Friday, July 13, 2007

QQQQ Morning Update

Friday, July 13, 2007, 8:40AM EST

Closing prices:
QQQQ 49.56 +0.75 +1.54%
QQQQ surged on macroeconomic data
BULLISH FACTORS: positive comments on INTC, AAPL and AMD
BEARISH FACTORS: QQQQ is deeply overbought, MOT target cut

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): BULLISH

Current QQQQ pre-market price: 49.65 +0.09 +0.18%

Preceding day market actions:
ROLLED OVER
BTC QQQGU QQQQ Jul 47 Call
STC QQQGX QQQQ Jul 50 Call
BTO QQQIX QQQQ Sep 50 Call
STO QQQIU QQQQ Sep 47 Call
Extra Debit 0.25

Current open positions:
1. Credit Call Spread (Opened on 5/04/07, Rolled over on 7/12/07)
Long QQQGX Jul 50 Call
Short QQQGU Jul 47 Call
Net Credit 0.83
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

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