PeakTrader.com

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Wed: Top Buys None Top Sells SPY OEX; Others to Watch: OIH

Primary Trades:

SPY is relatively high compared to most other stocks at this point. So, SPY Apr 130 or 129 puts are buys on market bounces.

Secondary Trades:

OEX Mar 590 or 595 puts are buys on market bounces for quick trades. The important economic reports this week may generate volatility.

Others to Watch:

OIH closed above 140 1/2, and may become volatile before and after the oil inventory report one hour after the market open. Oil closed at 63.00. OIH Mar 140 or 145 puts may be worth the risk for a quick trade.

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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.