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Wed: Top Buys OEX HAL (or OIH) Top Sells SPY

Primary Trades:

None, since the market is in the middle of a short-term range.

Secondary Trades:

OEX closed about 580 3/4, which is above the Mar 580 Max Pain point. However, OEX may bounce to about 585 Wed or Thu.

HAL and OIH fell, over the past two days, on anticipation of the oil inventory report, which will be released one hour after the open Wed. HAL or OIH Apr calls on a pullback may be buys for a quick trade.

SPY Apr 130 or 129 puts are a buy at SPX 1,285.

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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.