Closing price:
47.57 +0.76 +1.62%
Found support at the 47 mark
QQQQ needs a good reason to move above the 200MA. ORCL announced
fourth-quarter results that exceeded analyst estimates. However, its
outlook was very cautious. The stock fell 3% after-hours.
Intermediate-term outlook: BULLISH
Short-term outlook: BEARISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT:
Current (8:40 am ET) QQQQ pre-market price: 46.66 -0.91 -1.91%
Preceding day market actions:
Rolled Debit Call Spread:
BTC UQQFX QQQQ Q2Jun 50 Call @ .0370
STC UQQFU QQQQ Q2Jun 47 Call @ .7702
BTO UQQIU QQQQ Q3Sep 47 Call @ 2.84
STO UQQIX QQQQ Q3Sep 50 Call @ 1.35
Debit 0.7568
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 1/28/08, 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, rolled on 6/25/08)
Long UQQIU QQQQ Q3Sep 47 Call
Short UQQIX QQQQ Q3Sep 50 Call
Net Debit 2.9568
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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