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.
On CNBC’s “Halftime Report Final Trades,” Bryn Talkington of Requisite Capital Management recommended JPMorgan Equity Premium Income ETF (NYSE:JEPI) “if you want to upgrade your portfolio, defensive strategy, equal-weight strategy, high quality names, call premiums, distributable yield of around 10% to ride out the volatility.”
Kourtney Gibson of Loop Capital Markets chose Starbucks Corporation (NASDAQ:SBUX), citing the reopening in China, the fact that CEO Howard Schultz “wastes no time getting us back to basics” and the massive share price decline. Shares of Starbucks have lost over 37% year to date.
Check out other undervalued stocks making big moves in the premarket.
Joseph Terranova of Virtus Investment Partners named Interactive Brokers Group, Inc. (NASDAQ:IBKR) as his final trade. He said he plans to put a stop below $50. “It’s probably given me too much of a loss, more than I wanted to incur. I want to cut that loss below $50,” Terranova added.
Stephen Weiss of Short Hills Capital Partners said he was “doubling down shorting Bitcoin” and cited Grayscale Bitcoin Trust (OTC:GBTC).
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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