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Morning
Update
(delivered via email before
9:00 am ET)
Wednesday,
February 16, 2005, 8:40
AM EST
Closing
prices:
QQQQ 38.12 +0.25 +0.66%
QQCCK QQQQ Mar 36.625 Call
1.80 +0.15 Bid 1.75 Ask
1.85 Open Interest 34174
QQCFK QQQQ Jun 36.625 Call
2.75 +0.30 Bid 2.55 Ask
2.65 Open Interest 10022
QQQ finished up 0.66%. Jumped
in the first hours the stock
turned down to continue
a steady upward trend that
was set on Friday.
KEY DRIVERS:
- AAPL gained $3.78, or
4.47%, closing at another
multi-month high.
- GOOG leaped more than
one percent after the company
signed a deal with VNU.
AFTER HOURS:
- AMAT reported better-than-expected
Q1.
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
TODAYS GLOBAL PRE-MARKET
SENTIMENT:
Nasdaq futures are holding
in neutral and look weaker
than Dow.
UPCOMING EVENTS: KO and
HP report Today.
QQQQ NEWS: AMAT dips
Current (8:40 am ET) QQQQ
pre-market price:
37.94 -0.17 -0.46%
Preceding
day market actions:
None
Current open positions:
1. QQQQ (bought on 12/02/04
at 40.03; Target 41.00,
Stop 35.80)
2. QQCCK QQQQ Mar 36.625
Call (bought to open on
12/02/04 at 3.90, Target
4.40,
Stop 0.50)
3. QQCFK QQQQ Jun 36.625
Call (bought to open on
12/20/04 at 4.60, Target
5.10,
Stop 0.50)
4. Credit Put Spread (opened
on 11/30/04 and rolled over
on 01/21/05)
Bought to Open QQCOJ QQQQ
Mar 35.625 Put
Sold to Open QQCOM QQQQ
Mar 38.625 Put
Net Credit 0.7154
Alerts:
None
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