Friday, February 15, 2008

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
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