May 27, 2010 1:45 PM | 1 min read
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.
By 11:59 am, the Dow had added 216.97 points, or 2.18%, to 10,191.42 and the broader Standard & Poor's 500 index had risen 26.38 points, or 2.47%. The Nasdaq composite index gained 58.51 points, or 2.66%.The industries that are driving the market keep today are:Broadcasting-Radio: The top gainer of the day, this industry added 8.24% by 11:42 am. The top performer in this industry, Spanish Broadcasting System Inc (NASDAQ: SBSA), rose by 11.87%. SBSA is a Hispanic-controlled media and entertainment company in the US. It is the owner and operator of 21 radio stations and 2 television stations under MegaTV brand name.Data Storage Devices: This industry climbed 6.94% by 11:42 am. The top gainer within the industry, NetApp Inc (NASDAQ: NTAP), added 17.76%. NTAP’s fiscal Q4 profit more than doubled, led by strong demand for data storage systems.Industrial Metals & Minerals: This industry moved up 6.62% by 11:22 am, with Nanophase Technologies Corp (NASDAQ: NANX) climbing 8.90% to gain the top spot. NANX develops, manufactures and sells engineered nano-material products primarily in North America.Steel & Iron: The industry, which rose 6.19%, has the top gainer in the form of Schnitzer Steel Industries Inc (NASDAQ: SCHN), which has gained 7.89%. SCHN has dropped 13.03% over the past 52 weeks, while the S&P 500 has climbed 19.58% over the same period.Read more
from Benzinga's Markets.
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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