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 is Scott Power's perspective on the recent down week for the S&P 500?

What does Scott mean by describing the government's resolution as a 'temporary band aid'?

What are Scott's expectations for the earnings reports from major tech companies next week?

How does Scott view the potential impact of upcoming earnings reports on the market?

What strategy is Scott using with Caterpillar's stock, and what is his outlook?