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.
On CNBC’s "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management said North Shore Global Uranium Mining ETF (NYSE:URNM) has fallen from the $58 level. "We will continue to talk about clean energy and it's a good time to get an entry point" into URNM, she added.
Josh Brown of Ritholtz Wealth Management picked JPMorgan Chase & Co. (NYSE:JPM). "If you're looking to invest in the large banks, that's where I would be," he added.
JPMorgan CEO Jamie Dimon once again expressed concerns about a U.S. economic recession (his own CFO doesn't seem to agree).
Dimon, 67, voiced similar concerns before in recent years. His latest comments on economic trends came during the JPMorgan High Yield and Leveraged Finance Conference in Miami on Monday. He later told CNBC that he's "cautious about everything."
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Joe Terranova of Virtus Investment Partners said Steel Dynamics, Inc. (NASDAQ:STLD) is breaking out further.
On Feb. 26, Steel Dynamics announced a first-quarter cash dividend increase from 42.50 cents per share to 46 cents per share.
Jim Lebenthal of Cerity Partners said Qualcomm Inc. (NASDAQ:QCOM) is about to hit a new two-year high.
On Jan. 31, Qualcomm reported first-quarter revenue of $9.94 billion, which was up 5% year-over-year. The revenue total beat a Street consensus estimate of $9.52 billion.
Price Action:
- North Shore Global Uranium Mining ETF gained 2.6% on Monday.
- JPMorgan shares fell 0.3% to close at $183.36 during Monday’s session.
- Steel Dynamics rose 3.2% to close at $131.07 on Monday.
- Qualcomm shares gained 1.4% to close at $157.03.
Check This Out: Top 3 Defensive Stocks That May Collapse In February
Image: Shutterstock
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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