A measurement of the supply and demand for liquid and tradeable assets. Depth of market (DOM) is based on how many buy and sell orders are active for a certain asset, like a stock or futures contract. The market is deemed to be deeper or more liquid the more of those orders there are. Since it contains a list of pending orders for a securities or currency, depth of market data is sometimes referred to as the order book. Which transactions can be processed is decided using the information in the book. Most internet brokers offer DOM data at no cost or a nominal price.
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