QQQQ Morning Update

Wednesday, December 19, 2007, 8:50 AM EST

Closing prices:49.89 +0.16 +0.32%
QQQQ found support after strong earnings

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): SLIGHTLY BULLISH
Current QQQQ Price: 49.97 +0.08 +0.16%

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