Friday, August 3, 2007

QQQQ Morning Update

Friday, August 3, 2007, 8:50 AM EST

Closing prices:
QQQQ 48.34 +0.44+0.92%
QQQQ resumed its rise on ecominic news
BULLISH FACTORS: ERTS (51.56 +3.46) raised its full-year revenue outlook, CKFR (45.40 +8.57) to be acquired for $4.4 bln in cash by (FISV 49.50 +0.31)

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): BEARISH

Current QQQQ Pre-market price: 48.28 -0.06 -0.12%

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

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