Tuesday, July 10, 2007

QQQQ Morning Update

Tuesday, July 10, 2007, 8:45AM EST

Closing prices:
QQQQ 48.89 +0.03 +0.06%
QQQQ looks tired
BULLISH FACTORS: INTC target price upped
BEARISH FACTORS: QQQQ is deeply overbought, YHOO downgraded

Intermediate-term outlook (weekly chart): BULLISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH

Current QQQQ pre-marjet price: 48.70 -0.19 -0.39%

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 QQQGY Jul 51 Call
Short QQQGV Jul 48 Call
Credit 0.73

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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