...by the end of June. Looks like CAT will re-test the 200ema. Not sure by the chart if it is a full "pullback"...it just looks like a dead-CAT bounce off of the lower "bollinger band". if it is a "bear pullback" it will last until the end of next week.
Cliss....I was hoping for a break of support on "some" of the Dogs of the DOW in early June (per June 2011), but I will take $87.50 too with JUN12 PUTs, but I can also see a move down to the $85.54 neckline before opex. $80's the next neckline. I'm on short-leash with June puts, so I'll have to sell before then I think.
The "long" bias seems pretty weak right now, with this continuous whipsawing. I'm not doing any ST long swing trades. I got slammed on CVX trying to do that.
Looks like our "fundamental crew" went on vacation? I miss'm. Just a few pumpers drifting in.
For CAT $80, I'm hoping June brings another big leg down. They can't seem to sustain a squeeze for more than one session now.