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Tue: Top Buys EBAY DOW Top Sells SPY SPX OEX

Primary Trades:

SPY Jun 130 puts are buys on bounces and SPY Apr 130 & 129 puts are sells on pullbacks, since it's uncertain when the correction will take place.

Secondary Trades:

EBAY Apr 37.5 calls remain a buy for quick trades.

DOW is fundamentally undervalued and Apr 40 calls may be buys to partially hedge puts.

SPX and OEX Apr puts may be buys on market bounces. SPX 1,310 seems to be an intermediate-term top.

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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.