QQQQ Morning Update

Monday, December 3, 2007, 8:35 AM EST

Closing prices: 51.31 -0.39 -0.75%
QQQQs retreat on profit-taking

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): BULLISH

Current QQQQ pre-market price: 51.44 +0.13 +0.25%

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 11/29/07)
Long QQQAV� Jan 48 Call
Short QQQLY� Jan 51 Call
Debit 2.12

Alerts:
None