Friday, August 17, 2007

QQQQ Morning Update

Friday, August 17, 2007, 8:40 AM EST

Closing prices:
QQQQ 45.90 -0.45 -0.98%
QQQQ tried to find a support

BULLISH FACTORS: QQQQ oversold

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): BULLISH

Current QQQQ pre-market price: 46.28 +0.83 +1.83%

Preceding day market actions:

Closed Bearish Credit Call Spread with 46% gain in 83 days!
Bought to Close Aug 50 Call at 0.03
Debit 0.03

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 6/13/07, Rolled on 7/17/07)
Long QQQHX Aug 50 Call
Short QQQHV Aug 48 Call
Net Credit 0.13
3. 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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