Wednesday, August 22, 2007

QQQQ Morning Update

Wednesday, August 21, 2007, 8:40 AM EST

Closing prices:
QQQQ 47.02 +0.49 +1.05%
QQQQ found support

BULLISH FACTORS: NSM upgraded

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH

Current QQQQ pre-market price: 47.27 +0.25 +0.53%

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

Alerts:

None

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