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," Cerity Partners' Jim Lebenthal picked Berkshire Hathaway Inc. (NYSE: BRK-B) (NYSE: BRK-A). When it comes to the Warren Buffett-led firm, you "just push the easy button, you don't have to worry about corrections, challenges or anything," Lebenthal said.
On Feb. 28, UBS analyst Brian Meredith maintained Berkshire Hathaway with a Buy and raised the price target from $435 to $477.
Shannon Saccocia of NB Private Wealth picked iShares Core S&P Small-Cap ETF (NYSE:IJR) saying "small-caps, but profitable ones that are able to grow their earnings against this backdrop."
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Joshua Brown of Ritholtz Wealth Management named iShares U.S. Oil & Gas Exploration & Production ETF (NYSE:IEO) as his final trade.
Crude oil inventories in the U.S. increased by 3.165 million barrels in the week ended March 22, compared to market estimates of a 1.275 million decline, the Energy Information Administration said. The total number of active U.S. oil rigs fell by 3 rigs this week, Baker Hughes Inc reported. WTI crude oil for May delivery gained $1.82 to settle at $83.17 per barrel on Thursday.
Price Action:
- Berkshire Hathaway shares gained 0.9% to settle at $420.52 on Thursday.
- iShares Core S&P Small-Cap ETF gained 0.5% on Thursday.
- iShares U.S. Oil & Gas Exploration & Production ETF rose 1.3% during Thursday’s session.
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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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