John Deere earnings & another short trade idea

John Deere (DE) reported their earnings and they beat on the quarter EPS but forward guidance was mixed. We may see Caterpillar (CAT) trade up in sympathy but there is significant resistance at $78.00 and at $79.00

If CAT makes it up to $79 and appears to be rolling over then take a 1/2 swing short. When CAP drops below $76.00 go in the remaining short position. There is too much fear in the markets to sustain any advances. If CAT can't push above $70 then there too many people selling to get out and used the advance to get out.

Another short trade idea. Wind River Systems (WIND) is a mess of a stock. There is very light pre market trading (so far) on WIND taking it up to resistance $9.60. See chart for my short trade idea plan. WIND is trading up on speculation that the company is up for sale, and that IBM may be interested. But rumors in this type of market could give us a nice pop to take advantage of. If the price moves up to resistance and can't get through then then people are not buying the rumor of a buyout and still want to sell it down. Will be a battle between those who beleive and those who don't beleive.