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.
Nvidia Corp (NASDAQ:NVDA) stock is trading lower Friday in line with the broader index SPDR S&P 500 (NYSE:SPY) and Invesco QQQ Trust, Series 1 (NASDAQ: QQQ).
While Nvidia remains jittery over supply chain constraints as it balanced out surging artificial intelligence demand, reports indicated Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) postponing the delivery of high-end chipmaking equipment.
TSMC, a key Nvidia supplier, postponed production at its Arizona plant to 2025 due to recruitment difficulties and union opposition, adding incremental pressure on the contract chipmaker on top of the global chip shortage.
On a positive note, British chip designer Arm Holdings Plc (NASDAQ:ARM) gained 25% on its trading debut on Thursday, reaching a market cap of ~$68 billion.
Arm's price-to-earnings ratio reached close to 170 vs. Nvidia's 110, which emerged as the biggest AI beneficiary thanks to its graphics processing units (GPUs) that helped to run artificial intelligence workloads.
Price Action: NVDA shares traded lower by 1.67% at $448.21 on the last check Friday.
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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