Wednesday, September 10, 2008

QQQQ Morning Update

Wednesday, September 10, 2008, 8:40 AM EST

Closing price:
42.45 -0.86 -1.99% -0.14 -0.32%
Plummeted on a broad-based weakness
AAPL unveiled new iPods but failed to impress the market. The chip sector
also took a pounding. One of the few gainers for the session was HPQ.

Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT:BULLISH
Current (8:40 am ET) QQQQ pre-market price: 42.81 +0.36 +0.85%

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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