PeakTrader.com

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Tue: Top Buys EBAY DELL KBH IWM Top Sells DIA SPY

Primary Trades:

EBAY Sep 27.5 calls at 0.20 may be best. If EBAY falls significantly below major support at 24, Oct 27.5 calls at 0.60 or less are buys. KBH Sep 45 calls remain buys on pullbacks.

Secondary Trades:

DELL is down in afterhours on a computer recall and may rise into earnings Thu. Aug 20 or Sep 22.5 calls may be best. If the market opens high, DIA or SPY Sep puts are buys. If the market opens low, IWM Sep calls are buys. SPX may trade between 1,260 and 1,280 this week.

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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.