QQQQ Morning Update

Friday, November 16, 2007, 8:40 AM EST

Closing prices:
QQQQ 49.82 -0.27 -0.54%
QQQQ slid on profit-taking

BEARISH FACTORS: SBUX lowered outlook

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: 50.17 +0.35 +0.70%

Preceding day market actions:
1. Opened Bull Debit Call Spread
BTO QQQLT Dec 46 Call
STO QQQLW Dec 49 Call
Debit 2.16

Current open positions:
1. Bull Debit Call Spread (opened on 11/13/07)
Long QQQLV� Dec 48 Call
Short QQQLY Dec 51 Call
Debit 2.18
2. Bull Debit Call Spread (opened on 11/13/07)
Long QQQLU� Dec 47 Call
Short QQQLX� Dec� 50 Call
Debit 2.317

3. Bull Debit Call Spread (opened on 11/13/07)
Long QQQLT Dec 46 Call
Short QQQLW Dec 49 Call
Debit 2.12
4. Long QUEKD Nov 56 (NO BIDS)
5. Long QUEKE Nov 57 (NO BIDS)

Alerts:
None