Tuesday, January 8, 2008

QQQQ Morning Update

Tuesday, January 8, 2008, 8:40 AM EST

Closing prices: 48.17 -0.23 -0.48%
QQQQ struggled for a support

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: 48.49 +0.32 +0.66%

Preceding day market actions:
ROLLED PARTIALLY

BTC QQQAY Jan 51 Call
STC QQQAV Jan 48 Call
BTO QQQBV Jan 48 Call
STO QQQBY Jan 51 Call

Total Net Debit 0.391

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 12/06/07)
Long QQQAV Jan 48 Call
Short QQQAY Jan 51 Call
Debit 2.19
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

PARTIALLY FILLED:

5. Bull Debit Call Spread (opened on 11/29/07, rolled on 1/7/08)
Long QQQBV Feb 48 Call
Short QQQBY Feb 51 Call
Debit 2.511
6. Bull Debit Call Spread (opened on 12/06/07, rolled on 1/7/08)
Long QQQBV Feb 48 Call
Short QQQBY Feb 51 Call
Debit 2.581
6. Bull Debit Call Spread (opened on 12/07/07, rolled on 1/7/08)
Long QQQBV Feb 48 Call
Short QQQBY Feb 51 Call
Debit 2.691
8. Bull Debit Call Spread (opened on 12/21/07, rolled on 1/7/08)
Long QQQBV Feb 48 Call
Short QQQBY Feb 51 Call
Debit 2.741

Alerts: None
Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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