The Standard & Poor's 500 index, also referred as the S&P 500 or S&P 500 index, is a widely used index that measures changes in the state of the stock market. The S&P 500 index measures the performance of 500 of the largest publicly traded corporations in the United States. Because the index also takes into account other factors, it is not a precise list of the top 500 U.S. corporations by market cap. Nonetheless, the S&P 500 index is recognized as one of the finest indicators of the performance of significant American equities, and thus of the stock market as a whole.
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