PeakTrader.com

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Thu: Top Buys GM Top Sells SPX SPY IWM

Primary Trades:

SPY closed above 129 1/4 and IWM closed below 74. It seems, the stock market is in a topping process that should be completed Mon at the latest, and a quick and steep decline may take place soon. So, SPY and IWM puts are buys on market bounces.

Secondary Trades:

SPX Mar 1,290 1,295 or 1,300 puts may be buys on market bounces.

GM Apr 20 or 22.5 calls may be buys and GM has the potential to bounce big independently of market direction.

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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.