QQQQ Morning Update

Thursday, November 14, 2007, 8:40 AM EST

Closing prices:
QQQQ 50.09� -0.65 -1.28%
QQQQ slid on profit-taking

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ pre-market price: 50.16 +0.07 +0.14%

Preceding day market actions:
1. Opened Bull Debit Call Spread
BTO QQQLV� Dec 48 Call
STO� QQQLY Dec 51 Call
Debit 2.18
2. Opened Bull Debit Call Spread
BTO QQQLU� Dec 47 Call
STO QQQLX� Dec� 50 Call
Debit 2.317

Current open positions:
1. Bull Debit Call Spread (opened on 11/13/07)
BTO QQQLV� Dec 48 Call
STO� QQQLY Dec 51 Call
Debit 2.18
2. Bull Debit Call Spread (opened on 11/13/07)
BTO QQQLU� Dec 47 Call
STO QQQLX� Dec� 50 Call
Debit 2.317
3. Long QUEKD Nov 56 (NO BIDS)
4. Long QUEKE Nov 57 (NO BIDS)

Alerts:
None