PeakTrader.com

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Wed: Top Buys QQQQ OEX SPY STJ Top Sells None

Primary Trades:

QQQQ Jul 38 calls are buys on pullbacks, until late next week.

Secondary Trades:

The QQQQ Jun 39 calls closed at 0.55, which may be a buy. Also, the QQQQ Jun 38 calls closed at 1.10. OEX Jun 570 and SPY Jun 122 to 125 calls may be buys for quick trades. STJ may rise with MDT.

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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.