QQQQ Morning Update

Wednesday, May 16, 2007, 8:50AM EST

Closing prices:
QQQQ 46.10 -0.36 -0.77%
QQQQ dropped after comment on AMAT.

Intermediate-term outlook (weekly chart): BULLISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): SLIGHTLY BULLISH
Current QQQQ Per-market Price:
46.28 +0.18 +0.39%

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
2.Credit Call Spread (Opened on 5/04/07)
Long QQQGX QQQQ Jul 50 Call
Short QQQGU QQQQ Ju7 47 Call
Credit 1.08

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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