QQQQ Morning Update

Tuesday, December 11, 2007, 8:45 AM EST

Closing prices: 52.54 +0.21 +0.40%
QQQQ moved higher ahead of news from Fed

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): BULLISH
Current QQQQ pre-market price: 52.66 +0.12 +0.23%

Preceding day market actions:
None

Current open positions:
1. Opened Debit Call Spread
BTO QQQAV Jan 48 Call
STO QQQAY Jan 51 Call
Debit 2.30

2. Bull Debit Call Spread (opened on 11/29/07)
Long QQQAV�Jan 48 Call
Short QQQLY�Jan 51 Call
Debit 2.12

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

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

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

Alerts:
None