QQQQ Morning Update

Thursday, January 10, 2008, 8:40 AM EST

Closing prices: 47.92 +1.00 +2.13%
QQQQ found 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): BEARISH
Current QQQQ pre-market price: 47.16 +0.24 +0.51%

Preceding day market actions:
None

Current open positions:
1. 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
2. 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
3. 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
4. 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
5. Bull Debit Call Spread (opened on 01/07/08)
Long QQQBT Feb 46 Call
Short QQQBW Feb 49 Call
Debit 1.99

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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