QQQQ Morning Update

Friday, February 29, 2008, 9:25 AM EST

Closing prices: 44.12 -0.17 -0.38%
QQQQ plunged on weak macroeconomic data

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ Price: 43.59 -0.53 -1.20%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT�Jun 46 Call
Short QQQFW�Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Friday, February 29, 2008, 8:45 AM EST

Closing prices: 44.12 -0.17 -0.38%
QQQQ plunged on weak macroeconomic data

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ Price: 43.48 -0.64 -1.45%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT�Jun 46 Call
Short QQQFW�Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Thursday, February 28, 2008, 8:50 AM EST

Closing prices: 44.29 +0.22 +0.50%
QQQQ was lifted by Fed comments

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): BEARISH
Current QQQQ Price: 44.09 -0.20 -0.45%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT�Jun 46 Call
Short QQQFW�Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Wednesday, February 27, 2008, 8:40 AM EST

Closing prices: 44.07 +0.17 +0.39%
QQQQ extended gains after IBM 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): BEARISH
Current QQQQ pre-market price: 43.77 -0.30 -0.68%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

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
This report is intended for use only by the subscriber whose name
appears on our subscription records. It may not be copied, faxed, or
forwarded without written consent from OptionSmart.com.

QQQQ Morning Update

Tuesday, February 26, 2008, 8:50 AM EST

Closing prices: 43.90 +0.22 +0.50%
QQQQ staged big rally

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): BEARISH
Current QQQQ Price: 43.67 -0.23 -0.52%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08)
Long QQQFT�Feb 46 Call
Short QQQFW�Feb 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Monday, February 25, 2008, 9:00 AM EST

Closing prices: 43.68 +0.16 +0.37%
QQQQ found support

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 pre-market price: 43.59 -0.09 -0.21%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08)
Long QQQFT Feb 46 Call
Short QQQFW Feb 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

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
This report is intended for use only by the subscriber whose name
appears on our subscription records. It may not be copied, faxed, or forwarded without
written consent from OptionSmart.com.

QQQQ Morning Update

Friday, February 22, 2008, 8:45 AM EST

Closing prices: 43.52 -0.42 -0.96%
QQQQ plunged on weak macroeconomic data

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): NEUTRAL
Current QQQQ Price: 43.68 +0.16 +0.37%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08)
Long QQQFT�Feb 46 Call
Short QQQFW�Feb 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Thursday, February 21, 2008, 8:55 AM EST

Closing prices: 43.94 +0.20 +0.46%
QQQQ jumped on HPQ 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): BULLISH
Current QQQQ Price: 44.43 +0.49 +1.12%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08)
Long QQQFT�Feb 46 Call
Short QQQFW�Feb 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Thursday, February 21, 2008, 8:55 AM EST

Closing prices: 43.94 +0.20 +0.46%
QQQQ jumped on HPQ 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): BULLISH
Current QQQQ Price: 44.43 +0.49 +1.12%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08)
Long QQQFT�Feb 46 Call
Short QQQFW�Feb 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Wednesday, February 20, 2008, 8:50 AM EST

Closing prices: 43.74 -0.08 -0.18%
QQQQ slid on weakness in GOOG and YHOO
AFTER HOURS: HPQ beat estimates and added 3%

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ Price: 43.15 -0.59 -1.35%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08)
Long QQQFT�Feb 46 Call
Short QQQFW�Feb 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Friday, February 15, 2008, 8:40 AM EST

Closing prices: 43.97 -0.81 -1.81%
QQQQ slipped on Fed comments

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ pre-market price: 43.74 -0.23 -0.53%

Preceding day market actions:
1. Opened Debit Call Spread
BTO QQQDO Apr 41 Call
STO QQQDR Apr 44 Call Debit 2.15
Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08)
Long QQQFT Feb 46 Call
Short QQQFW Feb 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)

5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

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
This report is intended for use only by the subscriber whose name
appears on our subscription records. It may not be copied, faxed, or
forwarded without written consent from OptionSmart.com.

QQQQ Alert

Day Limit Order
Open Debit Call Spread
BTO QQQDO QQQQ Apr 41 Call
STO QQQDR QQQQ Apr 44 Call
Debit 2.17

QQQQ Morning Update

Thursday, February 14, 2008, 8:40 AM EST

Closing prices: 44.78 +0.96 +2.19%
QQQQ jumped on macroeconomic news

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): BULLISH
Current QQQQ pre-market price: 44.86 +0.08 +0.18%

Preceding day market actions:
1. Rolled Debit Call Spread
BTC QQQBW Feb 49 Call
STC QQQBT Feb 46 Call
BTO QQQFT Jun 46 Call
STO QQQFW Jun 49 Call
Net Debit 1.19

2. Closed Credit Call Spread
BTC QQQCR Mar 44 Call
STC QQQCO Mar 41 Call
Credit 2.20 or 9.5% in 21 Day!

3. Opened Debit Call Spread
BTO QQQCO Mar 41 Call
STO QQQCS Mar 45 Call
Debit 2.72
Closed Debit Call Spread
BTC QQQCS Mar 45 Call
STC QQQCO Mar 41 Call
Credit 2.91
7% Gain in 3 Hours!

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08)
Long QQQFT Feb 46 Call
Short QQQFW Feb 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)

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
This report is intended for use only by the subscriber whose name
appears on our subscription records. It may not be copied, faxed, or
forwarded without written consent from OptionSmart.com.

QQQQ Alert 6

Day Limit Order
Close Debit Call Spread
BTC QQQCS QQQQ Mar 45 Call
STC QQQCO QQQQ Mar 41 Call
Credit 2.91

QQQQ Alert 4

Day Limit Order
Open Debit Call Spread
BTO QQQCO QQQQ Mar 41 Call
STO QQQCS QQQQ Mar 45 Call
Debit 2.72

QQQQ Alert 2

Market Order
ROLL Debit Call Spread
BTC QQQBW QQQQ Feb 49 Call at the market
STC QQQBT QQQQ Feb 46 Call at the market
BTO QQQFT QQQQ Jun 46 Call at the market
STO QQQFW QQQQ Jun 49 Cal at the market

QQQQ Alert

GTC Limit Order
Close Credit Call Spread
BTC QQQCR QQQQ Mar 44 Call
STC QQQCO QQQQ Mar 41 Call
Credit 2.21

QQQQ Morning Update

Tuesday, February 12, 2008, 8:40 AM EST

Closing prices: 44.07 +0.47 +1.08%
QQQQ extended gains of 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: 44.51 +0.44 +1.00%

Preceding day market actions:
None
Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08)
Long QQQBT Feb 46 Call
Short QQQBW Feb 49 Call
Debit 1.99
3. Bull Debit Call Spread (opened on 01/23/08)
Long QQQCO Mar 41 Call
Short QQQCR Mar 44 Call
Debit 2.01
4. Long QQQQ (bought at 44.26 at 2/5/08 )
5. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)

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
This report is intended for use only by the subscriber whose name
appears on our subscription records. It may not be copied, faxed, or
forwarded without written consent from OptionSmart.com.

QQQQ Morning Update

Monday, February 11, 2008, 8:40 AM EST

Closing prices: 43.11 +0.30 +0.70%
QQQQ continued to form a bottom

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: 43.91 +0.31 +0.91%

Preceding day market actions:
None
Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08)
Long QQQBT Feb 46 Call
Short QQQBW Feb 49 Call
Debit 1.99
3. Bull Debit Call Spread (opened on 01/23/08)
Long QQQCO Mar 41 Call
Short QQQCR Mar 44 Call
Debit 2.01
4. Long QQQQ at 44.26 (opened at 2/5/08)
5. Long OZCAR Jan9 44 Call at 5.33 (opened on 2/5/08)

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
This report is intended for use only by the subscriber whose name appears on our
subscription records. It may not be copied, faxed, or forwarded without
written consent from OptionSmart.com.

QQQQ Morning Update

Friday, February 8, 2008, 8:40 AM EST

Closing prices: 43.11 +0.30 +0.70%
QQQQ managed to regain its losses
Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): VERY BEARISH
Current QQQQ pre-market price: 43.17 +0.06 +0.16%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08)
Long QQQBT Feb 46 Call
Short QQQBW Feb 49 Call
Debit 1.99
3. Bull Debit Call Spread (opened on 01/23/08)
Long QQQCO Mar 41 Call
Short QQQCR Mar 44 Call
Debit 2.01
4. Long QQQQ at 44.26 (opened at 2/5/08)
5. Long OZCAR Jan9 44 Call at 5.33 (opened on 2/5/08)

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
This report is intended for use only by the subscriber whose name
appears on our subscription records. It may not be copied, faxed, or
forwarded without written consent from OptionSmart.com.

QQQQ Morning Update

Thursday, February 7, 2008, 8:55 AM EST

Closing prices: 42.81 -0.86 -1.97%
QQQQ plunged again on recession fears
AFTER HOURS: CSCO disappointed

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): VERY BEARISH
Current QQQQ Price: 42.17 -0.64 -1.49%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08)
Long QQQBT�Feb 46 Call
Short QQQBW�Feb 49 Call
Debit 1.99
3. Bull Debit Call Spread (opened on 01/23/08)
Long QQQCO Mar 41 Call
Short QQQCR Mar 44 Call
Debit 2.01
4. Long QQQQ at 44.26 (opened at 2/5/08)
5. Long OZCAR Jan9 44 Call at 5.33 (opened on 2/5/08)

Alerts: None

QQQQ Morning Update

Wednesday, February 6, 2008, 8:50 AM EST

Closing prices:43.67 -1.28 -2.85%
QQQQ plunged on recession fears

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ Price: 43.94 +0.27 +0.62%

Preceding day market actions:
Bought QQQQ at 44.26
Bought to Open OZCAR QQQQ Jan9 44 Call at 5.33

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08)
Long QQQBT�Feb 46 Call
Short QQQBW�Feb 49 Call
Debit 1.99
3. Bull Debit Call Spread (opened on 01/23/08)
Long QQQCO Mar 41 Call
Short QQQCR Mar 44 Call
Debit 2.01
4. Long QQQQ at 44.26 (opened at 2/5/08)
5. Long OZCAR Jan9 44 Call at 5.33 (opened on 2/5/08)

Alerts: None

QQQQ Alert

Market Orders

1. Buy the QQQQ stock at the market
2. Buy to Open OZCAR QQQQ Jan9 44 Call at the market

QQQQ Morning Update

Tuesday, February 5, 2008, 8:50 AM EST

Closing prices:44.95 -0.64 -1.40%
QQQQ took a pause on profit-taking

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ price: 44.68 -0.27 -0.60%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08)
Long QQQBT�Feb 46 Call
Short QQQBW�Feb 49 Call
Debit 1.99
3. Bull Debit Call Spread (opened on 01/23/08)
Long QQQCO Mar 41 Call
Short QQQCR Mar 44 Call
Debit 2.01

Alerts: None

QQQQ Morning Update

Monday, February 4, 2008, 8:45 AM EST

Closing prices:45.59 +0.46 +1.02%
QQQQ extended gains on positive news

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): SLIGHTLY BEARISH
Current QQQQ Price: 45.64 +0.05 +0.11%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08)
Long QQQBT�Feb 46 Call
Short QQQBW�Feb 49 Call
Debit 1.99
3. Bull Debit Call Spread (opened on 01/23/08)
Long QQQCO Mar 41 Call
Short QQQCR Mar 44 Call
Debit 2.01

Alerts: None

QQQQ Morning Update

Friday, February 1, 2008, 8:50 AM EST

Closing prices: 45.13 +0.76 +1.71%
QQQQ managed a powerful rally

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 Price : 45.60 +0.47 +1.04%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08)
Long QQQBT�Feb 46 Call
Short QQQBW�Feb 49 Call
Debit 1.99
3. Bull Debit Call Spread (opened on 01/23/08)
Long QQQCO Mar 41 Call
Short QQQCR Mar 44 Call
Debit 2.01

Alerts: None