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 "The Final Call," Carter Worth said he wants to buy utilities and energy. He named Utilities Select Sector SPDR Fund (NYSE:XLU) and Energy Select Sector SPDR Fund (NYSE:XLE).
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Mike Khouw of Optimize Advisors said that he likes both these picks. “You can either use call spread risk reversals or just call spreads to make these bets,” he added.
XLU, XLE Price Action: The Utilities Select Sector SPDR Fund gained 0.4% to settle at $77.38 on Friday, while the Energy Select Sector SPDR Fund added 2.49% to close at $80.60.
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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