June 17, 2011 12:33 PM | 1 min read
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
The agricultural stocks, including Potash Corp. of Saskatchewan (NYSE: POT) have given up their gains from earlier this morning.Numerous analysts came out this morning saying that the negative sentiment caused by the Senate vote yesterday to end subsidies and tariffs on ethanol was an overreaction. TD Newcrest went so far as to upgrade Potash to Buy, saying that yesterday's weakness should be seen as a buying opportunity.Other names in the space have dropped from their morning highs, and are now negative on the session. CF Industries (NYSE: CF), The Mosaic Company (NYSE: MOS) and Agrium Inc. (NYSE: AGU) are all lower as well.The equipment names, such as Deere (NYSE: DE) and CNH Global N.V. (NYSE: CNH) are holding on to small gains. Yesterday, the Senate voted 73-27 in favor of ending the subsidies on ethanol.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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