OptionSmart: August 2008

Friday, August 29, 2008

QQQQ Morning Update

Friday, August 29, 2008, 8:56 AM EST

Closing price:
47.11 +0.38 +0.81%%
Extended gains on positive economic news

The trading volume was low again. Stocks rose on positive macroeconomic
data. MSFT, CSCO, ORCL were strong.
AFTER HOURS: DELL missed estimates by $0.05 and lost 10.2%, MRVL posted
earnings $0.02 ahead of consensus, but lost 1.5%

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: 46.75 -0.36 -0.76%

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 QQQAW JAN9 49 Call (bought @2.86 on 8/13/08, target 3.15)
7. Bull Debit Call Spread (bought on 08/18/08 @ 2.08, target 2.29)
Long UQQIS Q3Sep 45 Call
Short UQQIV Q3Sep 48 Call
8. Long QQQAW Jan9 49 Call (bought on 08/18/08 @ 2.84, target 3.13)
9. Long QQQAX Jan9 50 Call (bought on 08/25/08 @ 1.82, target 2.01)

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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Thursday, August 28, 2008

QQQQ Morning Update

Thursday, August 28, 2008, 8:56 AM EST

Closing price:
46.73 +0.30 +0.65%
Posted gains despite rising oil

Trading volume was very light. Stocks rose on economic news. INTC and AAPL
were strong.

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

Current (8:55 am ET) QQQQ pre-market price: 46.99 +0.26 +0.56%

Preceding day market actions:
None

Alerts: None

Wednesday, August 27, 2008

QQQQ Morning Update

Wednesday, August 27, 2008, 8:56 AM EST

Closing price:
46.43 -0.06 -0.12%
Little changed after a choppy session

The trading volume was extremely low. AAPL and DELL were strong. BRCM
plunged 5% on downgrade.

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: 46.54 +0.11 +0.24%

Preceding day market actions:
None

Alerts: None

Tuesday, August 26, 2008

QQQQ Morning Update

Tuesday, August 26, 2008, 8:40 AM EST

Closing price:
46.49 -1.00 -2.11%
Plunged on rising oil and weak financials

One of the day's few gainers was AMD. Trade was particularly light, even
for the end of summer, making it likely that any moves were more
exaggerated than normal.

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

Current (8:40 am ET) QQQQ pre-market price: 46.51 +0.02 +0.04%

Preceding day market actions:
Bought QQQQAX QQQQ Jan9 50 Call at 1.82, target 2.01

Alerts: None

Monday, August 25, 2008

QQQQ Alert: Jan 50 Call

Day Limit Order
BTO QQQQAX QQQQ Jan50 Call at 1.82
Target 2.01

QQQQ Morning Update

Monday, August 25, 2008, 8:40 AM EST

Closing price:
47.49 +0.62 +1.32%
Bounced back on falling oil

Bernanke helped calm some fear about inflation. AAPL rose 1.2% on 3G
iPhone sales. INTU jumped on a better-than-expected forecast.

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

Current (8:40 am ET) QQQQ pre-market price: 47.19 -0.30 -0.63%

Preceding day market actions:
None

Alerts: None

Friday, August 22, 2008

QQQQ Morning Update

Friday, August 22, 2008, 8:40 AM EST

Closing price:
46.87 -0.22 -0.47%
Slipped on weak economic data

INTC, MSFT and AAPL led the tech sector down. There was no apparent
catalyst behind this drop.

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

Current (8:40 am ET) QQQQ pre-market price: 47.14 +0.27 +0.58%

Preceding day market actions:
None

Alerts: None

Thursday, August 21, 2008

QQQQ Morning Update

Thursday, August 21, 2008, 8:40 AM EST

Closing price:
47.09 +0.08 +0.17%
Tried to form a bottom at 47 levels

The tech sector digested HPQ earnings, erased intra-day losses and
finished in the green. HPQ extended pre-market gains and rose 5.7%. Other
tech stocks were strong. Losses came from MSFT and INTC..

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

Current (8:40 am ET) QQQQ pre-market price: 46.81 -0.28 -0.59%

Preceding day market actions:
None

Alerts: None

Wednesday, August 20, 2008

QQQQ Morning Update

Wednesday, August 20, 2008, 8:40 AM EST

Closing price:
47.01 -0.59 -1.24%
Lacked buying interest

Economic data brought disappointing news. AAPL lost 1% after positive
comments.
AFTER HOURS: HPQ rose 2% on strong earnings.

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

Current (8:50 am ET) QQQQ pre-market price: 47.24 +0.23 +0.49%

Preceding day market actions:
None

Alerts: None

Tuesday, August 19, 2008

QQQQ Morning Update

Tuesday, August 19, 2008, 8:40 AM EST

Closing price:
47.60 -0.56 -1.16%
Plunged on profit-taking

The tech sector looked for an excuse to take money off the table. BRCM was strong but all almost all other big cap tech names were weak. The stock bounced back from intraday lows. It looks like it didn't want to touch the 200-day moving average.

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

Current (8:45 am ET) QQQQ pre-market price: 47.40 -0.20 -0.42%

Preceding day market actions:
1. BTO Q3 Sep 45/48 Call Spread @ 2.08
2. BTO QQQAW Jan9 49 Call @ 2.84

8. Long QQQAW Jan9 49 Call (bought on 08/18/08 @ 2.84, target 3.13)

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.

Monday, August 18, 2008

QQQQ Alert updated

1. Day Limit Order updated
Open Debit Call Spread
BTO UQQIS QQQQ Q3Sep 45 Call
STO UQQIV QQQQ Q3Sep 48 Call
Debit 2.12
Target Credit 2.33

2. Day Limit Order updated
BTO QQQAW Jan9 49 Call at 2.84 Target 3.13

QQQQ Alert

1. Day Limit Order
Open Debit Call Spread
BTO UQQIS QQQQ Q3Sep 45 Call
STO UQQIV QQQQ Q3Sep 48 Call
Debit 2.08
Target Credit 2.29

2. Day Limit Order
BTO QQQAW Jan9 49 Call at 2.79 Target 3.07

QQQQ Morning Update

Monday, August 18, 2008, 8:55 AM EST

Closing price:
48.16 -0.09 -0.19%
Little changed amid mixed economic data

AAPL fell 2% on negative comments on iPhone. However, its option activity
indicates that large traders bet on an upturn. ADSK topped forecasts and
jumped 13%. CSCO finished in green. INTC and MSFT were weak.

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: 48.38 +0.22 +0.46%

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 QQQAW QQQQ JAN9 49 Call (BTO @2.86 on 8/13/08, target 3.15)

Alerts: None

Friday, August 15, 2008

QQQQ Morning Update

Friday, August 15, 2008, 8:55 AM EST

Closing price:
48.25 +0.55 +1.15%
Posted healthy gains

NVDA, DELL and ORCL led the tech sector up as investors in semiconductors
bet on a gross margin and pricing bottom. AAPL faced a list of problems
with 3G iPhone and finished green. We expect this rally to continue at
least for the short term.

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: 48.33 +0.08 +0.17%

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 QQQAW QQQQ JAN9 49 Call (BTO @2.86 on 8/13/08, target 3.15)

Alerts: None

Thursday, August 14, 2008

QQQQ Morning Update

Thursday, August 14, 2008, 8:55 AM EST

Closing price:
47.70 -0.10 -0.21%
Looked for direction

The tech sector recovered from a 1% decline and managed to stay about the
200-day moving average. AAPL was very strong. AMAT expressed optimism
about the coming quarters.

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

Current (8:55 am ET) QQQQ pre-market price: 47.54 -0.16 -0.34%

Preceding day market actions:
Bought QQQAW QQQQ JAN9 49 Call at 2.86, target 3.15

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 QQQAW QQQQ JAN9 49 Call (BTO @2.86 on 8/13/08, target 3.15)

Alerts: None

Wednesday, August 13, 2008

QQQQ Alert: Jan9 49 Call

GTC Limit Order
STC QQQAW QQQQ JAN9 49 Call at 3.15

QQQQ Alert: Jan9 49 Call updated

Day Limit Order Updated
BTO QQQAW QQQQ JAN9 49 Call at 2.88
Target 3.18

QQQQ Alert: Jan9 49 Call

Day Limit Order
BTO QQQAW QQQQ JAN9 49 Call at 2.86
Target 3.16

QQQQ Morning Update

Wednesday, August 13, 2008, 8:45 AM EST

Closing price:
47.80 +0.05 +0.10%
Outperformed the broader market

AMD, SNDK and TXN advanced. RIMM and EBAY led the retreat. AAPL remained
strong.
QQQQ added 0.1% after hours.

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

Current (8:40 am ET) QQQQ pre-market price: 47.78 -0.02 -0.04%

Preceding day market actions:
None

Alerts: None

Tuesday, August 12, 2008

QQQQ Morning Update

Tuesday, August 12, 2008, 8:45 AM EST

Closing price:
47.75 +0.43 +0.91%
Extended gains on positive corporate news

AMZN jumped 9% of positive comments from Citi. SBUX surged 7% on
valuation.

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

Current (8:40 am ET) QQQQ pre-market price: 47.74 -0.01 -0.02%

Preceding day market actions:
Sold Jan9 43 Call @6.22 with 11.9% gain in 45 days!

Alerts: None

Monday, August 11, 2008

QQQQ Morning Update

Monday, August 11, 2008, 8:45 AM EST

Closing price:
47.32 +1.05 +2.27%
Surged on sinking oil and strong dollar

Almost all big names added 2-3%. YHOO was weak. QQQQ finished above 200MA.

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

Current (8:40 am ET) QQQQ pre-market price: 47.30 -0.02 -0.04%

Preceding day market actions:
Sold Jan9 44 Call @5.06 with 13.7% gain in 22 days!

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)

Alerts: None

Friday, August 8, 2008

QQQQ Morning Update

Friday, August 8, 2008, 8:42 AM EST

Closing price:
46.27 -0.36 -0.77%
Outperformed on a relative basis

he stock market posted a steep loss. Semiconductor stocks and CSCO were
strong. INTC jumped after Citigroup's comments.

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

Current (8:40 am ET) QQQQ pre-market price: 46.40 +0.13 +0.28%

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)

Alerts: None

Thursday, August 7, 2008

QQQQ Morning Update

Thursday, August 7, 2008, 8:42 AM EST

Closing price:
46.63 +0.70 +1.52%
Extended rally on strength in Cisco and Microsoft

Microsoft will buy back as much as $20 billion shares. Cisco reiterated
its long-term growth rate guidance of 12% to 17%.
Large traders dump put options and bet on an upturn. AFTER HOURS: Cisco
topped estimates and jumped 7%.

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

Current (8:55 am ET) QQQQ pre-market price: 46.27 -0.36 -0.77%

Preceding day market actions:
Sold Debit Sep 42/45 Call Spread @ 2.34 with 9.4% gain in 20 days!

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)

Alerts: None

Wednesday, August 6, 2008

QQQQ Alert: new target

NEW TARGET
GTC Limit Order
Close Bull Debit Call Spread
BTC QQQIS QQQQ Sep 45 Call
STC QQQIP QQQQ Sep 42 Call
Credit 2.34

QQQQ Morning Update

Wednesday, August 6, 2008, 8:55 AM EST

Closing price:
45.93 +1.50 +3.38%
Surged on Fed's comments and economic data

CSCO, AAPL and GOOG led the broad-based rally in the tech sector. Call
options activity indicates that large-cap names are now poised to rebound
from their lengthy slump.
AFTER HOURS: Cisco topped estimates and jumped 7%.

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

Current (8:55 am ET) QQQQ pre-market price: 45.96 +0.03 +0.07%

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

Tuesday, August 5, 2008

QQQQ Morning Update

Tuesday, August 5, 2008, 8:55 AM EST

Closing price:
44.43 -0.45 -1.00%
Plunged on weak macroeconomic data

Motorola jumped 11% after positive comments. Dell upgraded and added 4%.
Apple was weak. Cisco is scheduled to report earnings today and expected
to post a 10% sales rise as demand remains strong.

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

Current (8:55 am ET) QQQQ pre-market price: 44.86 +0.43 +0.97%

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

Monday, August 4, 2008

QQQQ Morning Update

Monday, August 4, 2008, 8:55 AM EST

Closing price:
44.88 -0.58 -1.28%
Posted a modest decline

QQQQ posted a modest decline after a rise in crude oil prices. Sun
Mirosystems (JAVA) reported a slump in quarterly profit and plunged 12%,
AAPL lost at t2%.

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

Current (8:55 am ET) QQQQ pre-market price: 44.75 -0.13 -0.29%

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

Friday, August 1, 2008

QQQQ Morning Update

Friday, August 1, 2008, 8:55 AM EST

Closing price:
45.46 -0.11 -0.24%
Outperformed the broader market

The QQQQ stock closed with a modest loss. Surprisingly, it was immune to
negative macroeconomic news. AMAT added 0.6%.

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: 45.65 +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

Friday, August 29, 2008

Thursday, August 28, 2008

Wednesday, August 27, 2008

Tuesday, August 26, 2008

Monday, August 25, 2008

Friday, August 22, 2008

Thursday, August 21, 2008

Wednesday, August 20, 2008

Tuesday, August 19, 2008

Monday, August 18, 2008

Friday, August 15, 2008

Thursday, August 14, 2008

Wednesday, August 13, 2008

Tuesday, August 12, 2008

Monday, August 11, 2008

Friday, August 8, 2008

Thursday, August 7, 2008

Wednesday, August 6, 2008

Tuesday, August 5, 2008

Monday, August 4, 2008

Friday, August 1, 2008

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