This momentum-based trend trading discovered a new sector at the top of the Sector Selector: Energy replaced Utilities. Energy had an extended run at the top of the tool earlier in the year, but this was its first time in 2 1/2 months that it was in the top slot. We sold a Health Care stock and bought a couple Energy securities.
This class discussed the idea of being "choosy" about when do conducting a put-selling strategy versus the typical emphasis on what to implement it on. With the markets rallying for the last couple months, most folks would have been better off conducting few trades until we experienced a big market down-day (like we experienced Friday). We also rolled a current sold put and put on a brand new position in the Health Care sector.
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