January 10, 2011 2:31 PM | 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.
This week marks the start of fourth-quarter earnings season and while only a few marquee names are due to report this week, three Dow names to be exact, it never hurts to do a little advanced planning and scope out some ETFs that may move on the back of these profit reports.For Alcoa (NYSE: AA) today after the bell:The SPDR S&P Metals & Mining ETF (NYSE: XME) would be the conservative play as Alcoa gets just over 4% of XME's weight, but the ambitious trader could give the newly minted Global X Aluminum ETF (NYSE: ALUM) a whirl. A good leveraged bet would be the ProShares Ultra Industrials (NYSE: UXI).For Intel (Nasdaq: INTC) Thursday after the close, run with the Semiconductor HOLDRs (AMEX: SMH), which allocates more than 20% of its weight to Intel. If Intel blows out as it has in recent quarters, go big with the Direxion Daily Semicondct Bull 3X Shares (NYSE: SOXL).For JPMorgan Chase (NYSE: JPM) Friday before the open: Financial Select Sector SPDR (NYSE: XLF), iShares Dow Jones US Financial Sector ETF (NYSE: IYF) and the Vanguard Financials ETF (NYSE: VFH).
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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