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 fell 0.29 percent to 17,681.43, the broader Standard & Poor's 500 index moved down 0.29 percent to 2,073.00 and the NASDAQ composite index declined 0.19 percent to 4,839.21.
The industries that are still afloat in the market today are:
Rental & Leasing Services: This industry gained 1.6 percent by 11:00 am. The top stock within the industry was CAI International Inc (NYSE: CAI), which gained 1.6 percent. CAI International shares have dropped 65.61 percent over the past 52 weeks, while the S&P 500 index has declined 0.82 percent in the same period.
Department Stores: This industry rose 1.1 percent by 10:30 am ET. The top performer in this industry was Bon-Ton Stores Inc (NASDAQ: BONT), which gained 2.6 percent. Bon-Ton shares have declined 67.44 percent over the past 52 weeks, while the S&P 500 index has slipped 0.82 percent in the same period.
Electronic Equipment: The industry gained 1 percent by 10:30 am. The top performer in this industry was Skullcandy Inc (NASDAQ: SKUL), which gained 4.6 percent. Skullcandy’s PEG ratio is 1.20.
Trucking: This industry moved up 0.6 percent by 10:30 am. The top performer in this industry was YRC Worldwide Inc (NASDAQ: YRCW), which rose 2 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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