Friday, August 24, 2007

QQQQ Morning Update

Friday, August 24, 2007, 8:40 AM EST

Closing prices:
QQQQ 47.53 -0.13 -0.27%
QQQQ drifted lower

BULLISH FACTORS: strenght in HPQ and IBM

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

Current QQQQ pre-market price: 47.43 -0.10 -0.21%

Preceding day market actions:

Opened Bullish Credit Put Spread
BTO QQQUI QQQQ Sep 43 Put
STO QQQUT QQQQ Sep 46 Put Credit 0.44

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 Put Spread (opened on 8/21/07)
Long QQQUR QQQQ Sep 44 Put
Short QQQUU QQQQ Sep 47 Put Credit 0.56

4. Credit Put Spread (opened on 8/23/07)
Long QQQUI QQQQ Sep 43 Put
Short QQQUT QQQQ Sep 46 Put Credit 0.44

Alerts: None

No comments: