August 10, 2015 10:54 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 climbed 1.08 percent to 17,560.56, the broader Standard & Poor's 500 index moved up 0.99 percent to 2,098.16 and the NASDAQ composite index rose 0.82 percent to 5,085.05.The industries that are driving the market today are:
Nonmetallic Mineral Mining: This industry moved up 2.7 percent by 10:30 am. The top performer in this industry was
Rhino Resource Partners, L.P. (NYSE: RNO), which gained 22 percent. Rhino Resource Partners shares have dropped 91.80 percent over the past 52 weeks, while the S&P 500 index has gained 7.26 percent in the same period.
Building Materials Wholesale: The industry gained 2.2 percent by 10:30 am. The top performer in this industry was
Louisiana-Pacific Corporation (NYSE: LPX), which gained 2.3 percent. Louisiana-Pacific's trailing-twelve-month revenue is $1.96 billion.
Metal Fabrication: This industry rose 2.1 percent by 10:30 am ET. The top performer in this industry was
Precision Castparts Corp. (NYSE: PCP), which gained 19 percent. Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) agreed to acquire Precision Castparts in a transaction valued at $37.2 billion, including debt.
Computer Peripherals: This industry jumped 1.9 percent by 10:30 am. The top performer in this industry was
Mad Catz Interactive, Inc. (USA) (NYSE: MCZ), which rose 9.7 percent. Mad Catz is expected to report FQ1 results on August 13.
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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