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:
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The OptionSmart Team
qqq@optionsmart.org
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appears on our subscription records. It may not be copied, faxed,
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