OptionSmart: July 2008

Thursday, July 31, 2008

QQQQ Morning Update

Thursday, July 31, 2008, 8:55 AM EST

Closing price:
45.57 +0.23 +0.51%
Rebounded on strong buying interest

Semiconductors gained 0.8% as equipment manufacturers advanced. ERTS fell
7.0% on disappointing earnings.

Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH

Current (8:55 am ET) QQQQ pre-market price: 45.14 -0.43 -0.94%

Preceding day market actions:
None

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,
07/17/08)
Long UQQLU Dec 47 Call
Short UQQLZ Dec 52 Call
Net Debit 4.45
3. Bull Debit Call Spread (bought on 5/21/08 @2.07, target 2.30)
Long UQQIT Q3Sep 46 Call
Short UQQIW 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 Q3Sep 47 Call
Short UQQIX Q3Sep 50 Call
Net Debit 2.9568
6. Long OZCAQ Jan9 43 Call (BTO @5.56 on 6/27/08, target 6.22)
7. Long QQQAR Jan9 44 Call (BTO @4.45 on 7/17/08, target 5.06)
8. Bull Debit Call Spread (bought @2.14 on 07/17/08, target 2.35):
Long QQQIP Sep 42 Call
Short QQQIS Sep 45 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,
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Wednesday, July 30, 2008

QQQQ Morning Update

Wednesday, July 30, 2008, 8:55 AM EST

Closing price:
45.34 +0.92 +2.07%
Bounced back on strong earnings and macroeconomic data

MSFT, ORCL and EBAY led the tech sector up. AMGN soared on positive
report. On the other hand, fell after the company was downgraded.
We expect more upside today.

Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: NEUTRAL
TODAY'S PRE-MARKET SENTIMENT: BULLISH

Current (8:55 am ET) QQQQ pre-market price: 5.56 +0.22 +0.49%

Preceding day market actions:
None

Alerts: None

Tuesday, July 29, 2008

QQQQ Morning Update

Tuesday, July 29, 2008, 8:55 AM EST

Closing price:
44.42 -0.85 -1.88%
Tumbled on broad-based selloff

Large cap tech were under pressure. The main laggards include, AAPL, GOOG,
MSFT and RIMM. The tech sector lacked a catalyst.

Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH

Current (8:55 am ET) QQQQ pre-market price: 44.66 +0.24 +0.54%

Preceding day market actions:
None

Alerts: None

Monday, July 28, 2008

QQQQ Morning Update

Monday, July 28, 2008, 8:55 AM EST

Closing price:
45.27 +0.58 +1.30%
Outperformed the broader market

JNPR beat estimates and jumped 18%. Semiconductors were very strong and
added 2%. MSFT, AAPL and CSCO led the rally. We expect more upside this
week.

Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH

Current (8:55 am ET) QQQQ pre-market price: 45.21 -0.06 -0.13%

Preceding day market actions:
None

Alerts: None

Friday, July 25, 2008

QQQQ Morning Update

Friday, July 25, 2008, 8:55 AM EST

Closing price:
44.69 -0.68 -1.50%
Plunged on weak housing data and profit-taking

The tech sector trended lower as stocks lacked leadership. Positive news
from AMZN failed to ignite the sector. QCOM surged 7%.

Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH

Current (8:55 am ET) QQQQ pre-market price: 4.92 +0.23 +0.51%

Preceding day market actions:
None

Alerts: None

Thursday, July 24, 2008

QQQQ Morning Update

Thursday, July 24,, 2008, 8:55 AM EST

Closing price:
45.37 +0.59 +1.32%
Formed a bottom

QQQQs was unable to move above the 46 mark. However, the stock posted
healthy gains ahead of AMZN earnings. Large-cap names showed strength.
AAPL rebounded.
AFTER HOURS: AMZN beat estimates and surged.

Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH

Current (8:55 am ET) QQQQ pre-market price: 45.56 +0.19 +0.42%

Preceding day market actions:
None

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,
07/17/08)
Long UQQLU Dec 47 Call
Short UQQLZ Dec 52 Call
Net Debit 4.45
3. Bull Debit Call Spread (bought on 5/21/08 @2.07, target 2.30)
Long UQQIT Q3Sep 46 Call
Short UQQIW 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 Q3Sep 47 Call
Short UQQIX Q3Sep 50 Call
Net Debit 2.9568
6. Long OZCAQ Jan9 43 Call (BTO @5.56 on 6/27/08, target 6.22)
7. Long QQQAR Jan9 44 Call (BTO @4.45 on 7/17/08, target 5.06)
8. Bull Debit Call Spread (bought @2.14 on 07/17/08, target 2.35):
Long QQQIP Sep 42 Call
Short QQQIS Sep 45 Call

Alerts: None

Wednesday, July 23, 2008

QQQQ Morning Update

Wednesday, July 23, 2008, 8:55 AM EST

Closing price:
44.78 0.00 0.00%
Posted a solid gain

The tech sector erased early losses. The opening pullback was caused by
AAPL and TXN. Large traders accumulated call options. This activity
indicates that they intend to push the tech sector higher.

Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH

Current (8:55 am ET) QQQQ pre-market price: 44.96 +0.18 +0.40%

Preceding day market actions:
None

Alerts: None

Tuesday, July 22, 2008

QQQQ Alert: Sep 42/45 C Spread Target

NEW TARGET
GTC Limit Order
BTC QQQIS QQQQ Sep 45 Call
STC QQQIP QQQQ Sep 42 Call
Credit 2.35

QQQQ Morning Update

Tuesday, July 22, 2008, 8:55 AM EST

Closing price:
44.78 +0.19 +0.43%
Awaiting earnings reports

Apple (AAPL) beat estimates but dropped 10% on weak outlook. YHOO and
activist investor Carl Icahn have reached an agreement. MSFT and GOOG
slipped again.

Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH

Current (8:55 am ET) QQQQ pre-market price: 44.11 -0.67 -1.50%

Preceding day market actions:
None

Alerts: None

Monday, July 21, 2008

QQQQ Morning Update

Monday, July 21, 2008, 8:55 AM EST

Closing price:
44.59 -1.05 -2.30%
Slid on weak earnings

Disappointing earnings weighed heavily on the tech sector. However,
reports from four technology giants suggest the tech sector is weathering
the economic slowdown better than other industries.

Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH

Current (8:55 am ET) QQQQ pre-market price: 45.10 +0.51 +1.14%

Preceding day market actions:
None

Alerts: None

Friday, July 18, 2008

QQQQ Morning Update

Friday, July 18, 2008, 8:55 AM EST
Closing price:
45.64 +0.30 +0.66%
Extended gains on strong financials

Semiconductors led the rally. EBAY was weak.
AFTER HOURS: MSFT, AMD and GOOG disappointed.

Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
Current (8:55 am ET) QQQQ pre-market price: 45.17 -0.47 -1.03%

Preceding day market actions:
1. Rolled Jul 46/49 Call Spread:
BTC QQQGW Jul 49 Call @ .01
STC QQQGT Jul 46 Call @ .22
BTO UQQLU Dec 47 Call @ 2.68
STO UQQLZ Dec 52 Call @ .89
Net Debit 1.58
2. Opened Debit Call Spread:
BTO QQQIP Sep 42 Call @ 4.70
STO QQQIS Sep 45 Call @ 2.56
Debit 2.14
3. STC QQQAR Jan9 44 Call @ 4.65 with 10.7% Gain in 2 Days!
4. BTO QQQAR QQQQ Jan9 44 Call @ 4.45
Target 5.06

Alerts: None

Thursday, July 17, 2008

QQQQ Alert: Sep 42/45 Closing

GTC Limit Order
Close Debit Call Spread
BTC QQQIS QQQQ Sep 45 Call
STC QQQIP QQQQ Sep 42 Call
Credit 2.42

QQQQ Alert: Sep 42/45 Call Spread Updated

Day Limit Order UODATED
Open Debit Call Spread
BTO QQQIP QQQQ Sep 42 Call
STO QQQIS QQQQ Sep 45 Call
Debit 2.20

QQQQ Alert: Sep 42/45 Call Spread

Day Limit Order
Open Debit Call Spread
BTO QQQIP QQQQ Sep 42 Call
STO QQQIS QQQQ Sep 45 Call
Debit 2.14

QQQQ Alerts: Roll Updated + buy Jan9 44 Call

1. Day Limit Order
ROLL Updated
Debit Call Spread
BTC QQQGW QQQQ Jul 49 Call
STC QQQGT QQQQ Jul 46 Call
BTO UQQLU QQQQ Q4 Dec 47 Call
STO UQQLZ QQQQ Q4 Dec 52 Call
Debit 1.58

2. BTO QQQAR QQQQ Jan9 44 Call at 4.60
Target 5.06

QQQQ Alert: Roll

Day Limit Order
ROLL
Debit Call Spread
BTC QQQGW QQQQ Jul 49 Call
STC QQQGT QQQQ Jul 46 Call
BTO UQQLU QQQQ Q4 Dec 47 Call
STO UQQLZ QQQQ Q4 Dec 52 Call
Debit 1.55

QQQQ Morning Update

Thursday, July 17, 2008, 8:45 AM EST
Closing price:
45.34 +1.10 +2.49%
Bottomed out as we predicted
The tech sector performed in-line with the market. INTC was unable to
ignite the techs because margins were on the low side of previous
guidance.
AFTER HOURS: EBAY reported in-line, guidance was weak, the stock fell 6%.
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
Current (8:45 am ET) QQQQ pre-market price: 45.66 +0.32 +0.71%
Preceding day market actions:
None
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
6. Long OZCAQ Jan9 43 Call (BTO @5.56 on 6/27/08, target 6.22)
7. Long QQQAR Jan9 44 Call (BTO @4.20 on 7/15/08, target 4.65)
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.

QQQQ Morning Update

Wednesday, July 16, 2008

QQQQ Morning Update

Wednesday, July 16, 2008, 8:55 AM EST

Closing price:
44.24 +0.01 +0.02%
Tested the bottom

MSFT and INTC were strong. AAPL and GOOG slid further. The tech sector
badly needed a catalyst.
INTC beat estimates on strong laptop sales and impressed the after-hours
market.

Intermediate-term outlook: BULLISH
Short-term outlook: NEUTRAL
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH

Current (8:45 am ET) QQQQ pre-market price: 44.19 -0.05 -0.11%

Preceding day market actions:
Bought QQQAR QQQQ Jan9 44 Call @ 4.20

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
6. Long OZCAQ Jan9 43 Call (BTO @5.56 on 6/27/08, target 6.22)
7. Long QQQAR Jan9 44 Call (BTO @4.20 on 7/15/08, target 4.65)

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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Tuesday, July 15, 2008

QQQQ Alert: Jan9 44 Call updated

Market Order UPDATED!
BTO QQQAR QQQQ Jan9 44 Call at the market
Target 4.65

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QQQQ Alert: Jan9 44 Call

Day Limit Order
BTO QQQAR QQQQ Jan9 44 Call at 4.20
Target 4.62

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QQQQ Morning Update

Tuesday, July 15, 2008, 8:45 AM EST

Closing price:
44.23 -0.33 -0.74%
Tested the bottom

Large-cap tech names showed particular weakness. GOOG was down more than
2%. AAPL added 1%.

Intermediate-term outlook: BULLISH
Short-term outlook: NEUTRAL
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH

Current (8:45 am ET) QQQQ pre-market price: 44.00 -0.23 -0.52%

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 1/28/08, 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
6. Long OZCAQ Jan9 43 Call (BTO @ 5.56 on 6/27/08, target 6.22)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/membership/qqqq/

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Monday, July 14, 2008

QQQQ Morning Update

Monday, July 14, 2008, 8:45 AM EST

Closing price:
44.56 -0.72 -1.59%
Managed to hold the 44.50 level on a closing basis

The tech sector erased intra-day looses. Yahoo rejected proposal from
Microsoft. Infosys net profit gained 21% in Q1.

Intermediate-term outlook: BULLISH
Short-term outlook: NEUTRAL
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH

Current (8:45 am ET) QQQQ pre-market price: 45.17 +0.61 +1.37%

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 1/28/08, 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
6. Long OZCAQ Jan9 43 Call (BTO @ 5.56 on 6/27/08, target 6.22)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/membership/qqqq/

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Friday, July 11, 2008

QQQQ Morning Update

Friday, July 11, 2008, 8:45 AM EST

Closing price:
45.28 +0.53 +1.18%
Closed higher on bargain-hunting

MSFT, INTC, DELL and CSCO led the tech sector higher.
AAPL rose 1.4% a day ahead of the release of the next version
of the iPhone. The chart clearly shows a bottom.

Intermediate-term outlook: BULLISH
Short-term outlook: NEUTRAL
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH

Current (8:45 am ET) QQQQ pre-market price: 44.66 -0.62 -1.37%

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 1/28/08, 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
6. Long OZCAQ Jan9 43 Call (BTO @ 5.56 on 6/27/08, target 6.22)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/membership/qqqq/

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QQQQ Morning Update

Friday, July 11, 2008, 3:05 AM EST

Closing price:
45.28 +0.53 +1.18%
Closed higher on bargain-hunting

MSFT, INTC, DELL and CSCO led the tech sector higher.
AAPL rose 1.4% a day ahead of the release of the next version
of the iPhone. The chart clearly shows a bottom.

Intermediate-term outlook: BULLISH
Short-term outlook: NEUTRAL
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH

Current (3:05 am ET) NASDAQ Futures: +1.25 1845.50

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 1/28/08, 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
6. Long OZCAQ Jan9 43 Call (BTO @ 5.56 on 6/27/08, target 6.22)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/membership/qqqq/

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Thursday, July 10, 2008

QQQQ Morning Update

Thursday, July 10, 2008, 8:55 AM EST

Closing price:
44.75 -1.22 -2.65%
UBS said that Cisco faces challenges due to slowing sales. INTU
downgraded.

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

TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:55 pm ET) QQQQ pre-market price: 44.86 +0.11+0.25%

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 1/28/08, 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
6. Long OZCAQ Jan9 43 Call (BTO @ 5.56 on 6/27/08, target 6.22)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
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Wednesday, July 9, 2008

QQQQ Morning Update

Wednesday, July 9, 2008, 8:55 AM EST

Closing price:
45.97 +1.07 +2.38%
AAPL, QCOM and EBAY were very strong. Implied volatility moved lower as
large traders sold put options.

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

TODAY'S PRE-MARKET SENTIMENT: NEUTRAL
Current (8:55 pm ET) QQQQ pre-market price: 45.98 +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 1/28/08, 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
6. Long OZCAQ Jan9 43 Call (BTO @ 5.56 on 6/27/08, target 6.22)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
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Tuesday, July 8, 2008

QQQQ Morning Update

Tuesday, July 7, 2008, 8:55 AM EST

Closing price:
44.90 +0.27 +0.60%
YHOO jumped 11% on speculation of a possible major transaction. AAPL was
strong as well. Other large-cap names looked for direction. The market
needs a catalyst to jump.

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

TODAY'S PRE-MARKET SENTIMENT: NEUTRAL
Current (8:55 pm ET) QQQQ pre-market price: 44.88 -0.02 -0.04%

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 1/28/08, 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
6. Long OZCAQ Jan9 43 Call (BTO @ 5.56 on 6/27/08, target 6.22)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/membership/qqqq/

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Monday, July 7, 2008

QQQQ Morning Update

Monday, July 7, 2008, 8:50 AM EST

Closing price:
44.63 -0.08 -0.18%
NVDA plummeted 30% on disappointing outlook. All semiconductors were weak.
GOOG was strong.

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

TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:50 pm ET) QQQQ pre-market price: 44.85 +0.22 +0.49%

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 1/28/08, 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
6. Long OZCAQ Jan9 43 Call (BTO @ 5.56 on 6/27/08, target 6.22)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
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Thursday, July 3, 2008

QQQQ Morning Update

Thursday, July 3, 2008, 8:50 AM EST

Closing price:
44.71 -1.10 -2.40%
Microsoft may still have interest in Yahoo. Michael Dell bought $100
million worth of the company stock. AAPL, INTC, AMD were weak.

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

TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:50 pm ET) QQQQ pre-market price: 44.88 +0.17 +0.38%

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 1/28/08, 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
6. Long OZCAQ Jan9 43 Call (BTO @ 5.56 on 6/27/08, target 6.22)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
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Wednesday, July 2, 2008

QQQQ Morning Update

Wednesday, July 2, 2008, 8:50 AM EST

Closing price:
45.81 +0.64 +1.42%
AAPL and GOOG led the tech sector higher. YHOO was very weak.
Option activity indicates a bullish play.

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

TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:50 pm ET) QQQQ pre-market price: 46.10 +0.29 +0.63%

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 1/28/08, 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
6. Long OZCAQ Jan9 43 Call (BTO @ 5.56 on 6/27/08, target 6.22)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/membership/qqqq/

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Tuesday, July 1, 2008

QQQQ Morning Update

Tuesday, July 1, 2008, 8:50 AM EST

Closing price:
45.17 -0.48 -1.05%
CSCO and AAPL were very weak. ERTS upgraded. YHOO fell 3%.

Large-cap tech names were under pressure. RIMM and ORCL tumbled after
disappointing earnings reports. MU dropped 15% on weak earnings.

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

TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:40 pm ET) QQQQ pre-market price: 44.74 -0.43 -0.95%

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 1/28/08, 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
6. Long OZCAQ Jan9 43 Call (BTO @ 5.56 on 6/27/08, target 6.22)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/membership/qqqq/

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Thursday, July 31, 2008

Wednesday, July 30, 2008

Tuesday, July 29, 2008

Monday, July 28, 2008

Friday, July 25, 2008

Thursday, July 24, 2008

Wednesday, July 23, 2008

Tuesday, July 22, 2008

Monday, July 21, 2008

Friday, July 18, 2008

Thursday, July 17, 2008

Wednesday, July 16, 2008

Tuesday, July 15, 2008

Monday, July 14, 2008

Friday, July 11, 2008

Thursday, July 10, 2008

Wednesday, July 9, 2008

Tuesday, July 8, 2008

Monday, July 7, 2008

Thursday, July 3, 2008

Wednesday, July 2, 2008

Tuesday, July 1, 2008

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