QQQQ Morning Update

Thursday, December 6, 2007, 8:35 AM EST

Closing prices: 51.57 +0.90 +1.78%
QQQQs surge on Fed hopes

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): VERY BULLISH
Current QQQQ pre-market price: 51.80 +0.23 +045%

Preceding day market actions:
Closed Debit Call Spread
BTC QQQLX� Dec� 50 Call
STC QQQLU� Dec 47 Call
Credit 2.57 or 10.9% in 23 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
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

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charts:

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The OptionSmart Team
qqq@optionsmart.com
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