Closing price:
50.01 +0.32 +0.64%
Approached a key resistance level
QQQQ extended gains as the market impressed by DELL's earnings.
Apple is going to announce big back-to-school promotions.
However, QQQQ needs more positive news to move above the 50 mark.
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:40 am ET) QQQQ pre-market price: 49.86 -0.15 -0.30%
Preceding day market actions:
Sold to Close Q3Sep 48 Calls for 4.10 with a 10% gain in 9 days!
Open our blog "Recent QQQQ Trades" for more history:
http://qqqqrecenttrades.blogspot.com
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 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/membership/qqqq/
Interested to receive the European Edition of our QQQQ Morning
Updates (before 1:00 am ET)? Register at
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The OptionSmart Team
qqq@optionsmart.org
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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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