Tuesday, June 24, 2008

QQQQ Morning Update

Tuesday, June 24, 2008, 8:50 AM EST

Closing price:
47.05 -0.37 -0.78%
Slid further on macroeconomic concerns

Large and small-cap tech were weak. Large traders stay focused on upcoming
earnings reports.

Intermediate-term outlook: BULLISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH

TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:50 am ET) QQQQ pre-market price: 46.61 -0.44 -0.94%

Preceding day market actions:
None

Open our blog "Recent QQQQ Trades" for more history:
http://qqqqrecenttrades.blogspot.com

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 1/28/08, 6/19/08)
Long OZCAX Jan9 50 Call
Short XZAAC Jan9 55 Call
Net Debit 4.90
2. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08, 6/19/08)
Long QQQGT Jul 46 Call
Short QQQGW Jul 49 Cal
Net Debit 2.87
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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