QQQQ Morning Update

Tuesday, May 1, 2007, 8:40AM ET

Closing prices:
QQQQ 45.96 -0.61 -1.32%
QQQQ plunged on technical correction

Intermediate-term outlook (weekly chart): BULLISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ Pre-market Price: 46.02 0.06 0.13%

Preceding day market actions:
None

Current open positions:
1.Credit Call Spread (Opened on 4/25/07)
Long QQQFX QQQQ Jun 50 Call
Short QQQFU QQQQ Jun 47 Call
Credit 0.72

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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