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
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