June 24, 2015 10:32 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 declined 0.12 percent to 18,123.18, the broader Standard & Poor's 500 index moved up 0.03 percent to 2,124.89 and the NASDAQ composite index rose 0.07 percent to 5,163.62.The industries that are supporting the market today are:
General Entertainment: This industry moved up 1.6 percent by 10:30 am. The top performer in this industry was
Carnival plc (ADR) (NYSE: CUK), which gained 2.4 percent. On Tuesday, Carnival reported better-than-expected earnings for the first quarter, but issued weak earnings forecast for the current quarter.
Copper: The industry gained 1.1 percent by 10:30 am. The top performer in this industry was
Freeport-McMoRan Inc (NYSE: FCX), which gained 3.1 percent. Freeport-McMoRan's trailing-twelve-month revenue is $20.61 billion.
Electronic Equipment: This industry rose 1 percent by 10:30 am ET. The top performer in this industry was
Skullcandy Inc (NASDAQ: SKUL), which gained 1.3 percent. Skullcandy's PEG ratio is 1.39.
Electronics Stores: This industry jumped 0.8 percent by 10:30 am. The top performer in this industry was
GameStop Corp. (NYSE: GME), which rose 2.5 percent. GameStop shares have jumped 10.32 percent over the past 52 weeks, while the S&P 500 index has gained 8.40 percent 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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