March 20, 2015 6:48 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.
, Brian Kelly said that
China Mobile Ltd. (ADR) (NYSE: CHL) is a bet on China and since the China is slowing he doesn't want to buy the stock.
China Mobile Ltd. dropped 4.23 percent and Kelly doesn't see a buying opportunity. He would stay away from the stock. Jon Najarian explained that
Guess?, Inc. (NYSE: GES) traded 16.01 percent higher because Old Navy was off the charts. He added that a big short interest had some impact too.Karen Finerman sees more room on the downside in
Cullen/Frost Bankers, Inc. (NYSE: CFR). She wouldn't buy the stock. Guy Adami thinks that
Nucor Corporation's (NYSE: NUE) guidance was a disaster. The stock fell 6.43 percent to $46.10 and it seems to Adami that it is going to $42.
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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