Bought PCAR toady on that second dip today, I was kicking myself yesterday for no going long at open.
Anyways, based on yesterday's action, I'm convinced it wants a gap fill before earnings. It may even retest the top. First, it's gotta get over that resistance at $87, hopefully the market gaps up tomorrow for Ponzi 401k paypday Friday.
If you trade PCAR, you may want to follow my ES1! posts, I mention it quite frequently, but don't always post plots.
Anyways, based on yesterday's action, I'm convinced it wants a gap fill before earnings. It may even retest the top. First, it's gotta get over that resistance at $87, hopefully the market gaps up tomorrow for Ponzi 401k paypday Friday.
If you trade PCAR, you may want to follow my ES1! posts, I mention it quite frequently, but don't always post plots.
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CPI release next Thu is supposed to come in pretty low, bullish on everything next week.
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Bought some this morning as a gap fill play because it went down $1 with an open gap. I guess I'm holding that too, lol.
Gap fill seems like a forgone conclusion at this point, wondering if it retests $90 ATH.
Gap fill seems like a forgone conclusion at this point, wondering if it retests $90 ATH.
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I'm looking at the ES1! (SPX futures) chart, daily indicators on ES and SPX implies a rally ahead, which means PCAR could break out
Might hold until earnings, will decide next week.
Might hold until earnings, will decide next week.
Trade closed manually:
Got stuff to do today. Still think it gets that gap fill but don;t have time to watch the market all day. Mdade some money, good enough.
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Honestly, I think we would have gotten that gap fill Monday if not for Hamas. I can't predict news, much less an invasion especially when Mossad can't.
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Looks like Hamas killed the gap fill play, PCAR chart looks awful similar to Bitcoin chart this week.
PCAR stockholders are apparently very risk averse.... so kinda makes sense.
PCAR stockholders are apparently very risk averse.... so kinda makes sense.