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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Beach

Beach

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IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars

Thursday, March 01, 2012

Negative Divergences on CAT

Below is a Daily chart of CAT. Price made a new all-time high on February 24th. There are negative divergences on the MACD, Stochastics, and RSI indicators, volumes are declining, and Bollinger Bands are tightening.

One to watch, in particular, as related to emerging markets and BRIC countries, which are also trading under similar constraints at major resistance levels, as outlined in my post of February 27th.

Near-term support lies around a Fibonacci, channel, moving average, and price confluence level of 105.00ish.