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Day five: our Caterpillar trade

Caterpillar (CAT) managed a mild recovery yesterday and closed well off its lows at $84.53.

After making the decision to move the stop on the Caterpillar trade up to $82.30, I am happy to let it play out and adjust parameters accordingly should the dynamics change.

Gaps tend to be filled at times and there is always the possibility we could see the gap created after the results sucked in the price action like a vacuum. At current levels the trade is down around 3.3% from the entry.

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