Wednesday, March 26, 2008

QQQQ Morning Update

Wednesday, March 26, 2008, 8:40 AM EST

Closing prices: 44.83 +0.25 +0.56%
QQQQ managed to hold gains after weak economic 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): BEARISH
Current QQQQ pre-market price: 44.58 -0.25 -0.56%

Preceding day market actions:
1. Sold the QQQQ stock at 44.87 with 9.7% Gain in 5 Days!
2. Bought to Open QQQFP Jun 42 Call at 4.07 at 4.05
3.Sold to Close QQQFP Jun 42 Call at 4.07 at 4.05 at 4.42 with 9.1% Gain in 4 Hours!
4. Opened Debit Call Spread
BTO QQQEO May 41 Call
STO QQQER May 44 Call
Debit 2.25

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 OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15
5. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25

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.

No comments: