Closing price:
49.76 +0.63 +1.28%
Bounced back on bargain-hunting
The tech sector provided leadership, with significant strength in large-cap names. RIMM upgraded. QQQQ gathers momentum for a breakout above the 50 mark.
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLSIH
TODAY'S PRE-MARKET SENTIMENT:BULLSIH
Current(8:40 am ET)QQQQ pre-market price:50.01 +0.25+0.50%
Preceding day market actions:
Sold UQQIV QQQQ Q3Sep 48 Call @ 4.05 with a 9.8% gain in 2 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 2.50)
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/
The OptionSmart Team
qqq@optionsmart.org
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