QQQQ Morning Update

Monday, November 19, 2007, 8:25 AM EST

Closing prices:
QQQQ 50.28 +0.46 +0.92%
QQQQ formed bottom

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): BEARISH
Current QQQQ pre-market price: 50.14 -0.14 -0.28%

Preceding day market actions: 7.4% Return in One Day!!
Closed Bull Debit Call Spread
BTC QQQLW Dec 49 Call
STC QQQLT Dec 46 Call
Debit 2.32

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. Long QUEKD Nov 56 (NO BIDS)
4. Long QUEKE Nov 57 (NO BIDS)

Alerts:
None