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