QQQQ Morning Update

Wednesday, December 5, 2007, 8:55 AM EST

Closing prices: 50.67 -0.21 -0.41%
QQQQs slip on macroeconomic jitters

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): VERY BULLISH
Current QQQQ Price: 51.12 +0.45 +0.89%

Preceding day market actions:
Opened Debit Call Spread
BTO QQQQAU Jan 47 Call
STO QQQAX Jan 50 Call
Debit 2.10

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
4. Bull Debit Call Spread (opened on 12/04/07)
Long QQQQAU Jan 47 Call
Short QQQAX Jan 50 Call
Debit 2.10

Alerts:
None