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Thu: Top Buys None Top Sells SPY; Others to Watch: SPX OEX OIH HAL

Primary Trades:

SPY Apr 130 or 129 puts, or May 128 or 127 puts, are buys above SPX 1,282. SPY has the potential to fall below 125 by mid-Apr.

Secondary Trades:

The following are stocks to watch and high risk trades:

SPX Mar 1,290 puts may be a buy around 1,285 for a quick trade.

OEX Mar 575 calls may be a buy around SPX 1,270 for a quick trade.

Oil stocks are volatile. OIH held 130 after a steep fall from above 157, a month ago, and closed at 134. HAL held 65, after falling from above 82, over the past month, and closed at 67. Declining oil prices may cause OIH to pullback further towards 125 and HAL to fall towards 60, which may be short-term buying opportunities, e.g. for Mar slightly in-the-money calls.

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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.