Closing prices:
45.76 -0.10 -0.22%
AAPL and GOOG provided leadership. CSCO was very weak. Generally speaking, investors await the earnings season and avoid substantial bets. Implied volatility inched down again. Along with strong bullish technical signals, it indicates that the upward trend is set to continue in the short term.
Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: VERY BEARISH
Current (8:40 am ET) QQQQ pre-market price: 45.39 -0.37 -0.81%
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 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
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41
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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