July 30, 2010 4:37 PM | 1 min read
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.
B2B Internet HOLDRs (ETF) (NYSE: BHH) led the decliners among the ETFs today. BHH fell 10.14%, as Ariba, Inc. (NASDAQ: ARBA) dropped 9.16%. ARBA reported earnings on Thursday after the bell, and the stock got hit despite better than expected results. Direxion Funds Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE: TMV) fell 4.66%, and closed at $41.54. TMV had a volume of 512K traded shares.ProShares UltraShort Silver (ETF) (NYSE: ZSL) fell 4.07%, as silver added more than 2%. ZSL closed at $34.17, and had a volume of 469K shares.Claymore/MAC Global Solar Index (ETF) (NYSE: TAN) fell 3.30%, as First Solar, Inc. (NASDAQ: FSLR) dropped 7.42%. Trina Solar Limited (ADR) (NYSE: TSL) also traded lower, it fell 1.18%.
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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