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Fri: Top Buys KBH DHI SMH EBAY DOW SWK Top Sells DIA SPY

Primary Trades:

DIA and SPY Sep or later puts are buys on market bounces to hedge calls and for long-term trades.

KBH Aug 45 or 50 calls and DHI Aug 22.5 or 25 calls are buys.

Secondary Trades:

EBAY Aug 27.5 calls, DOW Sep 40 calls, and SWK Jul 45 calls may be best on pullbacks. The two major ETF components of QQQQ are SMH and BBH. SMH is down and BBH is way up recently. Perhaps, SMH Aug 32.5 calls are better than QQQQ calls.

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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.