Would you go long JOY and CAT going in to the weekend ?
yes I would. it is close to the low for the week,and the china stimulus may happen on sunday. all good reasons to buy for a nice profit for next week just look at the weekly hi and lows. I rest my case. In at 59.90 late am. if we can hold the weekly low for this week then we could see a decent rally monday if china comes thru. if not the overall market will take us up some. two things i will point out, options expire today, it will try to be held at the close at just below 60.