Friday, September 7, 2007

QQQQ Morning Update

Friday, September 7, 2007, 8:40 AM EST

Closing prices:
QQQQ 49.14 -0.04 -0.08%
QQQQ formed a top
BULLISH FACTORS: positive comments on AAPL
BEARISH FACTORS: QQQQ forming a top

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: 48.98 -0.16 -0.33%

Preceding day market actions:
None

Current open positions:
1. Credit Call Spread (opened on 5/04/07, rolled on 7/12/07 and 9/5/07)
Long QQQJX Oct 52 Call
Short QQQJW Oct 49 Call
Net Credit 0.20

Alerts:
Day Limit Order
Open Bearish Credit Call Spread
Buy to Open QQQQIA QQQQ Sep 53 Call (AT)
Sell to Open QQQQIX QQQQ Sep 50 Call
Credit 0.51

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