QQQQ Morning Update

Monday, December 24, 2007, 8:55 AM EST

Closing prices: 51.85 +1.00 +1.97%
QQQQ surged on strong earnings

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): NEUTRAL
Current QQQQ Price: 52.00 +0.15 +0.29%

Preceding day market actions:
1. Closed Debit Call Spread
BTC QQQAX Jan 50 Call
STC QQQQAU Jan 47 Call
Credit 2.53

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 12/07/07)
Long QQQAV Jan 48 Call
Short QQQAY Jan 51 Call
Debit 2.30
4. Bull Debit Call Spread (opened on 12/21/07)
Long QQQAV Jan 48 Call
Short QQQAY Jan 51 Call
Debit 2.35

Alerts:
None