QQQQ Morning Update

Monday, June 25, 2007, 8:40AM EST

Closing prices:
QQQQ 47.29 -0.45-0.94%
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): BULLISH

Current QQQQ pre-market price: 47.42 +0.13 +0.27%

Preceding day market actions:
None

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
4.Credit Call Spread (Opened on 6/19/07)
Long QQQGV Jul 50 Call
Short QQQGV Jul 48 Call
Credit 0.73

Alerts: None