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.
From Friday's action, we have breadth wanting a little upside.
Our Zweig is up and over the 40. That starts a Zweig thrust countdown. We would like to see it go back below 40 again, however, for a 2nd countdown. We don't think this market is ready to rip another bull run just yet. We need to see a little floundering first.
The CVI not as excited as the Zweig:
The 40 DPI is making a turn of its own:
Disappointing on the NHs/NLs. If we can keep this gap, we should see a nice +25 on today's reading:
Our Trenders remain bearish. Surprise…
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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