PeakTrader.com

[administrator]

Thu: Top Buys GM Top Sells SPY SPX IWM

Primary Trades:

SPY Mar or Apr 128 to 130 puts continue to remain the best trade over the next month or two, since SPX may be near an intermediate-term top.

Secondary Trades:

GM is beaten down on bankruptcy concerns and can bounce sharply independently of the market on positive news.

SPX Mar 1,290 puts may be used for a short-term trade, because of a pullback to the low 1,280s quickly.

IWM May 72 puts may be an excellent longer-term buy.

------------------------------------------------------------------------------------

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.