QQQQ Morning Update

Wednesday, October 3, 2007, 8:45 AM EST

Closing prices:
QQQQ 52.01 +0.01 +0.02%
QQQQ little changed after disappointing home sales

BULLISH FACTORS: MU beat estimates by $0.01
BEARISH FACTORS: NOK downgraded

Intermediate-term outlook (weekly chart): NEUTRAL
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: 51.84 -0.17 -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 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
Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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