Closing price:
50.55 +0.79 +1.59%
Managed to jump above the 50 mark
A broad-based rally followed some positive economic and corporate news.
According to our estimates, there is a 65% chance to extend these gains.
The implied volatility remains low.
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLSIH
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:40 am ET)QQQQ pre-market price: 50.30 -0.25 -0.49%
Preceding day market actions:
1. Sold QQQQ @ 50.42 with a 1.27% gain in 7days!
2. Sold Debit Q2Jun 46/49 Call Spread @ 2.50 with a 9.6 in 20 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 (bought on 5/21/08 @2.07, target 2.30)
Long UQQIT QQQQ Q3Sep 46 Call
Short UQQIW QQQQ Q3Sep 49 Call
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
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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