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Joined: 28 Dec 2005 Posts: 12643
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Posted: Sat Mar 11, 2006 9:48 am Post subject: Mon: Buys EBAY Sells SPY SPX |
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Mon: Top Buys EBAY Top Sells SPY SPY
Primary Trades:
SPX resistance is the 10-day MA about 1,283 and the congestion area around 1,290. SPY Apr 129 or 130 puts are buys on market bounces. If SPX rises to around 1,290, Mar 1,290 1,295 or 1,300 puts are buys.
Secondary Trades:
EBAY Mar 37.5 calls may be a buy on a small pullback Mon morning.
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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. |
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