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 Posted: Mon May 15, 2006 4:27 pm Post subject: Tue: Buys QQQQ EBAY Sells SPY DIA |
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Tue: Top Buys QQQQ EBAY Top Sells SPY DIA
Primary Trades:
SPX May Max Pain remains at 1,305, while QQQQ May Max Pain fell from 42 to 41. However, if QQQQ opens low, Jun 38 or 39 calls are a buy. QQQQ may rise to at least 40.74 this week. SPY and DIA Jul puts may be used to hedge. The downtrend may resume next week.
Secondary Trades:
QQQQ May 38 calls and EBAY May 30 calls are buys on pullbacks.
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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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