Closing price:
49.40 -0.61 -1.22%
Retreated on profit-taking
AAPL and MSFT led the tech sector down. QQQQ remained in trading range.
We expect more downside today.
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:40 am ET) QQQQ pre-market price: 49.57 +0.17 +0.34%
Preceding day market actions: None
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 2.50)
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
http://qqqq.optionsmart.info
The OptionSmart Team
qqq@optionsmart.org
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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