The Russell 2000 Index is a stock market index that tracks the performance of the 2,000 smaller businesses that make up the Russell 3000 Index. Because of its concentration on smaller businesses that target the U.S. market, the Russell 2000, which is administered by London's FTSE Russell Group, is frequently referred to as a leading indicator of the American economy. Many investors compare the success of small-cap mutual funds to the movement of the index since they view the index as a better reflection of opportunities in that entire sub-section of the market than in the other main indices (Dow Jones, S&P 500 and Nasdaq 100). That's because those narrower indices may have biases or be exposed to more stock-specific risks which might affect their performance overall.
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