QQQQ Morning Update

Wednesday, November 28, 2007, 8:50 AM EST

Closing prices:
QQQQ 49.96 +0.98 +2.00%
QQQQ bounced back on positive news from financials

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ pre-market price: 50.72�+0.76 +1.52%

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
4. Bull Debit Call Spread (opened on 11/21/07)
Long QQQLW Dec 46 Call
Short QQQLT Dec 49 Call
Debit 2.18

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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