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Thu: Top Buys OEX DOW Top Sells SPY IWM FCX OIH

Primary Trades:

SPY Jun 130 or later puts and IWM May 75 puts are long-term buys.

OEX Apr 585 or 590 calls are buys on market pull-backs, since TICK remains on a buy signal. A stop loss should be used, in case the TICK 100 unit MA falls significantly below the 200-unit MA, and the sell signal holds.

Secondary Trades:

DOW Apr or May 40 calls are buys. DOW may be down on high oil prices.

FCX may pullback after the big recent run-up. Apr 60 or May 55 puts are buys.

OIH Apr 150 puts may be a buy, on a further OIH rise.

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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.