QQQQ Morning Update

Monday, December 10, 2007, 8:35 AM EST

Closing prices: 52.32 +0.01 +0.02%
QQQQs little changed after another turbulent week

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): NEUTRAL
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ pre-market price: 52.54 +0.21 +0.40%

Preceding day market actions:
1. Opened Debit Call Spread
BTO QQQAV Jan 48 Call
STO QQQAY Jan 51 Call
Debit 2.30

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

4. Bull Debit Call Spread (opened on 12/07/07)
Long QQQAV Jan 48 Call
Short QQQAY Jan 51 Call
Debit 2.30

Alerts:
None