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 Posted: Mon Mar 13, 2006 5:50 pm Post subject: Tue: Buys None Sells SPX SPY |
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Tue: Top Buys None Top Sells SPX SPY
Primary Trades:
If the market opens high, SPX Mar or SPY Apr puts are buys. SPX major resistance is about 1,290, although there's a slim chance it can rise to around 1,295. A close above 1,295 may be bullish for a test of the five year high at 1,316. However, it seems, SPX will fall sharply soon (e.g. next week).
Secondary Trades:
See recent "Long-Term Buys on Pullbacks" to hedge puts, although it may be best to wait.
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Primary Trade: An intermediate or long term trade. Timing can be off substantially. Volatility not a factor. Risk is low to moderate. Potential return is often moderate.
Secondary Trade: A short term trade. Timing must be accurate or volatility must be high. Risk is high. Potential return is high.
Secondary Trades should be generally avoided, although considered. Note: If Secondary Trades are taken, they may affect Primary Trades. |
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