Daily Report — November 23, 2021

Holiday Patterns

You all know or will soon learn if you are new to following along with what I teach in any number of my publications that I am a pattern trader and rules-based trader.

I look for repeatable patterns that exist in the markets, whether they be technical or seasonal price patterns.

What I mean by seasonal is that the patterns of price action repeat itself over certain days and or periods of days.

One such pattern I recognize happening enough for me to pay attention to it is 2 trading days prior to a national holiday.

Thanksgiving may see a bump in pricing for the equities markets

Thanksgiving is a national holiday and if the markets are going to indeed rise in price, even a little, I want to see where there might be some unusually high call option volume as a place to start researching options trading ideas.

Here is the Unusually High Call Option Volume list: