PeakTrader.com

[administrator]

Wed: Top Buys OEX SPY DOW GM Top Sells None

Primary Trades:

None, unless SPX rises to around 1,300, which is another opportunity to buy SPY Jun 130 puts.

Secondary Trades:

Short-term technical indicators are oversold enough for a market bounce. Consequently, OEX Apr 580 or 585 calls, SPY Apr 127 or 128 calls, DOW May 40 calls, and GM May 20 calls may be buys, for short-term trades.

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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.