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.

-------------------------------------------------------------------
To unsubscribe from our periodic e-mail messages, please click the following link:
http://www.optionsmart.com/amember/unsubscribe.php?e=admin1129.optionsmart%40blogger.com&s=a3af

-------------------------------------------------------------------