QQQQ Morning Update

Thursday, December 13, 2007, 8:50 AM EST

Closing prices: 51.78 +0.46 +0.90%
QQQQs slipped on bad news from banks

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): BEARISH
Current QQQQ price: 51.30 -0.48 -0.93%

Preceding day market actions:
None

Current open positions:
1. Opened Debit Call Spread (opened on 12/07/07)
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