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.
Advanced Micro Devices, Inc. (NASDAQ:AMD) and NVIDIA Corporation (NASDAQ:NVDA) shares are trading higher and seeing marked strength Thursday afternoon.
Shares of several companies in the broader tech sector are trading higher amid overall market strength following Credit Suisse's announcement of a loan from the Swiss National Bank and reports of banks discussing a capital infusion into First Republic.
Recent instability concerns in the financial and banking sector have weighed on the overall market, putting future Fed policy into question.
See Also: Nvidia Stock Follows AMD Higher, Breaks Through Heavy Resistance: A Look At The Chart
What's Going On With Credit Suisse?
Credit Suisse said it is taking decisive action to pre-emptively strengthen its liquidity by intending to exercise its option to borrow from the Swiss National Bank (SNB) up to $54 billion (50 billion Swiss Francs).
The borrowing would be done under a covered loan facility as well as a short-term liquidity facility, which is fully collateralized by high-quality assets...Read More
According to data from Benzinga Pro:
- AMD is trading higher by 6.89% to $95.86
- NVDA is higher by 4.35% to $252.82
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!