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
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