Closing price: 41.50 +0.65 +1.59%
Followed the broader market
ORCL jumped 3% after the software giant said it will begin selling servers
with Hewlett-Packard. MSFT, GOOG and AAPL also advanced.
AFTER HOURS: Bush's unity meeting failed.
Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: VERY BEARISH
Current (8:50 am ET) QQQQ pre-market price: 40.10 -1.40 3.37%
Preceding day market actions:
Rolled Debit Call spread:
BTC UQQIV QQQQ Q3Sep 48 Call
STC UQQIS QQQQ Q3Sep 45 Call
BTO QQQAS QQQQ Jan 45 Call
STO QQQAW QQQQ Jan 49 Call
Net Debit 0.95
Open positions:
1. Long QQQAN Jan 40 Call (bought on 9/22/08 @3.90, target 4.30)
2. Long QQQAX Jan9 50 Call (bought on 08/25/08 @ 1.82, target 2.01)
3. Long QQQAW Jan9 49 Call (bought on 08/18/08 @ 2.84, target 3.13)
4. Bull Debit Call Spread (bought on 08/18/08 @ 2.08, rolled on 9/25/08)
Long QQQAS Jan 45 Call
Short QQQAW Jan 49 Call
Net Debit 3.03
5. Long QQQAW QQQQ Jan9 49 Call (BTO @2.86 on 8/13/08, target 3.15)
6. Bull Debit Call Spread (bought on 6/06/08 @2.20, rolled on 6/25/08,
9/23/08)
Long QQQCU Mar 47 Call
Short QQQCY Mar 51 Call
Net Debit 3.7068
7. Long QQQQ stock (bought @49.96 on 6/06/08)
8. Bull Debit Call Spread (bought on 5/21/08, rolled on 9/24/08)
Long UQQCT Q1Mar 46 Call
Short UQQCW Q1Mar 49 Call
Net Debit 2.82
9. 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
10. 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
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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