QQQQ Morning Update

Wednesday, June 5, 2007, 8:40AM EST

Closing prices:
QQQQ 47.58 +0.00 +0.00%
QQQQ little changed after Fed comments

Intermediate-term outlook (weekly chart): BULLISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): VERY BEARISH
Current QQQQ pre-market price: 47.30 -0.28 -0.59%

Preceding day market actions:
None

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 QQQHX Aug 50 Call
Short QQQHU Aug 47 Call
Credit 0.9693

Alerts:
None
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The OptionSmart Team
qqq@optionsmart.com
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