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Caterpillar - Catching A Reversal On A Tuesday

Tuesdays are not the best of days to look for reversals however Caterpillar jumped a modest amount which impacted the value of this series of Puts. This is a 1:36 p.m. readout. Here is it's five day chart. Now its one day chart. It would seem like kind of a random thing to do and why fight a strong stock? One reason is that the markets are only mildly up and could give back some of it's gains before the end of the day. Caterpillar could be gaining strenght based on last weeks articles talking about how Caterpillar could potential gain from this new AI movement. Notice that the five day chart is in an uptrend and notice the small open interest numbers in the Puts. No one wants to hold Puts on Caterpillar when it is in this uptrend. Could it has a soft selloff in the next two hours? Here it is now 50 minutes later. The "bid and ask" are almost unchanged. There is also not much change in the DJIA index.Now this. The DJIA is sellig off and Caterpillar is hanging ...
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Blink And A Fellow Named Al Root.

Who is this Al Root fellow? I don't know but Barron's has him on their payroll and he sure puts out a lot of interesting stuff. I have talked about Blink before only to see it get beat up. EV stocks have hit a rough patch and this stock is an EV play. But wow, look at how this stock is doing.
Now a longer term chart. So many investors have poured money into the EV space only to loose. Is this a stock to now consider?
One caveat is that stocks with this type of a chart formation often do not have a happy ending.That plus owning a stock in the three dollar range can have you feeling duped if it decides to meander along not doing very much.

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