September 9, 2015 10:33 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 0.36 percent to 16,551.48, the broader Standard & Poor's 500 index moved up 0.36 percent to 1,976.52 and the NASDAQ composite index rose 0.40 percent to 4,831.29.The industries that are driving the market today are:
Apparel Stores: This industry jumped 5.1 percent by 10:30 am. The top performer in this industry was
Abercrombie & Fitch Co.(NYSE: ANF), which rose 1.7 percent. Abercrombie & Fitch's PEG ratio is 1.16.
Foreign Money Center Banks: This industry rose 1.7 percent by 10:30 am ET. The top performer in this industry was
HSBC Holdings plc (ADR) (NYSE: HSBC), which gained 2.5 percent. HSBC shares have dropped 27.04 percent over the past 52 weeks, while the S&P 500 index has slipped 1.32 percent in the same period.
Catalog & Mail Order Houses: This industry moved up 1.6 percent by 10:30 am. The top performer in this industry was
Vipshop Holdings Ltd - ADR (NYSE: VIPS), which rose 4.9 percent. Vipshop's trailing-twelve-month ROE is 42.01 percent.
Foreign Utilities: The industry gained 1.6 percent by 10:30 am. The top performer in this industry was
CPFL Energia S.A. (ADR) (NYSE: CPL), which gained 3.4 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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