The SPY (S&P 500 ETF) has been in a long-term upward trend, approaching all-time highs, and has seen a 2.3% increase as of January 21st, 2025.
Industrial stocks and Caterpillar (CAT) are once again on the rise as well.
Here is our process for finding trades in CAT stock:
- Identify market sectors also experiencing upward trends.
- Identify specific assets within these uptrending sectors that are signaling “buy” trade ideas, potential Target 1 (T-1) and Target 2 (T-2) profit price objectives, and suggested stop-loss levels.
Example:
Industrials Sector (XLI) – Industrial Select Sector SPDR Fund:
The Industrials Sector (XLI) has been in an uptrend for 295 days (green up trend arrow) and has recently flashed a fresh “trade” idea (T-Signal).
Given that the Industrials Sector is in a defined longer-term uptrend and is showing a recent ‘buy’ trade idea signal:
We can also swiftly search within the XLI sector for additional opportunities to identify individual stocks that are uptrending and showing recent ‘buy’ trade ideas.
Example:
Caterpillar (CAT):
We can see above that our software (Market Rover) signaled a CAT “buy” trade idea (up white arrow – day zero start) on January 17th, 2025.
The following trading day, CAT did the following:
- Gapped up and opened at $391.00
- Hit Target 1 (T-1) at $397.60
- Moved up to a high of $402.58 intra-day
- Closed at $398.36
With further upward momentum in CAT, we could see price potentially reaching the Target-2 (T-2) level around $405.32 in the near-term.
There are other stocks within the industrial sector to get excited about. The best way to find them is with Market Rover.
Click HERE to get Market Rover and find more industrial stocks (and others) in just a few clicks!
Happy Trading!
