Buy CAT and BA On Pullbacks, Using the
Following Limit Orders …
As noted in the main article, a pullback is coming in the first quarter of 2017 in the major U.S. equity averages and I want you to be ready to buy.
The pullback could come swiftly and surprisingly. Far better to have a strategy in place especially for what I consider to be two of the top blue chips in the world.
My recommendations:
- Place a standing good-till-canceled order using 5 percent of your funds allocated to the Materials, Energy & Ags section and buy shares in Caterpillar Inc., symbol CAT, at $84 or better. When filled, place a good-till-canceled protective sell-stop at $68.71.
Currently trading at roughly $95, I believe CAT will be a major beneficiary of Trump’s huge infrastructure upgrades, which are indeed coming. Up to $1 trillion worth. Buying CAT on its coming pullback is a no-brainer in my opinion.
- Place a standing good-till-canceled order using 5 percent of your funds allocated to the Materials, Energy & Ags section and buy shares in Boeing, symbol BA, at $140 or better. When filled, place a good-till-canceled protective sell-stop at $117.72.
Boeing has already hit record highs of $158.83. But it will pull back, likely to $140 or slightly lower.
And never mind Trump’s recent threat to cancel the new $4 billion Air Force One. Personally, I think it’s about time someone stood up in Washington and cancelled an unnecessary expenditure. Surely there is a way to upgrade the current Air Force One for far less.
These are two no-brainer recommendations I want you to have ready when the overall market pullback comes. There will be many newer opportunities in this section as 2017 unfolds.
