This momentum-based trend trading class discussed the major market upheaval that took place last week. Thursday was one of the biggest up days in years, which benefited us in absolute terms. However, in relative terms, there was notable weakness in some of the previous high flyers as money was rotating to out-of-favor areas. We ended class with a discussion around Consumer Discretionary stocks for the portfolio.
This class reviewed our options portfolio to find that all current open options trades were profitable, as a result of the nice market rebound and subsequent rotation over the past month. With the November expiration period happening this Friday, we'll have several positions go to max gain. We ended class with a new sold-put match-up between a REIT and an Industrials stock.
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