QQQQ Morning Update

Tuesday, December 17, 2007, 8:40 AM EST

Closing prices: 49.73 -1.24 -2.43%
QQQQs plunged on economic worries

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): BULLISH

Curent QQQQ pre-market price: 50.22 +0.49 +0.99%

Preceding day market actions:
None

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