Acronym for the stocks of five well-known American technological companies: Meta (META), formerly known as Facebook, Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Alphabet (GOOG), Google's parent company. Jim Cramer, the anchor of CNBC's Mad Money, popularized the phrase FAANG in 2013 by praising these businesses for being "completely dominating in their sectors." Apple was added as the second "A" in the acronym to the original phrase "FANG" in 2017.
The market has been range bound for the last few weeks with volatility on the decline, and earnings all over the place. So where to go to look for a trade? Nike has already had Earnings and is near a low of the year, so seems like a good option. As a contrarian that can mean only one thing to me: I have to make a trade with the assumption it will go up from here over the next 45ish days. We will do that by making a Long Call Vertical trade to bet that it starts to head up over the next couple months. For more on my trading and how to join me in real time, see below. Watch the video to get the details. Kal Trading Risk Disclaimer All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All tr