QQQQ Morning Update

Wednesday, November 21, 2007, 8:45 AM EST

Closing prices:
QQQQ 49.90 +0.20 +0.40%
QQQQ little changed after HPQ earnings

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 BEARISH
Current QQQQ Price: 49.35 -0.55 -1.10%

Preceding day market actions:
None

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 11/19/07)
Long QQQLW Dec 46 Call
Short QQQLT Dec 49 Call
Debit 2.28

Alerts:
None