QQQQ Morning Update

Friday, December 21, 2007, 8:40 AM EST

Closing prices: 50.90 +1.02 +2.04%
QQQQ jumped on bargain hunting

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): BULLISH
Current QQQQ pre-market price: 51.47 +0.62 +1.23%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07)
Long QQQAV� Jan 48 Call
Short QQQAY� 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