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Mon: Top Buys OEX GM Top Sells SPY IWM

Primary Trades:

Mar options expire in three weeks, the new month starts Wed, and the first two days of Mar tend to be bullish. So, the possibility of SPX rising above 1,300, next week, and perhaps topping a week from Mon, should be taken into account. However, the market may fall sharply and be much lower before Mar options expire. Of course, it's also possible the market has already topped. The TICK MAs, next week, may indicate direction. SPY and IWM Mar and Apr slightly-out-of-the-money or in-the-money puts remain buys.

Secondary Trades:

OEX Mar 580 calls may be a buy on a pullback to partially hedge puts short-term.

GM fell on low volume recently and closed at 20 Fri. A strong bounce can easily take place.

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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.