QQQQ Morning Update

Friday, May 25, 2007, 8:40AM EST

Closing prices:
QQQQ 46.16 -0.67 -1.43
QQQQ plunged on weak housing data and technical correction

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): BULLISH
Current QQQ Pre-market price:
46.31 0.15 0.33%

Preceding day market actions:
Bearish Credit Call Spread Opened
Bought to Open QQQQHX Aug 50 Call
Sold to Open QQQHU Aug 47 Call
Credit 0.9693

Current open positions:
1.Credit Call Spread (Opened on 4/25/07)
Long QQQFX Jun 50 Call
Short QQQFU Jun 47 Call
Credit 0.72
2.Credit Call Spread (Opened on 5/04/07)
Long QQQGX Jul 50 Call
Short QQQGU Jul 47 Call
Credit 1.08
3.Credit Call Spread (Opened on 5/24/07)
Long QQQQHX Aug 50 Call
Short QQQHU Aug 47 Call
Credit 0.9693

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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