Half Off of the Big Cat; Chess Moves

I covered half of my CAT short here at $79.46 from the $83.03 entry a few weeks back I noted in this blog post, in order to scale gains.

I trailed my stop down to my entry price. 

Caterpillar remains weak and is flirting with a multi-year breakdown below the $78-$80 area, which is an important level dating back nearly a decade.

And as much as I would like to press for a breakdown, I am still staying methodical managing my short positions until the broad market shows more signs of a true correction playing out which does not see dip-buyers rewarded.