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Thanksgiving Week Price Action

Many would say that this week is not worth trading due to paltry action. Many would be wrong. Don't confuse muted volume with muted price action. Now, if one wants to take the week off to re-charge, whatever blows your hair back. We will trade this week the same as any other.

Below is some data on the price action for the S&P 500 (SPY) Nasdaq 100 (QQQ) and Gold (GLD). The blue represents a high to low range >2%, which is usually significant enough to make some money long options.

Have a great holiday!


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