QQQQ Morning Update

Friday, September 14, 2007, 8:45 AM EST

Closing prices:
QQQQ 49.18 +0.24+0.49%
QQQQ jumped on news from QCOM
BULLISH FACTORS: positive news from QCOM & GOOG

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): NEUTRAL
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): VERY BEARISH
Current QQQQ Pre-market price: 48.85 -0.33 -0.67%

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