QQQQ Morning Update

Thursday, November 29, 2007, 8:45 AM EST

Closing prices:
QQQQ 51.48 +1.52 +3.04%
QQQQ soared on upbeat Fed comments and bargain hunting

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ pre-market price: 51.36 0.12 (0.23%)

Preceding day market actions:
1. Closed Bull Debit Call Spread (opened on 11/19/07)
Bought to Close QQQLT Dec 49 Call
Sold to Close QQQLW Dec 46 Call
Credit 2.38
WE'VE DELIVERED 9.2% IN 7 DAYS!
2. Closed Bull Debit Call Spread (opened on 11/19/07)
Bought to Close QQQLT Dec 49 Call
Sold to Close QQQLW Dec 46 Call
Credit 2.54
WE'VE DELIVERED 11.4% IN 9 DAYS!

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

Alerts:
None