How Prosper Trading Academy's CEO Is Trading Caterpillar Ahead of Earnings

Scott Power from Prosper Trading Academy discusses the recent down week for the S&P 500, attributing it to market consolidation rather than a significant downturn. He highlights the upcoming earnings reports from major tech companies like Apple and Facebook, suggesting that moderate guidance could positively impact the market. Scott also shares his trading strategy for Caterpillar, focusing on a put spread to manage risk while expressing a willingness to own the stock long-term.

What does Scott Power suggest about the recent down week for the S&P 500?

• It is a healthy consolidation.

• It is a sign of a market crash.

• It indicates a strong market recovery.

• It is irrelevant due to upcoming earnings reports.

How does Scott Power view the government's resolution of the shutdown?

• As a permanent solution.

• As a temporary band aid.

• As a major market influencer.

• As a reason for market optimism.

What is Scott's expectation for the tech sector's earnings reports?

• Gangbusters blowout earnings.

• Significant losses across the board.

• Complete market indifference.

• Moderate guidance without negative outlooks.

What is Scott's approach to trading Caterpillar?

• Short selling the stock.

• Selling a put spread.

• Investing in ETFs.

• Buying call options.

Why is Scott comfortable with his Caterpillar trading strategy?

• He believes the stock will never go lower.

• He is risk-defined and willing to own the stock.

• He expects a huge upside move.

• He has insider information.