PCAR Earnings Tuesday premarket

Looks bullish, but having issues regaining the upward channel.

Have not re-entered this trade after dumping Tuesday morning because my ES1! (SPX futures) indicators have not shown a buy signal. I think the strength this week is because of earnings next week, this did get pumptarded last quarter.

As I posted before, semi truck sales have been strong this year, so I expect PCAR to beat. The big question is guidance. Bull and bear targets both shown. Will only go long if my ES1! indicators show buy.... I get the feeling that it'll wind up being a pump and dump where it gaps up but goes red Tuesday. The only reason why I want to play it is because this has been my biggest winner the past year and a half. Can't really recommend this as a strong play.

Trade active:

THought about it this weekend, figured I've made so much money on this stock I might as well give earnings a go.

Bought some on open and added on the dip. Wanted to get in below where I sold it last time.

Earnings are a crap shoot.... in this case I'm pretty sure earnings will be good but guidance is still a question mark.

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Funny thing is, it's right at where we were last earnings, and I managed to make some money off of this in the 3 months of whipsaw. We'll see if it hits my 81 target.

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A bit surprised it broken back down below resistance, but adding some more here. Probably my final add.

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If you decide to join me for earnings, make sure you get up early tomorrow and read the guidance. I think it matters more than earnings, based on truck sales the revenue should meet. The real question is projected sales....

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Beat big but banging up against resistance, probably dumping on open

Trade closed manually:

I'm out. Made $3k on a trade I wasn't even planning on doing.

I'll take the easy birthday (tomorrow) present and take the day off. Later.

(I expect PCAR to move with the market after today, whichever way that is, lol)

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Only 12 stocks out of 100 on my board green today and this is one of them. Gotta love it. I'm out though, if you're still holding you decide your own exit plan. Good luck.

I was right about truck sales, but that wasn't hard considering industry numbers, I posted an article on my last PCAR post.

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I'm gonna answer questions before they come up, I said pump and dump because:
- The buy volume the past 3 days, obviously I wasn't the only one playing earnings
- The volume spike was a huge block EOD Friday ( 73 to 73.2 range)
- MFI is dropping hard on the daily
- PCAR typically goes red on earnings even if it's just a dip. Last quarter was an anomaly, look at previous earnings
- Every index is red today

I will still go long on PCAR as swing trades when ES1! is oversold or if it gaps down. It might get hung up at this 73 to 73.2 zone because whoever bought Friday appears to be trying to sell now.

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My short term index futures indicators just hit a buy signal. Hold if you;re still long.

Not trading tomorrow so I am not buying back in

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Surprising buy volume this afternoon, I guess 81 is still a possibility. Good luck.

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$ 82 remains a possibility still. really strange action, lol

Depends on which way the overall market goes at this point. CAT gapped down on record earnings yesterday went up today, PCAR tracks industrials more than it does auto.