Thursday, August 16, 2007

QQQQ Moring Update

Thursday, August 16, 2007, 8:40 AM EST

Closing prices:
QQQQ 45.90 -0.89 -1.90%
QQQQ plunged on broad-based selling

BEARISH FACTORS: AMAT lowered outlook

Intermediate-term outlook (weekly chart): BEARISH
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: 45.51 -0.39 -0.78%

Preceding day market actions: None

Current open positions:
1. Credit Call Spread (Opened on 5/04/07, Rolled on 7/12/07)
Long QQQIX Sep 50 Call
Short QQQIU Sep 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, Rolled on 7/17/07)
Long QQQHX Aug 50 Call
Short QQQHV Aug 48 Call
Net Credit 0.13
4. Credit Call Spread (Opened on 6/19/07, Rolled on 7/17/07)
Long QQQIY Sep 51 Call
Short QQQIV Sep 48 Call
Net Credit 0.58

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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