QQQQ Morning Update

Wednesday, April 2, 2008, 8:50 AM EST

Closing prices:
45.59 +1.87 +4.28%
QQQQ found support at 50MA and jumped 4.3% on mixed economic news
Intermediate-term outlook: BEARISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: VERY BULLISH
Current QQQQ pre-market price: 45.77 +0.18 +0.39%

Preceding day market actions:
1. Sold QQQQ stock at 45.22. 1.44% in 8 days!
2. Closed Debit Call Spread:
Bought to Close QQQDR Apr 44 Call
Sold to Close QQQDO Apr 41 Call
Credit 2.40
11.6% in 47 days!

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 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.