Economic bellwether Caterpillar (CAT) reported disappointing revenue numbers this morning and the stock is under pressure:

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CAT_Daily_7.24.2014

 Breaking the large rising wedge to the downside - support exists near $105 and then at the May lows in the $100-$101 area

In its earnings press release Caterpillar attributed much of the top line weakness to continued deterioration in mining cap-ex:

"We expect mining companies will continue to be cautious about resuming equipment investments, and we expect mining capital expenditures in 2014 to be below 2013,"

Read also:

Forbes - Caterpillar Raises Forecast, But Falling Sales Clip Stock

Marketwatch - The worrisome economic message from Caterpillar