Wednesday, June 11, 2008

QQQQ Morning Update

Wednesday, June 11, 2008, 8:50 AM EST

Closing price:
48.54 -0.23 -0.47%
Tested the 200MA again

QQQQ fluctuated in a choppy session as large traders digested stern words
on inflation from Fed officials. AAPL bounced back.

Intermediate-term outlook: BULLISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:40 am ET)QQQQ pre-market price: 48.55 +0.01 +0.02%

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 (bought on 5/21/08 @2.07, target 2.30)
Long UQQIT QQQQ Q3Sep 46 Call
Short UQQIW QQQQ Q3Sep 49 Call
4. Long QQQQ stock (bought @49.96 on 6/06/08)
5. Bull Debit Call Spread (bought on 6/06/08 @2.20)
Long UQQFU QQQQ Q2Jun 47 Call
Short UQQFX QQQQ Q2Jun 50 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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