Closing prices:
QQQQ 46.31 +0.45 +1.89%
QQQQ bounced back
BULLISH FACTORS: QQQQ oversold, HPQ raised 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: 46.46 +0.15 +0.32%
Preceding day market actions:
Credit Call Spread (opened on 6/13/07, rolled on 7/17/07) expired out-the-money with 7% gain in 65 days:
Long QQQHX Aug 50 Call
Short QQQHV Aug 48 Call
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 6/19/07, 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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