QQQQ Morning Update

Monday, May 5, 2008, 8:50 AM EST

Closing price:
48.77 +0.07 +0.14%
Struggling to stay above 200MA

Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: NEUTRAL
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:40) QQQQ pre-market price: 48.64 -0.13 -0.27

QQQQ needed a catalyst to move higher. Cisco shares were treading water ahead of Tuesday’s earnings. Its June calls were heavily trafficked. It indicates that large traders bet on an upward movement.

Preceding days market actions:
1. BTO UQQIU Q3Sep 47 Call at 4.0398
2. Bought Debit Call Spread at 2.18
BTO UQQFS Q2Jun 45 Call
STO UQQFV Q2Jun 48 Call

Alerts: None

CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Long QQQQ stock (BTO @47.83 on 4/30/08)
4. Long UQQIT Q3Sep 46 Call (BTO @ 4.19 on 4/30/08, Target 4.60)
5. Debit Call Spread (BTO @2.23 on 4/30/08)
Long UQQFR Q2Jun 44 Call
Short UQQFU Q2Jun 47 Call
6. Long UQQIU Q3Sep 47 Call (BTO @ 4.0398 on 5/02/08, Target 4.50)
7. Debit Call Spread (BTO @2.18 on 5/02/08)
Long UQQFS Q2Jun 45 Call
Short UQQFV Q2Jun 48 Call

Open the QQQQ main page for today's technical signals, reports and
charts:
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The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert: Q2Jun Spread corrected

Day Limit Order corrected
Open Debit Call Spread
BTO UQQFS QQQQ Q2Jun 45 Call
STO UQQFV QQQQ Q2Jun 48 Call Debit 2.18

QQQQ Alert: Q2Jun Spread

Day Limit Order Open Debit Call Spread
BTO UQQFC QQQQ Q2Jun 45 Call
STO UQQFV QQQQ Q2Jun 48 Call Debit 2.18

QQQQ Alert

Day Limit Order
BTO UQQIU QQQQ Q3Sep 47 Call at 4.04
Target 4.50

QQQQ Morning Update

Friday, May 2, 2008, 8:40 AM EST
Closing price: 47.21
QQQQ finished more than 3% higher and above the 200MA mark.
Big tech names showed strength. We expect more upside today.
Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: NEUTRAL
Current (8:40) QQQQ pre-market price: 48.61 -0.09 -0.18%

Preceding days market actions:
April 30, 2008:
1. Sold Q2Jun 47 Calls with 15.4% in 2 days!
2. Sold May 41/44 Debit Call Spread at 2.88 with 28% gain in 33 days!
3. Sold the QQQQ stock at 47.90 with 2.6% gain in 9 days!
4. Bought Debit Call Spread at 2.23
BTO UQQFR Q2Jun 44 Call
STO UQQFU Q2Jun 47 Call
5. Bought QQQQ Stock @47.83
6. BTO UQQIT Q3Sep 46 Call @ 4.19

May 1, 2008:

1. Sold Debit Call Spread for 2.50 with 14.7% in 8 days!
BTC UQQFT Q2Jun 46 Call
STC UQQFQ Q2Jun 43 Calll

2. STC UQQIT Q3Sep 46 Call at 4.60 with 9.7% in one day! (partial fill)

Alerts: None

CURRENT OPEN POSITIONS
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Long QQQQ stock (BTO @47.83 on 4/30/08)
4. Long UQQIT Q3Sep 46 Call (BTO @ 4.19 on 4/30/08, Target 4.60)
5. Debit Call Spread (BTO @2.23 on 4/30/08)
Long UQQFR Q2Jun 44 Call
Short UQQFU Q2Jun 47 Call

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Friday, May 2, 2008, 8:40 AM EST

QQQQ Morning Update

Friday, May 2, 2008, 8:40 AM EST

QQQQ Morning Update

Friday, May 2, 2008, 8:40 AM EST

QQQQ Alert

GTC Limit Order: Close Debit Call Spread
BTC UQQFT Q2Jun 46 Call STC UQQFQ Q2Jun 43 Call Credit 2.50

QQQQ Alert

GTC Limit Order
Close Debit Call Spread
BTC UQQFT Q2Jun 46 Call

QQQQ Morning Update

Thursday, May 1, 2008, 8:50 AM EST

Closing prices:
47.21 -0.39 -0.82%
QQQQ was unable to cross the 200MA line
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: 47.32+0.11 +0.23%

QQQQ Alert

GTC Limit Order
Close Debit Call Spread
BTC UQQFU QQQQ Q2Jun 47 Call
STC UQQFR QQQQ Q2Jun 44 Call
Credit 2.47

QQQQ Alert

Day Limit Order
Open Debit Call Spread
BTO UQQFR QQQQ Q2Jun 44 Call
STO UQQFU QQQQ Q2Jun 47 Call
Debit 2.23

QQQQ Alert cancel order

cancel order
Day Limit Order
Open Debit Call Spread
BTO UQQFR QQQQ Q2Jun 44 Call
STC UQQFU QQQQ Q2Jun 47 Call
Debit 2.20

QQQQ Alert

1. Day Limit Order
Open Debit Call Spread
BTO UQQFR QQQQ Q2Jun 44 Call
STC UQQFU QQQQ Q2Jun 47 Call
Debit 2.20

2. Buy QQQQ stock at the market

3. Day Limit Order
BTO UQQIT QQQQ Q3Sep 46 Call at 4.19
Target 4.60

QQQQ Alert

Day Limit Order
BTC QQQER QQQQ May 44 Call
STC QQQEO QQQQ May 41 Call
Credit 2.87

QQQQ Morning Update

Wednesday, April 30, 2008, 8:50 AM EST

Closing prices:
47.60 +0.36 +0.76%
Looked for direction

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: 47.77 +0.17 +0.36%

Traders were hesitant to make any concerted moves ahead of Wednesday's first quarter GDP reading and FOMC policy announcement.

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (BTO @2.25 on 3/28/08)
Long QQQEO May 41 Call
Short QQQER May 44 Call
4. Long QQQQ stock (BTO @46.68 on 4/21/08)
5. Debit Call Spread (BTO @2.18 on 04/23/08) Long UQQFQ Q2Jun 43 Call
Short UQQFT Q2Jun 46 Call
6. Long UQQFU QQQQ Q2Jun 47 Call @ 2.08 (BTO @ 2.08 on 4/28/08, Target 2.40)

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Tuesday, April 29, 2008, 8:50 AM EST

Closing prices:
47.24 +0.09 +0.19%
Approached a key resistance level

Intermediate-term outlook: BULLISH
Short-term outlook: BULLISH
Very short-term outlook: NEUTRAL
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:40 am ET) QQQQ pre-market price: 47.19 -0.05 -0.11%

QQQQ had digested negative news from Microsoft and successfully approached the 200MA line. This week will show whether the upward momentum is strong enough to cross this mark.

Preceding day market actions:
1. STC UQQFT Q2Jun 46 Call @ 2.75 (BTO @ 2.50 on 4/25/08) with 10% gain in 3 days!
2.BTO UQQFU QQQQ Q2Jun 47 Call @ 2.08

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (BTO @2.25 on 3/28/08)
Long QQQEO May 41 Call
Short QQQER May 44 Call
4. Long QQQQ stock (BTO @46.68 on 4/21/08)
5. Debit Call Spread (BTO @2.18 on 04/23/08) Long UQQFQ Q2Jun 43 Call
Short UQQFT Q2Jun 46 Call
6. Long UQQFU QQQQ Q2Jun 47 Call @ 2.08 (BTO @ 2.08 on 4/28/08, Target 2.40)

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert

Day Limit Order
BTO UQQFU QQQQ Q2Jun 47 Call at 2.14 Target 2.40

QQQQ Morning Update

Monday, April 28, 2008, 8:50 AM EST

Closing prices:
47.15 -0.12 -0.25%
Held its ground in spite of disappointing news from Microsoft

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: 47.28 +0.13 +0.28%

Microsoft shares staged a 6% decline. With twice as many calls as puts trading today, many traders were pessimistic about this stock. Puts at the May 28 strike were being bought heavily for 21 cents apiece.
The QQQQ's option activity illustrated a high level of confidence in its ability to move higher next week.

Preceding day market actions:
BTO UQQFT Q2Jun 46 Call @ 2.50 Target 2.75

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Net Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Net Debit 3.18
3. Bull Debit Call Spread (BTO @2.25 on 3/28/08)
Long QQQEO May 41 Call
Short QQQER May 44 Call
4. Long QQQQ stock (BTO @46.68 on 4/21/08)
5. Debit Call Spread (BTO @2.18 on 04/23/08) Long UQQFQ Q2Jun 43 Call
Short UQQFT Q2Jun 46 Call
6. Long UQQFT Q2Jun 46 Call (BTO @ 2.50 on 4/25/08, Target 2.75)

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert UPDATED 2

NEW ENTRY PRICE 2
Day Limit Order

BTO UQQFT Q2Jun 46 Call @ 2.50
Target 2.75

QQQQ Alert UPDATED

NEW ENTRY PRICE
Day Limit Order

BTO UQQFT Q2Jun 46 Call @ 2.45
Target 2.70

QQQQ Alert

Day Limit Order

BTO UQQFT Q2Jun 46 Call @ 2.40
Target 2.65

QQQQ Morning Update

Friday, April 25 2008, 8:50 AM EST

Closing prices:
47.27 +0.42 +0.90%
Flirted with 200-day MA

Intermediate-term outlook: BEARISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:40 am ET) QQQQ pre-market price: 47.32 +0.05 +0.11%

The initial disappointment on AAPL earnings faded quickly, as buyers stepped in again. Another disappointment on MSFT earnings reported last night greatly reduced chances to penetrate the 200-day moving average this week. It may offer a good entry point slightly below the 46.00 mark.

Preceding day market actions:
1. BTO OZCAS QQQQ Jan9 45 Call @ 5.27
2. STC OZCAS QQQQ Jan9 45 Call @ 5.80 with 10% gain in 6 hours!
3. STC UQQFS QQQQ Q2 Jun 45 Call @3.35 with 10% gain in 3 days!

Current Open Positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
4. Long QQQQ stock (bought at 46.68 on 4/21/08)
5. Debit Call Spread (bought at 2.18 on 04/23/08)
Long UQQFQ QQQQ Q2Jun 43 Call
Short UQQFT QQQQ Q2Jun 46 Call

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert

Day Limit Order
Buy to open OZCAS QQQQ Jan9 45 Call at 5.27
Target 5.80

QQQQ Alert

Day Limit Order
Buy to open AZCAS QQQQ Jan9 45 Call at 5.27
Target 5.80

QQQQ Alert

Day Limit Order
Buy to open AZCAS QQQQ Jan9 45 Call at 5.27
Target 5.80

QQQQ Morning Update

Thursday, April 24, 2008, 8:50 AM EST

Closing prices:
46.85 +0.51 +1.10%
Lifted by Large-cup Tech Names

Intermediate-term outlook: BEARISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: NEUTRAL
Current (8:40 am ET) QQQQ pre-market price: 46.74 -0.11 -0.23%

MSFT and AAPL were very strong. BRCM beat estimates and surged 16%.
AFTER HOURS: AAPL beat sales estimates, but its profit guidance looks weak. AMZN beat forecasts, but its guidance slightly disappointed. Both stocks slipped after hours.
There is better than a 50-50 chance for resuming the upward trend later today.

Preceding day market actions:
1. Opened Debit Call Spread
Bought to Open UQQFQ QQQQ Q2Jun 43 Call
Sold to Open UQQFT QQQQ Q2Jun 46 Call
Debit 2.18
2. Sold to Close OZCAR QQQQ Jan9 44 Call at 6.10
14.4% in 78 days!

Current Open Positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
4. Long UQQFS Q2Jun 45 Call at 3.05 (Bought at 3.04 on 4/21/08, Target 3.35)
5. Long QQQQ stock (bought at 46.68 on 4/21/08)
6. Debit Call Spread (bought at 2.18 on 04/23/08)
Long UQQFQ QQQQ Q2Jun 43 Call
Short UQQFT QQQQ Q2Jun 46 Call

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert

Day Limit Order
Open Debit Call Spread
BTO UQQFQ QQQQ Q2Jun 43 Call
STO UQQFT QQQQ Q2Jun 46 Call
Debit 2.20

QQQQ Alert

GTC Limit Order
Sell to Close OZCAR QQQQ Jan9 44 Call at 6.07

QQQQ Morning Update

Wednesday, April 23, 2008, 8:50 AM EST

Closing prices:
46.34 -0.70 -1.49%
Shed on Disappointing TXN Outlook

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: 46.55 +0.21 +0.45%

Semiconductors took the brunt of the selling pressure, as the subindustry fell 3.3%. Yahoo (YHOO) beat earnings estimates and impressed the market.

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. Long UQQFS Q2Jun 45 Call at 3.05 (Bought at 3.04 on 4/21/08, Target 3.35)
6. Long QQQQ stock (Bought at 46.68 on 4/21/08)

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Tuesday, April 22, 2008, 8:55 AM EST

Closing prices:
47.04 +0.33 +0.71%
Managed to Extend Its Gains Amid Mild Profit-taking

Intermediate-term outlook: BEARISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
Current (8:50 am ET) QQQQ pre-market price: 46.77 -0.27 -0.57%

Apple (AAPL) surged 5% after upgrade and led the NASDAQ market higher. Cisco (CSCO) and Google (GOOG) have been upgraded as well. We expect this momentum to continue.
Implied volatility slipped further. Hence, the short term upward trend still appears to be in place.

Preceding day market actions:
1. Bought the QQQQ stock at 46.68
2. Bought to Open UQQFS Q2Jun 45 Call at 3.04

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. Long UQQFS Q2Jun 45 Call at 3.05 (Bought at 3.04 on 4/21/08, Target 3.35)
6. Long QQQQ stock (Bought at 46.68 on 4/21/08)

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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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QQQQ Alert UPDATED

NEW ENTRY PRICE
Day Limit Alert
Buy to Open UQQFS QQQQ Q2JUN 45 Call at 3.05 Target 3.35

QQQQ Alerts

1. Day Limit Alert
Buy to Open UQQFS QQQQ Q2JUN 45 Call at 3.00 Target 3.30

2. Market Order
Buy QQQQ stock at the market
Target 47.90

QQQQ Alerts

1. Day Limit Alert
Buy to Open UQQFS QQQQ Q2JUN 45 Call at 3.00 Target 3.30

2. Market Order
Buy QQQQ stock at the market
Target 47.90

QQQQ Morning Update

Monday, April 21, 2008, 8:55 AM EST

Closing prices:
46.71 +1.44 +3.18%
Extended Gain On Positive Earnings Surprises

Intermediate-term outlook: BEARISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
Current (8:40 am ET) QQQQ pre-market price: 46.58 -0.13 -0.28%

INTC, IBM and GOOG encouraged large traders. Heavy traffic in May and June calls indicates that traders bet on an upturn.

Preceding day market actions:
1. Bought the bullish QQQQ May 42/45 debit call spread for 2.19 on April 2 and sold at 2.46 with a 12.3% gain 16 days later.
2. Bought QQQQ at 45.91 on 4/2/2008 and sold at 46.60 on 4/18/2008.
1.5% in 16 days!
3. Bought Q2 June 44 Call at 3.20 on 4/8/2008 and sold at 3.62 on 4/18/2008.
13.2% gain in 10 days!

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert

Day Limit Order
Sell to Close OZCAR QQQQ Jan 44 Call at 6.10

QQQQ Morning Update

Friday, April 18, 2008, 8:55 AM EST

Closing prices:
45.27 -0.10 -0.22%
Looked for Direction

Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: VERY BULLISH
Current (8:40 am ET) QQQQ pre-market price: 46.32 +1.05 +2.32%

The NASDAQ market needed more support from key companies. Google (GOOG) impressed the market and jumped 17% after-hours.

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41
7. Long UQQFR QQQQ Q2 Jun 44 Call (bought on 4/8/08 at 3.20, target 3.52)

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Thursday, April 17, 2008, 8:55 AM EST

Closing prices:
45.37 +1.23 +2.79%
Ignited by Intel

Intermediate-term outlook: BEARISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: NEUTRAL
Current (8:50 am ET) QQQQ pre-market price: 45.45 +0.08 +0.18%

The tech bellwether pushed NASDAQ-100 higher but this upward momentum needs further support from IBM. Its shares rose $3.30, or 2.8 percent, after hours.
Probably, IBM represents a very special case. It gets about half its money through contracts with recurring, annuity-like revenue streams. That makes IBM less vulnerable to downward cycles than other tech companies.

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41
7. Long UQQFR QQQQ Q2 Jun 44 Call (bought on 4/8/08 at 3.20, target 3.52)

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Wednesday, April 16, 2008, 8:50 AM EST

Closing prices:
44.14 +0.06 +0.14%
Impressed by Intel's Earnings

Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:40 am ET) QQQQ pre-market price: 44.77 +0.63 +1.43%

Intel (INTC) should power up tech shares today. Intel's sales forecast will provide some relief from economic data pointing to flagging consumer demand. The NASDAQ market is expected to bottom out in coming days. The preceding day candlestick pattern (hammer) was very bullish. Nevertheless, a lot depends on IBM earnings scheduled for today.

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41
7. Long UQQFR QQQQ Q2 Jun 44 Call (bought on 4/8/08 at 3.20, target 3.52)

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Tuesday, April 15, 2008, 8:50 AM EST

Closing prices:
44.08 -0.20 -0.45%
QQQQ Waiting for the Next Shoes to Drop?

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: 44.33 +0.25 +0.57%

We don't think so. Implied volatility for QQQQ remains low. No signs of panic. Large traders await IBM earnings scheduled today. The IBM stock consistently touches its top at $117 and is toying with a breakout.

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41
7. Long UQQFR QQQQ Q2 Jun 44 (bought on 4/8/08 at 3.20, target 3.52)

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Monday, April 14, 2008, 8:50 AM EST

Closing prices:
44.28 -1.26 -2.77%
QQQQ Hit By Earnings Disappointments

Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:40 am ET) QQQQ pre-market price: 43.94 -0.34 -0.77%

However, the Friday's options activity indicates that large traders didn't dump call options and remain bullish on the QQQQ.

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41
7. Long UQQFR QQQQ Q2 Jun 44 (bought on 4/8/08 at 3.20, target 3.52)

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Friday, April 11, 2008, 8:50 AM EST

Closing prices:
45.54 +0.64 +1.43%
QQQQ Bounced Off Important Support

Intermediate-term outlook: BEARISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: VERY BEARISH
Current (8:50 am ET) QQQQ pre-market price: 45.05 -0.49 -1.08%

Disappointing earnings from General Electric may push the market lower.

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41
7. Long UQQFR QQQQ Q2 Jun 44 (bought on 4/8/08 at 3.20, target 3.52)

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Thursday, April 10, 2008, 8:40 AM EST

Closing prices:
44.90 -0.451 -1.12%
QQQQ Lost Momentum Amid Profit Taking

Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BEARISH
Current (8:40 am ET) QQQQ pre-market price: -5.25 1832.00

The NASDAQ market is set slip further. Large traders await Q1 earnings. AAPL target has been raised. Consumer electronics retailer Circuit City (CC) beat estimates and jumpled 7% after hours.

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41
7. Long UQQFR QQQQ Q2 Jun 44 (bought on 4/8/08 at 3.20, target 3.52)
- Hide quoted text -

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Wednesday, April 9, 2008, 8:50 AM EST

Closing prices:
45.41 -0.45 -0.98%
Advanced Micro Devices (AMD) guided its revenue expectation below the consensus. Traders used this news as an excuse to take some profits off the table. Trading volumes are low.
Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: SLIGHTLY BULLISH
Current (8:45 am ET) QQQQ pre-market price: 45.51 +0.10 +0.22%

Preceding day market actions:
Bought to Open UQQFR QQQQ Q2 Jun 44 Call at 3.20

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41
7. Long UQQFR QQQQ Q2 Jun 44 (bought on 4/8/08 at 3.20, target 3.52)

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Wednesday, April 9, 2008, 8:50 AM EST

Closing prices:
45.41 -0.45 -0.98%
Advanced Micro Devices (AMD) guided its revenue expectation below the consensus. Traders used this news as an excuse to take some profits off the table. Trading volumes are low.
Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: SLIGHTLY BULLISH
Current (8:45 am ET) QQQQ pre-market price: 45.51 +0.10 +0.22%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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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QQQQ Alert: Q2 Jun 44 Call

Day Limit Order
Buy to Open UQQFR QQQQ Q2 Jun 44 Call at 3.20
Target 3.52

QQQQ Morning Update

Tuesday, April 8, 2008, 8:50 AM EST

Closing prices:
45.76 -0.10 -0.22%
AAPL and GOOG provided leadership. CSCO was very weak. Generally speaking, investors await the earnings season and avoid substantial bets. Implied volatility inched down again. Along with strong bullish technical signals, it indicates that the upward trend is set to continue in the short term.
Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: VERY BEARISH
Current (8:40 am ET) QQQQ pre-market price: 45.39 -0.37 -0.81%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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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QQQQ Morning Update

Monday, April 7, 2008, 8:50 AM EST

Closing prices:
45.86 +0.27 +0.59%
Seven of the ten sectors finished higher. GOOG, AAPL and EBAY were very strong. Implied volatility for QQQQ puts goes down very quickly to 25%. It suggests that large traders sell heavily put options and bet on the upturn.
Intermediate-term outlook: BEARISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: VERY BULLISH
Current (8:50 am ET) QQQQ pre-market price: 46.17 +0.31 +0.68%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

Join the ORCL's "Overreaction Play"

The company reported earnings in-line with expectations. The average earnings projections remained unchanged. However, the stock has been beat hard.
It looks like large traders just wanted to push the price lower. They convinced small investors to sell the stock, thus giving large traders get a chance to grab it at lower prices. The stock price should eventually get back on track. This crude trick will deliver lofty profits to large traders and to anyone who decides to join this play. It happens very rarely.
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Why to join?
Trendocrats manipulate stock markets and capitalize on your greed and fear. Do you recognize what is going on?

QQQQ Morning Update

Friday, April 4, 2008, 8:50 AM EST

Closing prices:
45.59 +0.10 (+0.22%)
Looking for Direction Amid Strength in AAPL and Weakness in CSCO
Implied volatility goes down to 26% because large traders keep dumping protective puts. It indicates that the upward trend is set to continue. However, a minor pullback seems very likely.
Intermediate-term outlook: BEARISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: VERY BULLISH
Current (8:55 am ET) QQQQ pre-market price: 45.90 +0.31 +0.68%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41

Alerts:
None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert: stock

GTC Limit Order
Sell QQQQ stock at 46.60

QQQQ Morning Update

Thursday, April 3, 2008, 8:50 AM EST

Closing prices:
45.49 -0.10 -0.22%
QQQQ little changed amid mixed economic news
AFTER-HOURS: RIMM beat estimates and added 3.7%

Intermediate-term outlook: BEARISH
Short-term outlook: BULLISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: VERY BEARISH
Current QQQQ pre-market price: 45.48 -0.01 -0.02%

Preceding day market actions:
1. Opened QQQQ stock at 45.91
2. Opened Debit Call Spread:
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
5. QQQQ (bought on 4/2/08 at 45.91, target 46.60)
6. Bull Debit Call Spread (opened 4/2/08):
Bought to Open QQQEP QQQQ May 42 Call
Sold to Open QQQES QQQQ May 45 Call
Debit 2.19, Target 2.41

Alerts:
1. QQQQ stock target 46.60
2. GTC Limit Order:
Close Debit Call Spread:
Buy to Close QQQES QQQQ May 45 Call
Sell to Close QQQEP QQQQ May 42 Call
Credit 2.41

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert: stock, May 42/45 spread

1. QQQQ stock target 46.60
2. GTC Limit Order:
Close Debit Call Spread:
Buy to Close QQQES QQQQ May 45 Call
Sell to Close QQQEP QQQQ May 42 Call
Credit 2.41

QQQQ Alert: May 42/45 Call spread

Day Limit Order
Open Debit Call Spread
BTO QQQEP QQQQ May 42 Call
STO QQQES QQQQ May 45 Call
Debit 2.19

QQQQ Alert: stock

Buy QQQQ stock at the market

QQQQ Morning Update

Wednesday, April 2, 2008, 8:50 AM EST

Closing prices:
45.59 +1.87 +4.28%
QQQQ found support at 50MA and jumped 4.3% on mixed economic news
Intermediate-term outlook: BEARISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
TODAY'S PRE-MARKET SENTIMENT: VERY BULLISH
Current QQQQ pre-market price: 45.77 +0.18 +0.39%

Preceding day market actions:
1. Sold QQQQ stock at 45.22. 1.44% in 8 days!
2. Closed Debit Call Spread:
Bought to Close QQQDR Apr 44 Call
Sold to Close QQQDO Apr 41 Call
Credit 2.40
11.6% in 47 days!

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert:: stock

Sell to close the QQQQ stock at the market

QQQQ Alert: Apr 41/44 Call Spread

Day Limit Order Close Debit Call Spread
Buy to Close QQQDR QQQQ Apr 44 Call
Sell to Close QQQDO QQQQ Apr 41 Call
Credit 2.36

QQQQ Alert: Apr 41/44 Call Spread

Day Limit Order Close Debit Call Spread
Buy to Close QQQDR QQQQ Apr 44 Call
Sell to Close QQQDO QQQQ Apr 41 Call
Credit 2.36

QQQQ Alert: Apr 41/44 Call Spread

Day Limit Order
Close Debit Call Spread
Buy to Close QQQDR QQQQ Apr 44 Call
Sell to Close QQQDO QQQQ Apr 41 Call

QQQQ Morning Update

Monday, March 31, 2008, 8:40 AM EST

Closing prices: 43.49 -0.22 -0.50%
QQQQ Slipped on Mild Profit-Taking

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current QQQQ pre-market price: 43.79 +0.27 +0.62%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15
5. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
6. Long QQQQ stock(bought on 03/26/08 at 44.59. target 45.58)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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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QQQQ Morning Update

Friday, March 28, 2008, 8:40 AM EST

Closing prices: 43.71 -0.99 -2.21%
QQQQ plunged on ORCL earnings

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ pre-market price: 44.14 +0.43 +0.98%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15
5. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25
6. Long QQQQ stock(bought on 03/26/08 at 44.59. target 45.58)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Thursday, March 27, 2008, 8:40 AM EST

Closing prices: 44.70 -0.13 0.29%
QQQQ looked strong amid negative economic news

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ pre-market price: 44.47 -0.22 -0.49%

Preceding day market actions:
1. Bought QQQQ stock at 44.59

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15
5. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25

6. Long QQQQ stock(bought on 03/26/08 at 44.59. target 45.58)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert: stock

Market Order
Buy the QQQQ stock at the market
Target 45.58

QQQQ Morning Update

Wednesday, March 26, 2008, 8:40 AM EST

Closing prices: 44.83 +0.25 +0.56%
QQQQ managed to hold gains after weak economic news

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ pre-market price: 44.58 -0.25 -0.56%

Preceding day market actions:
1. Sold the QQQQ stock at 44.87 with 9.7% Gain in 5 Days!
2. Bought to Open QQQFP Jun 42 Call at 4.07 at 4.05
3.Sold to Close QQQFP Jun 42 Call at 4.07 at 4.05 at 4.42 with 9.1% Gain in 4 Hours!
4. Opened Debit Call Spread
BTO QQQEO May 41 Call
STO QQQER May 44 Call
Debit 2.25

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
4. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15
5. Bull Debit Call Spread (opened on 3/28/08)
Long QQQEO QQQQ May 41 Call
Short QQQER QQQQ May 44 Call
Debit 2.25

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert: May 41/44 Call Spread UPDATED

NEW ENTRY PRICE
Day Limit Order
Open Debit Call Spread
BTO QQQEO QQQQ May 41 Call
STO QQQER QQQQ May 44 Call
Debit 2.25

QQQQ Alert: May 41/44 Call Spread

Day Limit Order
Open Debit Call Spread
BTO QQQEO QQQQ May 41 Call
STO QQQER QQQQ May 44 Call
Debit 2.22

QQQQ Alert: stock

GTC Limit Order
Sell the QQQQ stock at 44.84

QQQQ Alert: Jun 42 Call

Day Limit Order
Buy to Open QQQFP QQQQ Jun 42 Call at 4.07
Target 4.42

QQQQ Morning Update

Tuesday, March 25, 2008, 8:40 AM EST

Closing prices: 44.58 +1.49 +3.46%
QQQQ surged on strong buying interest

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ pre-market price: 44.77 +0.19 +0.43%

Preceding day market actions:
1. Sold to Close QQQIR QQQQ Sep 44 Call at 3.49 with 10% Gain in 5 Days!

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15
6. Long QQQQ (bought at 41.79 on 03/17/08)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Monday, March 24, 2008, 8:40 AM EST

Closing prices: 43.09 +0.83 +1.96%
QQQQ mover higher on positive news from Fed

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ pre-market price: 43.24 +0.15 +0.35%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15
6. Long QQQQ (bought at 41.79 on 03/17/08)
7. Long QQQIR QQQQ Sep 44 Call (bought at 3.1799 on 03/19/08)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Thursday, March 20, 2008, 8:40 AM EST

Closing prices: 42.26 -1.07 02.47%
QQQQ retreated on profit-taking

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ pre-market price: 42.45 +0.22 +0.53%

Preceding day market actions:
Bought to Open QQQIR QQQQ Sep 44 Call at 3.1799

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15
6. Long QQQQ (bought at 41.79 on 03/17/08)

7. Long QQQIR QQQQ Sep 44 Call (bought at 3.1799 on 03/19/08)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Thursday, March 20, 2008, 8:40 AM EST

Closing prices: 42.26 -1.07 02.47%
QQQQ retreated on profit-taking

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ pre-market price: 42.45 +0.22 +0.53%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15
6. Long QQQQ (bought at 41.79 on 03/17/08)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert: Sep 44 Call

GTC Limit Order
Sell to Close QQQIR QQQQ Sep 44 Call at 3.49

QQQQ Alert: Buy Sep 44 Call

Market Order
Buy to Open QQQIR QQQQ Sep 44 Call at the market

QQQQ Morning Update

Wednesday, March 19, 2008, 8:40 AM EST

Closing prices: 43.33 +1.85 +4.46%
QQQQ surged on rate cut

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ pre-market price: 43.19 -0.14 -0.32%

Preceding day market actions:
1. Sold to Close UQQLR QQQQ Q4 Dec08 44 Call at 3.71 with the 9.5% Gain in One Day!

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15
6. Long QQQQ (bought at 41.79 on 03/17/08)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

Take advantage of our "buy call/put" option picks

Dear Subscriber,

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Its track record speaks for itself:
Average Gain per Trade: 9.3%
Average Holding Period: 37 Days
% of Winning Trades: 90%

The most recent trade:
UQQLR QQQQ Q4 Dec08 44 Call
Bought to Open at 3.39 on 03/17/2008
Sold to Close at 3.71 on 03/18/2008
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The most recent trade:
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Bought to Open on 03/17/2008 at 3.39
Sold to Close on 03/18/2008 at 3.71
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QQQQ Alert UPDATED

NEW Target
GTC Limit Order
Sell to Close UQQLR QQQQ Q4 Dec08 44 Call at 3.71

QQQQ Alert

NEW Target
GTC Limit Order
Sell to Close UQQLR QQQQ Q4 Dec08 44 Call at 3.75

Tuesday, March 18, 2008, 8:40 AM EST

Closing prices: 41.48 -0.77 -1.82%
QQQQ plunged again on recession fears

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ pre-market price: 42.13 +0.65 +1.57%

Preceding day market actions:
1. Bought to Open UQQLR QQQQ Q4 Dec08 44 Call at 3.39
2. Bought QQQQ at 41.79

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15
6. Long UQQLR QQQQ Q4 Dec08 44 Call (bought at 3.39 on 03/17/08)
7. Long QQQQ (bought at 41.79 on 03/17/08)

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Alert

Market Order
Buy the QQQQ stock at the market

QQQQ Alert UPDATED

NEW ENTRY PRICE
Day Limit Order
Buy to Open UQQLR QQQQ Q4 Dec08 44 Call at 3.53 Call
Target 3.95

QQQQ Alert

Day Limit Order
Buy to Open UQQLR QQQQ Q4 Dec08 44 Call at 3.39 Call
Target 3.74

QQQQ Morning Update

Monday, March 17, 2008, 8:50 AM EST

Closing prices: 42.25 -0.79 -1.84%
QQQQ tumbled on credit fears

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): VERY BEARISH
Current QQQQ Price: 41.25 -1.00 -2.37%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Friday, March 14, 2008, 8:50 AM EST

Closing prices: 43.04 +0.33 +0.77%
QQQQ reversed losses after S&P comments

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ Pruce: 43.40 +0.36 +0.84%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Thursday, March 13, 2008, 8:40 AM EST

Closing prices: 42.71 -0.12 -0.28%
QQQQ was unable to hold gains

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
QQQQ pre-market price: 42.17 -0.54 -1.26%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Wednesday, March 12, 2008, 8:40 AM EST

Closing prices: 42.83 +1.57 +3.81%
QQQQ soared on Fed move

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ Price: 42.97 +0.14 +0.33%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Tuesday, March 11, 2008, 8:40 AM EST

Closing prices: 41.26 -0.81 -1.93%
QQQQ stumbled on recession fears

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ Price: 41.28 +0.02 +0.05%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Monday, March 10, 2008, 9:00 AM EST

Closing prices: 42.07 -0.10 -0.24%
QQQQ struggled for support after weak job data reports

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): NEUTRAL
Current QQQQ Price: 42.07 +0.00 +0.00%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Friday, March 6, 2008, 8:40 AM EST

Closing prices: 42.17 -0.95 -2.20%
QQQQ plunged on credit worries

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BEARISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): NEUTRAL
Current QQQQ pre-market price: 42.17 0.00

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.

QQQQ Morning Update

Thursday, March 6, 2008, 8:45 AM EST

Closing prices: 43.12 +0.21 +0.49%
QQQQ looked for direction

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ pre-market price: 42.97 -0.15 -0.35%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Wednesday, March 05, 2008, 8:45 AM EST

Closing prices: 42.91 +0.24 +0.56%
QQQQ found support after upbeat comments from CSCO and AMZN

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ Price: 43.06 +0.15 +0.35%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT�Jun 46 Call
Short QQQFW�Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Tuesday, March 04, 2008, 8:45 AM EST

Closing prices: 42.67 -0.28 -0.65%
QQQQ found support

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ Price: 42.45 -0.22 -0.52%

Preceding day market actions:
None

Current open positions:�
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07,�12/21/07,�rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2.�Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT�Jun 46 Call
Short QQQFW�Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

QQQQ Morning Update

Monday, March 03, 2008, 8:45 AM EST

Closing prices: 42.95 -1.17 -2.65%
QQQQ plunged on recession worries

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BEARISH
Current QQQQ Price: 42.96 +0.01+0.02%

Preceding day market actions:
None

Current open positions:
1. Bull Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07, rolled on 01/07/08 and 01/28/07)
Long QQQFV Jun 48 Call
Short QQQFY Jun 51 Call
Average Debit 3.401
2. Bull Debit Call Spread (opened on 01/07/08, rolled on 02/13/08)
Long QQQFT Jun 46 Call
Short QQQFW Jun 49 Call
Total Debit 3.18
3. Long QQQQ (bought at 44.26 at 2/5/08 )
4. Long OZCAR Jan9 44 Call (bought at 5.33 on 2/5/08)
5. Bull Debit Call Spread (opened on 2/14/08)
Long QQQDO Apr 41 Call
Short QQQDR Apr 44 Call Debit 2.15

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:

http://www.optionsmart.com/osmembers/qqq/

The OptionSmart Team
qqq@optionsmart.com
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.