mention CAT0.11% and DE1.12% are leading gains. As shown by the Equal-weighted version of Industrials, this sector's underperformance since November has run its course, and has now begun to turn up sharply. this remains one of the best technical sectors in the US stock market at present, and it's right to be overweight Industrials.
Fri, April 26, 2024 | 1:04PM ET
CAT0.11% Caterpillar's rebound yesterday and today is helping to erase some of this past week's losses, and i expect this to push higher to test short-term resistance between $352-$355 into next week. Getting above 355 would help CAT regain the uptrend that it broke this week. Overall, i am not negative on CAT and feel that this 3-week decline simply has resulted in short-term deterioration only but not meaningful intermediate-term damage. Weekly and monthly MACD indictors remain positively sloped and its recent weakness just resulted in some consolidation after momentum got a bit overbought. Going forward, reclaiming $355 will the key area to watch with regards to this being able to rally back to recapture highs. Any break back under $330 would postpone the rally, but i do not anticipate that in the next couple weeks.
