Wednesday, June 13, 2007

QQQQ Morning Update

Wednesday, June 13, 2007, 8:40AM EST

Closing prices:
QQQQ 46.82 -0.09 -0.19%
QQQQ plunged on 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): BEARISH
Current QQQQ pre-market price: 46.59 +0.05 +0.09%

Preceding day market actions:
Closed Credit Call Spread
Bought to Close QQQFU QQQQ Jun 47 Call at 0.19
We've delivered 22% in 48 days!

Current open positions:
1. Credit Call Spread (Opened on 5/04/07)
Long QQQGX Jul 50 Call
Short QQQGU Jul 47 Call
Credit 1.08
2.Credit Call Spread (Opened on 5/24/07)
Long QQQHX 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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