October 27, 2014 10:49 AM | 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.
At 10:30 am, the Dow gained 0.01% to 16,807.44, the broader Standard & Poor's 500 index moved down 0.14% to 1,961.91 and the NASDAQ composite index fell 0.14% to 4,477.61.The industries that are supporting the market today are:
Toy & Hobby Stores: The industry gained 5.55% by 10:30 am. The top performer in this industry was Build-A-Bear Workshop (NYSE: BBW), which gained 5.8%. Build-A-Bear's PEG ratio is 0.92.
Semiconductor- Memory Chips: This industry moved up 3.35% by 10:30 am. The top performer in this industry was Ingram Micron Technology (NASDAQ: MU), which gained 2.8%. Micron announced a new $1 billion stock repurchase authorization.
Drugs Wholesale: This industry jumped 1.02% by 10:30 am. The top performer in this industry was Omnicare (NYSE: OCR), which rose 0.66%. On Friday, Omnicare reported upbeat quarterly earnings.
Publishing - Periodicals: This industry rose 0.81% by 10:30 am ET. The top performer in this industry was Reed Elsevier NV (NYSE: ENL), which gained 1.7%. Reed Elsevier shares have gained 7.88% over the past 52 weeks, while the S&P 500 index has surged 11.64% in the same period.
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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