August 7, 2015 10:41 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 dropped 0.40 percent to 17,349.97, the broader Standard & Poor's 500 index moved down 0.32 percent to 2,076.80 and the NASDAQ composite index fell 0.41 percent to 5,035.67.The industries that are still afloat in the market today are:
Toy & Hobby Stores: This industry moved up 2.7 percent by 10:30 am. The top performer in this industry was
Build-A-Bear Workshop, Inc (NYSE: BBW), which gained 2.7 percent. Build-A-Bear's PEG ratio is 0.49.
Silver: The industry gained 1.8 percent by 10:30 am. The top performer in this industry was
Mines Management, Inc. (NYSE: MGN), which gained 12.7 percent. Silver futures gained 1.55 percent to $14.91 an ounce.
Movie Production, Theaters: This industry rose 1.7 percent by 10:30 am ET. The top performer in this industry was
Lions Gate Entertainment Corp. (USA) (NYSE: LGF), which gained 4.8 percent. Lions Gate reported upbeat Q1 earnings.
Nonmetallic Mineral Mining: This industry jumped 1.2 percent by 10:30 am. The top performer in this industry was
Yanzhou Coal Mining Co Ltd (ADR) (NYSE: YZC), which rose 5.1 percent. Yanzhou Coal Mining shares have dropped 35.85 percent over the past 52 weeks, while the S&P 500 index has gained 7.87 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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