January 28, 2016 10:06 AM | 2 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.
Following the market opening Thursday, the Dow traded up 0.64 percent to 16,046.33 while the NASDAQ climbed 0.94 percent to 4,510.07. The S&P also rose, gaining 0.77 percent to 1,897.43.
Leading and Lagging SectorsOn Thursday, energy shares rose by 3.65 percent. Meanwhile, top gainers in the sector included
Stone Energy Corporation (NYSE: SGY), up 15 percent, and
Vanguard Natural Resources, LLC (NYSE: VNR) up 12 percent. In trading on Thursday, healthcare shares dipped by 0.39 percent. Meanwhile, top losers in the sector included
Incyte Corporation (NASDAQ: INCY), down 9 percent, and
Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX), down 8 percent.
Top HeadlineFord Motor Company (NYSE: F) reported better-than-expected fourth quarter results.Ford earned $0.58 per share in its fourth quarter on revenue of $37.90 billion. Wall Street analysts were expecting the company to earn $0.51 per share on revenue of $36.40 billion.Ford also announced it will invest $4.5 billion by 2020 in electric solutions.
Equities Trading UP Neos Therapeutics Inc (NASDAQ: NEOS) shares shot up 46 percent to $13.74 as the company reported the FDA approval of Adzenys XR-ODT.Shares of
Under Armour Inc (NYSE: UA) got a boost, shooting up 17 percent to $80.50 as the company reported stronger-than-expected quarterly results.
Facebook Inc (NASDAQ: FB) shares were also up, gaining 14 percent to $107.35 after the company reported stronger-than-expected results for its fourth quarter on Wednesday.
Equities Trading DOWN OSI Systems, Inc. (NASDAQ: OSIS) shares dropped 32 percent to $52.17. OSI Systems reported Q2 earnings of $0.40 per share on revenue of $197 million. The company expects FY16 adjusted earnings of $2.95 to $3.20 per share, on sales of $900 million to $945 million.Shares of
ServiceNow Inc (NYSE: NOW) were down 19 percent to $60.68. ServiceNow reported better-than-expected quarterly results, but the company issued a weak revenue forecast.
Datawatch Corporation (NASDAQ: DWCH) was down, falling around 16 percent to $4.01. Datawatch reported a Q1 loss of $0.19 per share on revenue of $7.06 million.
CommoditiesIn commodity news, oil traded up 1.76 percent to $32.87, while gold traded up 0.54 percent to $1,122.30. Silver traded down 0.41 percent Thursday to $14.40, while copper fell 0.65 percent to $2.05.
EurozoneEuropean shares were lower today. The eurozone's STOXX 600 slipped 1.37 percent, the Spanish Ibex Index declined 1.47 percent, while Italy's FTSE MIB Index tumbled 2.96 percent. Meanwhile, the German DAX dropped 1.75 percent, and the French CAC 40 slipped 1.26 percent, while U.K. shares fell 0.85 percent.
EconomicsUS jobless claims dropped 16,000 to 278,000 in the week ending January 23. However, economists were expecting claims to reach 282,000 in the week.US durable-goods orders declined 5.1 percent in December.The pending home sales index rose to 106.8 in December, versus a downwardly-revised reading of 106.7 in November.
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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