This class discussed last week's huge rally, it's biggest in a year. We reviewed the post from the previous week's class showing just 15% of stocks in the S&P 500 trading above their 50 day moving average. The number has moved to 47% in just five trading days. We bought a half position in one of our top current holdings, we sold an oil stock, and we bought a utility company.
This options class reviewed the Sector Dividend Stairstep statistics from the month-ending October, where we saw the biggest number of stocks trading in the blue undervalued zone that we've ever recorded. Once again, Financials, REITs, and Utilities look undervalued. We then had a head-to-head match-up between a Consumer Discretionary stock versus a Consumer Staples stock for a new sold-put trade idea.
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