hungry_hippo

PCAR Update

hungry_hippo מעודכן   
NASDAQ:PCAR   PACCAR Inc.
Looks like crap today, lol. I did post that I sold all my shares yesterday morning right after I sold.

Bull scenario is still the green line but it looks just the same as it did when it failed to break out and tanked on bank news. Overlay is that drop.

Even with my bear scenario, it still gets a pre-earnings pump like last quarter, so there's a chance to play that when it hits support at the $64 or 65 range. That pump would then create the right shoulder in a H&S pattern.

Time to look for a new stock to play I guess (bummer). I'm still inclined to play any gaps.
הערה:
Note: CAT is a better short if you trade options because liquidity is better and it has weekly options. Not to mention CAT usually goes down when the DOW does.

Also PCAR chart pattern looks just like last April.
עסקה פעילה:
Buying this dip and playing the gap fill again. Just 1k shares, leaving room to add in case it double gaps again like last time
הערה:
My overlay has this going to $70 on the next market bounce even if it doesn't fill the gap
הערה:
Not adding because I bought SPY/QQQ this morning. I don't want to go all in with a long weekend coming. If I was gonna add, it'd be QQQ. I think they pump the crap out of tech to get the ES1! gap fill.

Industrials need a dead CAT bounce, literally. CAT dragging the sector down. Still have $70 as a target for the bounce, maybe a gap fill.
הערה:
Thought about dumping this today, but if job numbers are good tomorrow then industrials will probably rally Monday and tech will be weak. Just gonna hold everything (PCAR/SPY/QQQ) and figure it out Monday, lol.
העסקה בוטלה באופן ידני:
Dumped everything when I broke even between all my positions, PCAR looks like it's gonna repeat that double gap, so gonna be patient.
הערה:
Gap filled, kicking myself for not holding, lol.

Next time I'll have more confidence. The dead CAT did bounce after all. CAT calls would have been rather profitable this week.

(I think that's enough CAT puns for a day, meow.)
הערה:
Looks kinda bearish this afternoon, if we see a dip tomorrow morning, I'm buying. Class 8 sales are up this year:

wardsintelligen...-Gain-Q1-Up-131?utm_source...

Earnings on Monday.
עסקה פעילה:
Probably a FOMO move but I did buy a few hundred shares for earnings next week.
העסקה בוטלה באופן ידני:
Took the easy money, hit resistance at 74
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