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Closing price:
49.69 +0.44 +0.89%
Showed healthy gains
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:40 am ET) QQQQ pre-market price: 50.00 +0.31 +0.62%
QQQQ posted a solid gain Thursday amid positive economic news. Dell beat
estimates and jumped after-hours. We expect more upside today.
Preceding days market actions:
1. Sold QQQQ stock at 49.88
2. Bought QQQQ stock at 49.79
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07,
rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (opened on 5/16/08, target 2.51)
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.28
4. Bull Debit Call Spread (bought on 5/21/08 @2.07, target 2.30)
Long UQQIT QQQQ Q3Sep 46 Call
Short UQQIW QQQQ Q3Sep 49 Call
5. Long UQQIV QQQQ Q3Sep 48 Call (BTO @ 3.80 on 5/21/08, target 4.20)
6. Long QQQQ stock (bought @49.79 on 5/29/08, target 50.42)
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.
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Closing price:
49.25 +0.20 +0.41%
Erased intra-day losses and finished higher
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: NEUTRAL
Current (8:40 am ET) QQQQ pre-market price: 49.22 -0.03 -0.06%
Dell is scheduled to report first-quarter earnings of 34 cents a share. The major computer hardware makers advanced. MSFT declined nearly 1%. The tech sector needs a catalyst to move higher.
Preceding days market actions:
None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (opened on 5/16/08, target 2.51)
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.28
4. Bull Debit Call Spread (bought on 5/21/08 @2.07, target 2.30)
Long UQQIT QQQQ Q3Sep 46 Call
Short UQQIW QQQQ Q3Sep 49 Call
5. Long UQQIV QQQQ Q3Sep 48 Call (BTO @ 3.80 on 5/21/08, target 4.20)
6. Long QQQQ stock (bought @49.29 on 5/21/08, target 50.49)
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.
Closing price:
49.05 +0.85 +1.76%
Jumped on economic news and strength in AAPL
Intermediate-term outlook: BULLISH
Short-term outlook: BEARISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:40 am ET) QQQQ pre-market price: 49.35 +0.30 +0.61%
QQQQ resumed its uptrend. Apple (AAPL) led the tech sector.
Preceding days market actions:
None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (opened on 5/16/08, target 2.51)
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.28
4. Bull Debit Call Spread (bought on 5/21/08 @2.07, target 2.30)
Long UQQIT QQQQ Q3Sep 46 Call
Short UQQIW QQQQ Q3Sep 49 Call
5. Long UQQIV QQQQ Q3Sep 48 Call (BTO @ 3.80 on 5/21/08, target 4.20)
6. Long QQQQ stock (bought @49.29 on 5/21/08, target 50.49)
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.
Closing price:
48.20 -0.15 -0.31%
Formed a cycle bottom at 200MA
Intermediate-term outlook: BULLISH
Short-term outlook: BEARISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: NEUTRAL
Current (8:40 am ET) QQQQ pre-market price: 48.15 -0.05 -0.10%
Apple (AAPL) struggled to resume its uptrend after news from RIMM. Dell climbed 2.7% after upgrades. Other big tech names looked weak. Asian tech stock are currently in a brighter mood.
Preceding days market actions:
None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (opened on 5/16/08, target 2.51)
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.28
4. Bull Debit Call Spread (bought on 5/21/08 @2.07, target 2.30)
Long UQQIT QQQQ Q3Sep 46 Call
Short UQQIW QQQQ Q3Sep 49 Call
5. Long UQQIV QQQQ Q3Sep 48 Call (BTO @ 3.80 on 5/21/08, target 4.20)
6. Long QQQQ stock (bought @49.29 on 5/21/08, target 50.49)
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.
Closing price:
48.35 +0.17 +0.35%
Found support at the 200MA
Intermediate-term outlook: BULLISH
Short-term outlook: BEARISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:40 am ET) QQQQ pre-market price: 48.19 -0.16 -0.33%
QQQQ spent most of its time in positive ground. AAPL found support as well. The tech sector needs a catalyst to move higher.
Preceding days market actions:
None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (opened on 5/16/08, target 2.51)
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.28
4. Bull Debit Call Spread (bought on 5/21/08 @2.07, target 2.30)
Long UQQIT QQQQ Q3Sep 46 Call
Short UQQIW QQQQ Q3Sep 49 Call
5. Long UQQIV QQQQ Q3Sep 48 Call (BTO @ 3.80 on 5/21/08, target 4.20)
6. Long QQQQ stock (bought @49.29 on 5/21/08, target 50.49)
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.
2. GTC Order
Sell to Close QQQQ stock at 50.49
2. GTC Order
Sell to Close QQQQ stock at 50.49
Closing price:
48.18 -1.09 -2.21%
Kissed the 200MA support again
Intermediate-term outlook: BULLISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: NEUTRAL
Current (8:55 am ET) QQQQ pre-market price: 48.21 +0.03 +0.06%
A lowered economic outlook weighed on sentiment. Computer Sciences (CSC) beat estimates but slipped 12 cents after hours.
Preceding days market actions:
1. Bought Debit Q3 Sep 46/49 Call Spread @2.07
2. Bought Q3Sep 48 Call @3.80
3. Bought QQQQ stock @$49.29
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (opened on 5/16/08, target 2.51)
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.28
4. Bull Debit Call Spread (opened on 5/21/08, target 2.30)
Long UQQFT QQQQ Q3Sep 46 Call
Short UQQFW QQQQ Q3Sep 49 Call
Debit 2.07
5. Long UQQIV QQQQ Q3Sep 48 Call (BTO @ 3.80 on 5/21/08, target 4.20)
6. Long QQQQ stock (BTO @$49.29 on 5/21/08, target 50.49)
Alerts:
1. GTC Order
Close Bull Debit Call Spread
Buy to Close UQQFW QQQQ Q3Sep 49 Call
Sell to Close UQQFT QQQQ Q3Sep 46 Call
Credit 2.30
2. GTC Order
Sell to Close QQQQ stock at 50.49
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.
Closing price:
49.27 -0.38 -0.77%
Slipped on profit-taking
Intermediate-term outlook: BULLISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:55 am ET) QQQQ pre-market price: 49.16 -0.11 -0.22%
HPQ earnings spike on overseas growth. AAPL showed first signs of weakness. We expect more weakness today.
Preceding days market actions:
None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (opened on 5/16/08, target 2.51)
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.28
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.
Closing price:
49.65 -0.36 -0.72%
Retreated on profit-taking
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:55 am ET) QQQQ pre-market price: 49.43 -0.22 -0.44%
Traders were disappointed that the MSFT is in talks with YHOO. TXN was strong. Implied volatility remains low as large traders still bet on an upward movement.
Preceding days market actions:
None
Alerts: None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (opened on 5/16/08, target 2.51)
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.28
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.
Closing price:
50.01 +0.04 +0.08%
Little changed amid mixed economic news
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:55 am ET) QQQQ pre-market price: 50.06 +0.0.05 +0.10%
QQQQ erased intra-day losses and finished slightly higher. We expect more turbulence this week.
Preceding days market actions:
1.Closed Debit Call Spread: Q2Jun 46/49 Call: bought @2.12 on 5/13/08, sold @ 2.35
10.8% in 3 days!
2. Opened Debit Call Spread:
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.28
Alerts: None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (opened 5/16/08)
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.28
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.
Closing price:
49.97 +0.86 +1.75%
Extended gains after strong earnings
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:50 am ET) QQQQ pre-market price: 50.07 +0.10 +0.20%
QQQQ ended the session with a substantial gain, led by large-cap tech names - INTC, CSCO, MSFT and YHOO. We believe earnings will continue to drive markets in the short run. Outlook positive, but upside limited.
Preceding days market actions:
None
Alerts: None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (opened 5/13/08, Target 2.35)
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.12
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.
Closing price:
49.97 +0.86 +1.75%
Extended gains after strong earnings
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:50 am ET) QQQQ pre-market price: 50.07 +0.10 +0.20%
QQQQ ended the session with a substantial gain, led by large-cap tech names - INTC, CSCO, MSFT and YHOO. We believe earnings will continue to drive markets in the short run. Outlook positive, but upside limited.
Preceding days market actions:
None
Alerts: None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (opened 5/13/08, Target 2.35)
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.12
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.
Closing price:
49.22 +0.13 +0.26%
Retreated from its session high
Intermediate-term outlook: BULLISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:50 am ET) QQQQ pre-market price: 49.49 +0.27 +0.55%
HPQ rebounded. ERTS posted disappointing earnings. AAPL lost momentum and led the tech sector down. We expect more attempts to move higher today and tomorrow.
Preceding days market actions:
5/13/08
1. Opened Debit Call Spread:
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.12
Target 2.35
2.QQQQ stock: Bought @ 47.83 on 4/30/08, sold @ 49.09 on 5/13/08.
2.6% gain in 13 days!
5/14/08
1. Closed Debit Call Spread: Q2Jun 45/48Call: bought @2.18 on 5/02/08, sold @ 2.43
11.5% in 12 days!
2. Sold QQQQ Options:
a. UQQIU Q3Sep 47 Call: Bought @ 4.0398 on 5/2/08, sold @ 4.50 on 5/14/08
11.4% in 12 days!
b. QQQQ Sep 46 Call: Bought @ 4.69 on 5/7/08, sold @5.16 on 5/14/08
9.3% in 7 days!
Alerts: None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (opened 5/13/08, Target 2.35)
Long UQQFT QQQQ Q2Jun 46 Call
Short UQQFW QQQQ Q2Jun 49 Call
Debit 2.12
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.
Closing price:
49.22 +0.13 +0.26%
Poised to move higher
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:50 am ET) QQQQ pre-market price: 49.49 +0.27 +0.55%
YHOO posted a solid 5.3% gain. HPQ announced preliminary second quarter results and increased its full-year outlook. Nevertheless, HPQ tumbled 5% after announcing that it will acquire EDS. It looks like negative news are already priced in.
Preceding day market actions:
QQQQ stock: Bought @ 47.83 on 4/30/08, sold @ 49.09 on 5/13/08.
2.6% gain in 13 days!
Alerts: None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Long UQQIU Q3Sep 47 Call (BTO @ 4.0398 on 5/2/08, Target 4.50)
4. Debit Call Spread (BTO @2.18 on 5/02/08, Target 2.43)
Long UQQFS Q2Jun 45 Call
Short UQQFV Q2Jun 48 Call
5. Long QQQIT QQQQ Sep 46 Call (BTO @ 4.69 on 5/7/08, Target 5.16)
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.
Closing price:
49.22 +0.13 +0.26%
Poised to move higher
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:50 am ET) QQQQ pre-market price: 49.49 +0.27 +0.55%
YHOO posted a solid 5.3% gain. HPQ announced preliminary second quarter results and increased its full-year outlook. Nevertheless, HPQ tumbled 5% after announcing that it will acquire EDS. It looks like negative news are already priced in.
Preceding day market actions:
QQQQ stock: Bought @ 47.83 on 4/30/08, sold @ 49.09 on 5/13/08.
2.6% gain in 13 days!
Alerts: None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Long UQQIU Q3Sep 47 Call (BTO @ 4.0398 on 5/2/08, Target 4.50)
4. Debit Call Spread (BTO @2.18 on 5/02/08, Target 2.43)
Long UQQFS Q2Jun 45 Call
Short UQQFV Q2Jun 48 Call
5. Long QQQIT QQQQ Sep 46 Call (BTO @ 4.69 on 5/7/08, Target 5.16)
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.
2. GTC Limit Order
Close Debit Call Spread
BTC UQQFV Q2Jun 48 Call
STC UQQFS Q2Jun 45 Call
Credit 2.43
Closing price:
49.09 +0.88 +1.83%
Outperformed the broader market
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:50 am ET) QQQQ pre-market price: 48.98 -0.11 -0.22%
QQQQs saw a boost after the AAPL price target was raised. MSFT, ORCL and RIMM were very strong. QQQQs successfully tested the 200 MA and moved higher.
Preceding day market actions:
Closed Debit Spread: Q2Jun 44/47 Call. Bought @2.23 on Apr 30 and sold @2.47 on May 12 with the 10.8% in 12 days!
Alerts: None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Long QQQQ stock (BTO @47.83 on 4/30/08)
4. Long UQQIU Q3Sep 47 Call (BTO @ 4.0398 on 5/2/08, Target 4.50)
5. Debit Call Spread (BTO @2.18 on 5/02/08)
Long UQQFS Q2Jun 45 Call
Short UQQFV Q2Jun 48 Call
6. Long QQQIT QQQQ Sep 46 Call (BTO @ 4.69 on 5/7/08, Target 5.16)
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.
Closing price:
48.21 -0.19 -0.39%
QQQQ stayed above its 200MA
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:50 am ET) QQQQ pre-market price: 48.28 +0.07 +0.15%
HPQ's earnings report on Thursday is a key event of this week. Many analysts think that it might be tricky for Hewlett-Packard to exceed sales expectations amid softening demand for PC's and printers.
Preceding days market actions:
None
Alerts: None
CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07, 12/21/07, rolled on 1/7/08 and 1/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Long QQQQ stock (BTO @47.83 on 4/30/08)
4. Debit Call Spread (BTO @2.23 on 4/30/08)
Long UQQFR Q2Jun 44 Call
Short UQQFU Q2Jun 47 Call
5. Long UQQIU Q3Sep 47 Call (BTO @ 4.0398 on 5/2/08, Target 4.50)
6. Debit Call Spread (BTO @2.18 on 5/02/08)
Long UQQFS Q2Jun 45 Call
Short UQQFV Q2Jun 48 Call
7. Long QQQIT QQQQ Sep 46 Call (BTO @ 4.69 on 5/7/08, Target 5.16)
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.
Closing price:
48.40 +0.36 +0.75%
Managed to hold gains and tried to gather momentum
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:50 am ET) QQQQ pre-market price: 48.05 -0.35 -0.72%
Traders welcomed some better-than-expected April retail sales, but gains were limited by record-high oil prices. There is more than a 50 percent chance of moving higher next week.
Preceding days market actions:
None
Alerts: 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
Net 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
Net Debit 3.18
3. Long QQQQ stock (BTO @47.83 on 4/30/08)
4. Debit Call Spread (BTO @2.23 on 4/30/08)
Long UQQFR Q2Jun 44 Call
Short UQQFU Q2Jun 47 Call
5. Long UQQIU Q3Sep 47 Call (BTO @ 4.0398 on 5/02/08, Target 4.50)
6. Debit Call Spread (BTO @2.18 on 5/02/08)
Long UQQFS Q2Jun 45 Call
Short UQQFV Q2Jun 48 Call
7. Long QQQIT QQQQ Sep 46 Call (BTO @ 4.72 on 5/7/08, Target 5.16)
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.
Closing price:
48.04 -0.89 -1.82%
CSCO failed to ignite tech sector
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:50) QQQQ pre-market price: 48.26 +0.22 +0.46%
Tech sector badly needs a catalyst to move higher. Implied volatility remains very low. Large traders still bet on an upturn.
Preceding days market actions:
Bought to Open QQQIT QQQQ Sep 46 Call @ 4.72 Target 5.16
Alerts: 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
Net 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
Net Debit 3.18
3. Long QQQQ stock (BTO @47.83 on 4/30/08)
4. Debit Call Spread (BTO @2.23 on 4/30/08)
Long UQQFR Q2Jun 44 Call
Short UQQFU Q2Jun 47 Call
5. Long UQQIU Q3Sep 47 Call (BTO @ 4.0398 on 5/02/08, Target 4.50)
6. Debit Call Spread (BTO @2.18 on 5/02/08)
Long UQQFS Q2Jun 45 Call
Short UQQFV Q2Jun 48 Call
7. Long QQQIT QQQQ Sep 46 Call (BTO @ 4.72 on 5/7/08, Target 5.16)
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.
Closing price:
48.93 +0.30 +0.62%
Found support above 200MA
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:40) QQQQ pre-market price: 48.84 -0.09 -0.18%
CSCO beat estimates and rose in after hours trading. Traders shrugged off record high crude prices. Implied volatility remains very low. We expect more upside today.
Preceding days market actions: None
Alerts: 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
Net 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
Net Debit 3.18
3. Long QQQQ stock (BTO @47.83 on 4/30/08)
4. Debit Call Spread (BTO @2.23 on 4/30/08)
Long UQQFR Q2Jun 44 Call
Short UQQFU Q2Jun 47 Call
5. Long UQQIU Q3Sep 47 Call (BTO @ 4.0398 on 5/02/08, Target 4.50)
6. Debit Call Spread (BTO @2.18 on 5/02/08)
Long UQQFS Q2Jun 45 Call
Short UQQFV Q2Jun 48 Call
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.
Closing price:
48.63 -0.14 -0.29%
Managed to stay above 200MA
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:40) QQQQ pre-market price: 48.46 -0.17 -0.35%
QQQQ finished with modest losses ahead of CSCO earnings. MSFT abandoned its acquisition plans. Option traders appeared willing early on to sell May calls on heavy volume as the value of those positions eroded as much as 20%.
Preceding days market actions: None
Alerts: 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
Net 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
Net Debit 3.18
3. Long QQQQ stock (BTO @47.83 on 4/30/08)
4. Debit Call Spread (BTO @2.23 on 4/30/08)
Long UQQFR Q2Jun 44 Call
Short UQQFU Q2Jun 47 Call
5. Long UQQIU Q3Sep 47 Call (BTO @ 4.0398 on 5/02/08, Target 4.50)
6. Debit Call Spread (BTO @2.18 on 5/02/08)
Long UQQFS Q2Jun 45 Call
Short UQQFV Q2Jun 48 Call
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.
Closing price:
48.77 +0.07 +0.14%
Struggling to stay above 200MA
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: NEUTRAL
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:40) QQQQ pre-market price: 48.64 -0.13 -0.27
QQQQ needed a catalyst to move higher. Cisco shares were treading water ahead of Tuesday’s earnings. Its June calls were heavily trafficked. It indicates that large traders bet on an upward movement.
Preceding days market actions:
1. BTO UQQIU Q3Sep 47 Call at 4.0398
2. Bought Debit Call Spread at 2.18
BTO UQQFS Q2Jun 45 Call
STO UQQFV Q2Jun 48 Call
Alerts: 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
Net 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
Net Debit 3.18
3. Long QQQQ stock (BTO @47.83 on 4/30/08)
4. Long UQQIT Q3Sep 46 Call (BTO @ 4.19 on 4/30/08, Target 4.60)
5. Debit Call Spread (BTO @2.23 on 4/30/08)
Long UQQFR Q2Jun 44 Call
Short UQQFU Q2Jun 47 Call
6. Long UQQIU Q3Sep 47 Call (BTO @ 4.0398 on 5/02/08, Target 4.50)
7. Debit Call Spread (BTO @2.18 on 5/02/08)
Long UQQFS Q2Jun 45 Call
Short UQQFV Q2Jun 48 Call
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.
Preceding days market actions:
April 30, 2008:
1. Sold Q2Jun 47 Calls with 15.4% in 2 days!
2. Sold May 41/44 Debit Call Spread at 2.88 with 28% gain in 33 days!
3. Sold the QQQQ stock at 47.90 with 2.6% gain in 9 days!
4. Bought Debit Call Spread at 2.23
BTO UQQFR Q2Jun 44 Call
STO UQQFU Q2Jun 47 Call
5. Bought QQQQ Stock @47.83
6. BTO UQQIT Q3Sep 46 Call @ 4.19
May 1, 2008:
1. Sold Debit Call Spread for 2.50 with 14.7% in 8 days!
BTC UQQFT Q2Jun 46 Call
STC UQQFQ Q2Jun 43 Calll
2. STC UQQIT Q3Sep 46 Call at 4.60 with 9.7% in one day! (partial fill)
Alerts: 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
Net 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
Net Debit 3.18
3. Long QQQQ stock (BTO @47.83 on 4/30/08)
4. Long UQQIT Q3Sep 46 Call (BTO @ 4.19 on 4/30/08, Target 4.60)
5. Debit Call Spread (BTO @2.23 on 4/30/08)
Long UQQFR Q2Jun 44 Call
Short UQQFU Q2Jun 47 Call
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.
Closing prices:
47.21 -0.39 -0.82%
QQQQ was unable to cross the 200MA line
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:40 am ET) QQQQ pre-market price: 47.32+0.11 +0.23%
