Closing prices:
44.08 -0.20 -0.45%
QQQQ Waiting for the Next Shoes to Drop?
Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:40 am ET) QQQQ pre-market price: 44.33 +0.25 +0.57%
We don't think so. Implied volatility for QQQQ remains low. No signs of panic. Large traders await IBM earnings scheduled today. The IBM stock consistently touches its top at $117 and is toying with a breakout.
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
7. Long UQQFR QQQQ Q2 Jun 44 (bought on 4/8/08 at 3.20, target 3.52)
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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