Closing price: 47.21
QQQQ finished more than 3% higher and above the 200MA mark.
Big tech names showed strength. We expect more upside today.
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: NEUTRAL
Current (8:40) QQQQ pre-market price: 48.61 -0.09 -0.18%
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
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appears on our subscription records. It may not be copied, faxed,
or forwarded without written consent from OptionSmart.com.
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