CAT

I am short CAT and I have also sold weekly covered PUT 92 for 0.24. I do it every week to reduce the loss. I know I am also limiting my profit. Consider that as a kind of stupid stop loss or damage control

 

You'll be fine. Its going down.

 

The only thing that makes sense to buy in this market is GLD.

 

http://seekingalpha.com/article/4026934-justify-caterpillars-95-share-price

 

Ya gotta look at percentage moves.
GLD is not a money making trade up or down.
If you want to play gold long, you need a pure play.
Not my forte or I'd offer one up.
If you think a crash is looming and you want to play an ETF, use VXX call options on an up (market) day. $27.68 as I type. Note however, this would be a very very short term play. Nature of the beast. It decays.

 

I am long GLD, AMZN
Short CAT, MMM, SBUX, ADI. Not that they are weak stocks. I believe they will retreat from their current levels.Simply they are overvalued.

 

I am not expecting a crash although it might happen. I am expecting a 4% selloff. I am not expecting a big move on GLD to make money. Just $1 in 3 days would be fine.

 

$CAT update this stock is still setup for much higher chart plan explains key points. confirmation is key

 

CAT acted interesting today. First up and then down. It shows weakness and I believe this will continue through the week.

 

CAT just took out support at $95.
Down it goes.