QQQQ Morning Update

Friday, December 7, 2007, 8:35 AM EST

Closing prices: 52.32 +0.75 +1.45%
QQQQs rallied on the mortgage-relief plan

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): BULLISH
Current QQQQ pre-market price: 52.41 +0.09 +0.17%

Preceding day market actions:
1. Closed Debit Call Spread
BTC QQQLY Dec 51 Call
STC QQQLV Dec 48 Call
Credit 2.42 or 11% in 24 days!

2. Opened Debit Call Spread
BTO QQQAV Jan 48 Call
STO QQQAY Jan 51 Call
Debit 2.19

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07)
Long QQQAV Jan 48 Call
Short QQQLY Jan 51 Call
Debit 2.12
2. Bull Debit Call Spread (opened on 12/04/07)
Long QQQQAU Jan 47 Call
Short QQQAX Jan 50 Call
Debit 2.10

3. Bull Debit Call Spread (opened on 12/06/07)
Long QQQAV Jan 48 Call
Short QQQAY Jan 51 Call
Debit 2.19

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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