QQQQ Morning Update

Tuesday, September 25, 2007, 8:50 AM EST

Closing prices:
QQQQ 50.58 +0.22 +0.44%
QQQQs were stronger

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart):BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): VERY BEARISH
Current QQQQ per-market price: 50.40 -0.19 -0.38%

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, rolled on 9/20/07)
Long QQQJA QQQQ Oct 53 Call
Short QQQJX QQQQ Oct 50 Call
Net Credit 1.1849

Alerts:
None