QQQQ Morning Update

Wednesday, March 05, 2008, 8:45 AM EST

Closing prices: 42.91 +0.24 +0.56%
QQQQ found support after upbeat comments from CSCO and AMZN

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: 43.06 +0.15 +0.35%

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 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