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.
The S&P 500 closed higher on Thursday, driven by a rally in rally in Alphabet Inc (NASDAQ:GOOGL) and Microsoft Corp (NASDAQ:MSFT) shares.
The Labor Department said initial jobless claims dropped to 228,000 for the week ended April 1, compared to expectations of a reading of 200,000.
On Friday, the Labor Department reported the U.S. economy added 236,000 jobs in March, just shy of economist estimates of 240,000 new jobs. U.S. wages grew 4.2% year-over-year, while the unemployment rate ticked lower from 3.6% to 3.5%.
Big banks, including Citigroup Inc. (NYSE:C), Wells Fargo & Co (NYSE:WFC) and JPMorgan Chase & Co (NYSE:JPM) are scheduled to report earnings this week.
Majority of the sectors on the S&P 500 closed on a positive note, with communication services and utilities stocks recording the biggest gains on Thursday. However, energy stocks bucked the overall market trend, losing around 1.5% during the session.
The Nasdaq 100 gained 0.74% to close at 13,062.60 on Thursday.
The S&P 500 rose 0.36%, while the Dow Jones added 0.01% to 33,485.29 in the previous session.
For the week, the S&P 500 lost 0.1%, while the Dow gained 0.6%
The Chicago Board Options Exchange's CBOE Volatility Index (VIX) fell 3.6% to 18.40 points on Thursday.
What is CBOE Volatility Index?
The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market's expectation of volatility based on S&P 500 index call and put options.
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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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