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.
U.S. indices were trading higher across the board Wednesday as stocks rebounded following recent selloffs.
- The SPDR S&P 500 ETF Trust (NASDAQ:SPY) closed higher by 0.95% at $416.07.
- The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) also finished higher by 0.86% at $339.29.
- The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished higher by 0.94% at $341.30.
Here are the day's winners and losers from the SPY, according to data from Benzinga Pro.
Leaders for the SPY were from reopening and a 5G plays: Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), Carnival Corp (NYSE:CCL) and DISH Network Corp (NASDAQ:DISH).
Norwegian Cruise Line shares were trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and raised its price target from $27 to $37 per share. Carnival shares were trading higher after Goldman Sachs raised its price target on the stock from $21 to $26.
DISH Network shares were trading higher after the company selected AWS as a preferred cloud provider to build a cloud-based, 5G Open Radio Access Network.
Netflix Inc (NASDAQ:NFLX), Oracle Corporation (NASDAQ:ORCL) and Halliburton Company (NYSE:HAL) were among the most hammered names.
Netflix shares were trading lower after the company issued second-quarter sales guidance below estimates. The company also reported it finished Q1 with 208 million paid memberships, up 14% year over year but below the company forecast of 210 million.
Oracle shares were trading lower after DZ Bank downgraded the stock from Buy to Hold and announced a price target of $80 per share.
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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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