QQQQ Morning Update

Tuesday, November 20, 2007, 8:50 AM EST

Closing prices:
QQQQ 49.70 -0.58 -1.15%
QQQQ plunged ahead of HPQ report
BULLISH FACTORS: HPQ impressed

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): NEUTRAL
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): VERY BULLISH
Current QQQQ Prices: 50.09 +0.39 +0.78%

Preceding day market actions:
Opened Bull Debit Call Spread
BTO QQQLW Dec 46 Call
STO QQQLT Dec 49 Call
Debit 2.28

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)
5. Bull Debit Call Spread (opened on 11/19/07)
Long QQQLW Dec 46 Call
Short QQQLT Dec 49 Call
Debit 2.28

Alerts:
None