PeakTrader.com

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Tue: Top Buys OEX SPY PFE LLY PPH JNPR Top Sells NUE RTP FCX PD GOOG

Primary Trades:

No primary trades at this time.

Secondary Trades:

Calls: OEX and SPY calls are buys on a low open, e.g. slightly above SPX 1,275, since many short-term technical indicators are near severely oversold levels. PFE reports earnings Wed. May 25 calls may be a buy. LLY reports earnings Thu and may bounce two points. May 55 calls are 0.65. PPH Apr 70 calls may be a buy on many big pharma earnings reports this week, including JNJ earnings before the open tomorrow. JNPR reports earnings Wed.

Puts: Steel, gold, and copper continued to rise today, and are at short-term extreme levels. Consequently, NUE RTP FCX and PD Apr or May puts are buys. GOOG reports earnings Thu.

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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.