Bryan Leighton's Blog Posts Tagged 'CAT' (21)

Mining Equipment Stocks Dig An Early Hole

This morning, all of the leading mining equipment stocks are coming under early selling pressure. Caterpillar Inc (NYSE:CAT) is considered the leading stock in the mining equipment sector. Today, CAT stock is trading lower by $1.24 to $100.87 a share. Short term traders should watch for some intra-day support around the $100.00 and $98.00 levels. The daily chart of CAT remains weak as the stock trades below the important 50-day moving average.



Some other leading…

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Added by Bryan Leighton on May 2, 2012 at 10:58am — No Comments

Beware Of The Dow Jones Industrial Average Lead Rally

This morning, most of the leading stocks in the Dow Jones Industrial Average (DJIA) are trading higher. Traders must remember that the DJIA is a price cap weighted index unlike the S&P 500 Index and NASDAQ Composite which are market cap weighted indexes. When a price cap weighted index trades higher it will usually signal that the high priced stocks in that indexes are trading higher. Today, International Business Machines Corp (NYSE:IBM) is the highest priced stock in the DJIA and…

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Added by Bryan Leighton on April 16, 2012 at 10:45am — No Comments

Rally Today: Market Preps For Major Earnings And Data

Stocks are jumping for the second day in a row. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $138.42, +1.52 (+1.11%). This strong move up is coming prior to major economic and earnings news in the next 24 hours.



Today, after the markets close, Google Inc (NASDAQ:GOOG) will report earnings. Wall Street estimates expect a profit of $9.64. The whisper number is for a profit of $9.87. This is the first major technology earnings report of the season and will shape the action…

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Added by Bryan Leighton on April 12, 2012 at 11:59am — No Comments

Markets Collapse As River Theory Shows Everywhere

The markets are taking a beating today on the back of major worries out of Greece and the rest of the European Union. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $134.64, -2.11 (-1.54%). This is the biggest drop in the markets in almost three months. In addition, it is coming off the double top in the SPY from May 2nd, 2011 as well as the Dow Jones Industrial Average hitting 13,000 and the NASDAQ hitting 3,000. The fact that the market failed to confirm above these levels is…

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Added by Bryan Leighton on March 6, 2012 at 12:52pm — No Comments

Markets Dragged Lower With Key Stock Setups

The markets are seeing some selling on worries stemming from China and Europe. China lowered its growth rate to 7.5%. This is bearish for the entire globe as most advanced economies rely on China. In addition, European issues have started to bubble up again. Things with Greece are getting messy and Spain has said they will not meet the spending cuts required by the bailout of 2011. These raise new concerns of a European defaults.



Apple Inc. (NASDAQ:AAPL) is also selling sharply…

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Added by Bryan Leighton on March 5, 2012 at 12:15pm — No Comments

Cracks In The Market Emerge, Downside Imminent

The markets are seeing red today with the SPDR S&P 500 ETF (NYSEARCA:SPY) trading at $135.86, -0.60 (-0.44%). After Greece received its second bailout over the holiday weekend, the markets have started to show major cracks. Interestingly enough, this is happening just as the retail investor is jumping back into the market. This is setting up for a sell off and pivot top of 2012. Yes, you heard it first here, we are close, if not at the highs of 2012.



The first crack must be…

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Added by Bryan Leighton on February 22, 2012 at 1:03pm — No Comments

Joy Global Could Be Telling Us Something

Joy Global Inc (NYSE:JOY) is a leading manufacturer of mining and farming equipment. The stock has been selling off over the past two trading sessions. This morning, JOY stock is declining lower by $2.00 to $90.70 a share. When a market leader such as JOY stock declines it could be telling us that the mining business is beginning to slow down. BHP Billiton Ltd (NYSE:BHP) is also trading lower today by $1.15 to $80.62 a share. Earlier today. BHP reported earnings and guided slightly…
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Added by Bryan Leighton on February 8, 2012 at 11:01am — No Comments

Mega Rally Continues Until This Point

The markets are continuing to surge higher today. The SPDR S&P 500 ETF (AMEX:SPY) is trading at $125.39, +1.42 (+1.15%). Optimism continues to grow stronger for a major bailout plan in Europe. In addition, extra positives today included a solid China PMI number, showing expansion and good earnings from stocks like Caterpillar Inc. (NYSE:CAT).



In the last three weeks, the S&P 500 has surged 16%. This massive move may continue just a little while longer. When analyzing the…

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Added by Bryan Leighton on October 24, 2011 at 12:06pm — No Comments

Will This Early Rally Fade Again?

Nearly every day the major stock indexes gap up sharply or gap down sharply. The stock market participants are extremely focused on every rumor or word coming out of the European Union. Who really knows what to believe at this point? One day Greece is going to be bailed out again, the next day Greece is going to default. One day Germany says they will bailout the Euro Union, the next day they will not. This news is absolute insanity for anyone that trades off of news or the so called… Continue

Added by Bryan Leighton on September 29, 2011 at 10:24am — No Comments

The Greenback Says It All

Once again, the major stock indexes are coming under heavy selling pressure. The decline this morning is broad based as all of the leading sectors are declining. Generally, when the markets are lower it is due to a stronger U.S. Dollar Index. This morning, the U.S. Dollar Index futures (DX Z1) are trading lower by 0.93 cents to $77.96 per contract. Traders that do not have a chart of the U.S. Dollar Index can follow the PowerShares DB U.S. Dollar Index Bullish Fund (NYSE:UUP). When the… Continue

Added by Bryan Leighton on September 19, 2011 at 10:34am — No Comments

Groundhog Day

Today is an exact replay of yesterday's stock market action. This morning, the major stock indexes found a low around the 11:00 am EST, yesterday the stock market found a low at 10:30 am EST. This afternoon, the major stock indexes have just traded higher on light volume, yesterday the major stock indexes did the same thing, floating higher as if they were on helium. Now traders will have to closely monitor the final thirty minutes of the day. Yesterday, the major stock indexes sold off… Continue

Added by Bryan Leighton on September 15, 2011 at 3:46pm — No Comments

Which Stocks To Own: Obama Infrastructure Push

President Obama will make a major speech to the country this evening at 7pm ET. He is expected to discuss a plan for job growth. It is likely to involve some sort of infrastructure rebuilding. If an infrastructure plan is unveiled, what are the stock play's investors will buy?



The markets are trading around the flat line, prior to this big speech. The SPDR S&P 500 ETF (NYSE:SPY) is trading at… Continue

Added by Bryan Leighton on September 8, 2011 at 11:43am — No Comments

The Master Stock Market Outlook Revealed

The markets are floating higher on the day. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $122.86, +1.18 (+0.97%). The ADP Private Sector Employment numbers were released this morning at 8:15am ET. They came in with a gain of 91,000. This number was solid and the markets liked it. However, all eyes are on the Federal Reserve for their next meeting on September 21st and 22nd. Ben Bernanke made it clear last week at Jackson Hole that there was likely new easing coming to the United States, in… Continue

Added by Bryan Leighton on August 31, 2011 at 1:22pm — No Comments

The Stock Market Playbook For The Next Week

The markets are nearing a key resistance level. This should be short term resistance but probably not the end of the move up. The level on the S&P 500 is 1207. On the SPDR S&P 500 ETF (NYSE:SPY) the level coincides perfectly with $121.20. This level happens to be the pivot high from August 17th, 2011. The likely scenario is a stall-out here for a day or two, then a push through it to the $124.00 to $126.00 area. Once this next level it achieved, look for a significant pull back in…
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Added by Bryan Leighton on August 29, 2011 at 2:05pm — No Comments

The Case For A Bottom Wins

The markets are holding just around the flat line today. Panic still remains and many believe another collapse is around the corner. While the average investor is beginning to panic, seasoned traders are avoiding emotion and looking at reality. When looking at reality they are buying for the short term, looking for a bounce. There are many signals pointing to the fact that the lows were in on August 9th, 2011 when the S&P 500 had a 70 point reversal off the lows.



First, the short… Continue

Added by Bryan Leighton on August 22, 2011 at 12:44pm — No Comments

Stock Markets Retreat After Harsh Remarks From Sarkozy And Merkel

The stock market had recovered all its early losses to turn briefly positive on the day. This was impressive to say the least as there is still underlying fear everywhere. Europe is still a mess and experiencing an epic default risk. This move up to the flat line coincided with the 12pm ET press conference between the leaders of Germany and France. President Sarkozy and Chancellor Merkel took a hard line against the southern countries in Europe. Balanced budget amendments were thrown around as… Continue

Added by Bryan Leighton on August 16, 2011 at 2:09pm — No Comments

Read The Stock Market Correctly And Profit

The stock market is holding a majority of the gains. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $115.32, +3.03 (+2.70%). The key to this market is whether or not the gains can be held into the close. Just yesterday, the markets sold sharply in the final ninety minutes of trading. This is on the mind of every trader and will be a major test.



The reason for the late day sell yesterday was due to European fears. Traders did not want to hold any positions into the close of trading… Continue

Added by Bryan Leighton on August 11, 2011 at 12:54pm — No Comments

Major Pops In Large And Small Cap Stocks

The markets are sharply higher as they get an oversold bounce ahead of the FOMC Policy Statement. In the last two weeks, the markets have dumped over 15%. Everything from major market leaders like Caterpillar Inc. (NYSE:CAT) and Apple Inc. (NASDAQ:AAPL) to small cap runners like OXiGENE, Inc. (NASDAQ:OXGN) have been pounded but are now surging dramatically higher.



As the markets wait for the Federal Reserve policy statement, the markets are jumping. Caterpillar is trading at $85.40,… Continue

Added by Bryan Leighton on August 9, 2011 at 1:10pm — No Comments

Head And Shoulder Pattern: Stock Markets Flush To Target

The markets have now completed the head and shoulder pattern target at $115.00 on the SPDR S&P 500 ETF (NYSE:SPY). The head and shoulder pattern can be seen clearly on the chart below. This pattern was a classic technical bearish signal. In this situation, it completed in record time. With the completion of this pattern, it is highly likely the markets will find support for a short term bounce.



The downside today came on the back of a downgrade to the credit rating of the… Continue

Added by Bryan Leighton on August 8, 2011 at 11:55am — No Comments

Markets Close Green, These Are The Plays

The markets are attempting to recover from massive losses today. If the markets are able to squeeze out a flat close or slightly positive, many major stocks look to be amazing buys. The key to going long is the massive fear in the markets and the reversal signal of capitulation in the markets today, should a flat or positive close occur.



The first stocks to pop will be large cap players that were at or near their 52 week highs just weeks ago. Many of these stocks are performing well… Continue

Added by Bryan Leighton on August 3, 2011 at 1:24pm — No Comments

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