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. stocks traded lower toward the end of trading, with the Nasdaq Composite dropping over 50 points on Monday.
The Dow traded down 0.25% to 31,421.96 while the NASDAQ fell 0.71% to 11,524.79. The S&P also fell, dropping, 0.33% to 3,898.77.
Also check this: U.S. Durable Goods Orders And Other Macro Issues For Monday
Leading and Lagging Sectors
Energy shares jumped by 2.9% on Monday. Meanwhile, top gainers in the sector included Borr Drilling Limited (NYSE:BORR), up 12% and Ranger Oil Corporation (NASDAQ:ROCC) up 11%.
In trading on Monday, communication services shares fell by 1%.
Top Headline
U.S durable goods orders rose 0.7% month-over-month in May, recording the third straight month of gain and exceeding market estimates of a 0.1% rise.
Equities Trading UP
NeuroSense Therapeutics Ltd. (NASDAQ:NRSN) shares shot up 62% to $2.7250 after the company reported results from a stage III ALS Biomarker study evaluating PrimeC. Preliminary results showed levels of disease-related biomarkers in people with ALS were steady, in contrast to a statistically significant decline portrayed in biomarkers when PrimeC was administered.
Shares of Evofem Biosciences, Inc. (NASDAQ:EVFM) got a boost, shooting 143% to $0.9023 amid the Supreme Court overturning Roe V Wade. Evofem's Phexxi vaginal gel is a contraceptive that can be applied zero to 60 minutes prior to each act of intercourse. Phexxis is a combination of lactic acid, citric acid and potassium bitartrate and is the first and only hormone-free, on-demand prescription contraceptive vaginal gel.
Acutus Medical, Inc. (NASDAQ:AFIB) shares were also up, gaining 116% to $1.1609 after the company announced the commercial launch of its left-heart access products.
Equities Trading DOWN
Borqs Technologies, Inc. (NASDAQ:BRQS) shares tumbled 24% to $2.1691 following effect of 1:16 reverse stock split.
Shares of Powerbridge Technologies Co., Ltd. (NASDAQ:PBTS) were down 32% to $11.63.
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) was down, falling 11% to $11.63 amid post-SPAC merger volatility following the company's Friday debut as a public company.
Also check out: Nike, Jefferies + 3 Stocks To Watch Heading Into Monday
Commodities
In commodity news, oil traded up 2.5% to $110.28, while gold traded down 0.2% to $1,826.00.
Silver traded up 0.2% to $21.17 on Monday while copper rose 0.4% to $3.7535.
Euro zone
European shares closed mixed today. The eurozone’s STOXX 600 rose 0.52%, London’s FTSE 100 rose 0.69% while Spain’s IBEX 35 Index fell 0.02%. The German DAX gained 0.52%, French CAC 40 fell 0.43% and Italy’s FTSE MIB Index fell 0.86%.
Economics
U.S durable goods orders rose 0.7% month-over-month in May, recording the third straight month of gain and exceeding market estimates of a 0.1% rise.
The pending home sales index rose to 99.90 in May from prior reading of 99.20.
Check out this: U.S. Stock Futures Higher Following Friday's Rally
Check out our premarket coverage here
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 88,794,280 cases with around 1,040,800 deaths. India confirmed a total of at least 43,407,040 cases and 525,020 deaths, while Brazil reported over 32,078,630 COVID-19 cases with 670,450 deaths. In total, there were at least 549,063,210 cases of COVID-19 worldwide with more than 6,351,060 deaths.
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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