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QQQQ Alert

(demo)

QQQQ surged on strong buying interest. RIMM led the rally. Intel jumped 4% after the No. 1 chipmaker said it would work with General Electric Co. to make home-based health-care products. The major indices spent the entire session in the green, bolstered by broad-based buying.

Intermediate-term outlook: BEARISH
Short-term outlook: BULLISH
Very short-term outlook: BULLISH
Pre-market sentiment: BEARISH

Preceding day market actions:
1. Closed Apr 27/29 Debit Call Spread @ 1.82 with a 10% gain in 42 days!
2. Closed Apr 29/31 Debit Call Spread @ 1.56 with a 11.4% gain in 5 days!
3. Closed Apr 28/30 Debit Call Spread @ 1.76 with a 11.4% gain in 4 days!
4. Opened Apr 29/31 Debit Call Spread @ 1.60

Alerts: None


THE STOCKS THAT ARE MOVING QQQQ NOW

Component
Technical Chart
Short-term
Sentiment
Apple Computer
(AAPL)
Bullish
QUALCOMM
(QCOM)
Bullish
Microsoft
(MSFT)
Bullish
Google
(GOOG)
Bullish
Research In Motion
(RIMM)
Bullish
Cisco Systems
(CSCO)
Bullish
Gilead Sciences Inc.
(GILD)
Neutral
Oracle
(ORCL)
Bullish
Intel
(INTC)
Bullish
Amgen Inc.
(AMGN)
Bearish
Overall Sentiment
Bullish
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CURRENT OPEN POSITIONS

Short-term:
1. Bull Debit Call Spread (opened on 2/09/09 @2.12, rolled on 03/09/09 for 0.34)
Long QAVDB Apr 28 Call
Short QAVDE Apr 31 Call
Net Debit 2.46
2. Bull Debit Call Spread (opened on 11/04/08 and 10/13/08, rolled on 10/16/08,11/12/08,12/18/08, 01/15/09, and 03/30/09)
Long QAVFC Jun 29 Call
Short QQQFJ Jun 36 Call
Net Debit 6.435
3. Debit Call Spread (opened on 04/02/09 @1.60, target 1.80)
Long QAVDC Apr 29 Call
Short QAVDE Apr 31 Call


Long-term:
1. Long OZCAC Jan11 55 Call (bought on 9/22/08, 10/14/08, 08/18/08 and 08/18/08, rolled on 01/08/09, average debit 3.22)
2. Bull Debit Call Spread (bought on 03/24/08 @0.93)
Long WDAK Jan10 37 Call
Short WDAP Jan10 42 Call
3. Long QQQQ stock (bought @49.96 on 6/06/08)
4. Bull Debit Call Spread (bought on 5/21/08, rolled on 9/24/08, 03/30/09)
Long WDAM Jan10 39 Call
Short WDAR Jan10 44 Call
Net Debit 3.44
5. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08, 6/19/08, 07/17/08, 12/16/08)
Long WDAM Jan10 39 Call
Short WDAS Jan10 45 Call
Net Debit 5.63
6. Debit Call Spread (opened on 11/29/07, 12/06/07, 12/07/07, 12/21/07 and 08/18/08, rolled on 01/07/08, 01/28/08, 06/19/08 and 09/25/08)
Long WDAM Jan10 39 Call
Short WDAR Jan10 44 Call
Net Debit 4.80
7. Debit Call Spread (opened on 6/06/08 @2.20, rolled on 6/25/08, 9/23/08 and 3/24/09 for 0.65)
Long QZCAS Jan11 45 Call
Short QZCAX Jan11 50 Call
Net Debit 4.3568



Complete List of Closed Trades (in PDF format):
Spreads
Single Options
Stock

 

 
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