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.
Following the market opening Monday, the Dow traded down 0.28% to 26859.51 while the NASDAQ fell 0.26% to 8096.92. The S&P also fell, dropping 0.19% to 2,986.40.
Leading and Lagging Sectors
Consumer staples shares climbed 0.4% on Monday. Meanwhile, top gainers in the sector included PriceSmart, Inc. (NASDAQ:PSMT), up 15%, and 111 Inc - ADR (NASDAQ:YI), up 6%.
In trading on Monday, health care shares fell 0.3%.
Top Headline
Arotech Corporation (NASDAQ:ARTX) agreed to be acquired for by Greenbriar for $3.00 per share in cash, representing an aggregate equity value of approximately $80.8 million.
The cash consideration represents around 32.7% premium over Arotech’s closing share price on September 20, 2019.
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Equities Trading UP
Plus Therapeutics Inc (NASDAQ:PSTV) shares shot up 55% to $12.45 after the company received $4.6 million in reimbursements from BARDA for the company's work from 2012 through 2019.
Shares of Arotech Corporation (NASDAQ:ARTX) got a boost, shooting up 31% to $2.95 after the company announced it would be acquired by Greenbriar for $3 per share in cash.
Avadel Pharmaceuticals PLC (NASDAQ:AVDL) shares were also up, gaining 51% to $5.09 after the company announced an FDA agreement to reduce the sample size for its ongoing Phase 3 study of Once-Nightly FT218.
Equities Trading DOWN
Reebonz Holding Ltd (NASDAQ:RBZ) shares tumbled 32% to $1.76 after the company reported its first half sales of 2019 lower than last year.
Shares of Onconova Therapeutics Inc (NASDAQ:ONTX) were down 22% to $1.25. Onconova Therapeutics reported 2.136 million share registered direct offering of common stock, priced at $1.60 per share.
Akcea Therapeutics Inc (NASDAQ:AKCA) was down, falling 20% to $18.02 after the company announced the departure of its CEO, COO, and president.
Commodities
In commodity news, oil traded down 0.5% to $57.80, while gold traded up 0.6% to $1,524.30.
Silver traded up 3.2% Monday to $18.415, while copper fell 1% to $2.58.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 0.8%, the Spanish Ibex Index fell 1.1%, while Italy’s FTSE MIB Index slipped 1.2%. Meanwhile, the German DAX dropped 1.1%, and the French CAC 40 declined 1.1% while UK shares fell 0.4%.
Economics
The Chicago Fed National Activity Index increased to 0.10 in August, versus a revised reading of -0.41 in the prior month. However, analysts were expecting a reading of -0.35.
The IHS Markit flash manufacturing PMI climbed to 51.0 in September, versus a reading of 50.3 in the prior month
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
St. Louis Federal Reserve Bank President James Bullard will speak in Effingham, Illinois at 1:00 p.m. ET.
San Francisco Federal Reserve Bank President Mary Daly is set to speak in Salem, Oregon at 2:30 p.m. ET.
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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