QQQQ Morning Update

Thursday, October 11, 2007, 8:40 AM EST

Closing prices:
QQQQ 53.51 +0.13 +0.24%
QQQQ looked for direction
BEARISH FACTORS: QQQQ deeply overbought

Intermediate-term outlook (weekly chart): BULLISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ pre-market price: 53.80 +0.29 +0.54%

Preceding day market actions:
BTC QQQJW QQQQ Oct 49 at 4.4317
STC QQQJZ QQQQ Oct 52 at 1.5817
BTO QUEKD QQQQ Nov 56 at 0.30
STO QQQKY QQQQ Nov 51 at 3.05

Total Net Debit 0.10

Current open positions:
1. Credit Call Spread (opened on 5/04/07, rolled on 7/12/07, 9/5/07 and 10/10/07)
Long QUEKD QQQQ Nov 56
Short QQQKY QQQQ Nov 51
Net Credit 0.10
2. Credit Call Spread (opened on 9/07/07, rolled on 10/10/07)
Long QUEKD QQQQ Nov 56
Short QQQKY QQQQ Nov 51
Net Credit 1.09
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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