$cat The big CAT has lost its bite. Bearish

Caterpillar is really flattering in what has been a very bullish market, that alone creates a bearish sentiment in the name. We see nothing positive in the chart with considerable downside likely. We see $133 as critical support if that breaks next stop is $129 and possibly $120. News from the China trade talks could odd course send the stock on a bull run higher so trade with caution.