QQQQ Morning Update

Thursday, June 14, 2007, 8:40AM EST

Closing prices:
QQQQ 47.05 +0.51 +1.10%
QQQQ jumped on macroeconomic data

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):� BULLISH
Current QQQQ pre-market price: 47.18 +0.13 +0.28%

Preceding day market actions:
Opened Credit Call Spread
Bought to Open QQQGX Jul 50 Call Sold to Open QQQGV Jul 48 Call
Credit 0.40
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
3.Credit Call Spread (Opened on 6/13/07)
Long QQQGX Jul 50 Call
Short QQQGV Jul 48 Call
Credit 0.40

Alerts: None