May 21, 2015 12:28 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.
(NYSE: WSM) shares were trading higher by $1.15 at $79.04 in Thursday's session. The catalyst for the rally is a Q1 beat for EPS and revenue, which it reported on Wednesday afternoon.That is the good news for shareholders. The bad news is that the issue is way off its after-hours high of $82.26 and down from opening print of the day at $81.00. So far, it has declined to $78.40 but rebounded into the $79 handle.It appears that investors that road out the decline in the issue from its all-time high made on March 17 ($84.75) down to its recent low at $73.14 did not want to miss another chance to sell in the $80 handle.Considering the roller-coaster ride in earnings of retailers from quarter to quarter, this may not have been a bad decision.
Editor's note: At time of publication, shares traded at $78.95, up $1.06 (1.3 percent).
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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