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Fri: Top Buys DOW JBLU Top Sells SPY OEX OIH IWM

DOW may rise into earnings late next week, and it's fundamentally undervalued. JBLU should rise on lower oil prices. SPY long-term puts are a buy, because the market is risky intermediate-term. OEX Jan 590 puts may be a trade tomorrow. OIH has risen about 15 points this year on top of big gains last year. Oil is about $67 a barrel, oil stocks begin reporting earnings late next week, and OPEC meets at the end of Jan. However, OIH has the potential to fall sharply within three months. So, Feb or Apr puts are a buy. Also, OIH Jan 150 puts may be a trade, although risky. IWM is relatively overvalued.