QQQQ Morning Update

Tuesday, September 11, 2007, 8:40 AM EST

Closing prices:
QQQQ 48.20 -0.03 -0.06%
QQQQ tried to find a support
BEARISH FACTORS: PALM downgraded
BULLISH FACTORS: INTC and WDC 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: 48.60 +0.40 +0.83%

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 QQQJZ Oct 52 Call
Short QQQJW Oct 49 Call
Net Credit 0.20
2. Credit Call Spread (opened on 9/07/07)
Long QQQJZ Oct 52 Call
Short QQQJW Oct 49 Call
Credit 1.19
3. Credit Call Spread (opened on 9/07/07)
Long QQQIA Sep 53 Call
Short QQQIX Sep 50 Call
Credit 0.33

Alerts:
None