Nick Chiu's  Instablog

Nick Chiu
Send Message
Senior Options Trading Strategist at Optionity, MBA. Our trading approach starts with the fundamentals, then through short-term technical analysis, to finally leverage options trading (with the combination of long and short positions) to achieve favorable risk and reward ratio trading plays. Our... More
My company:
Optionity
My blog:
Optionity - specialized in Options Trading
  • Optionity Quick Report 11/21/2012 0 comments
    Nov 21, 2012 9:24 PM | about stocks: INTC, AAPL

    INTC

    INTC opened flat and closed lower with another 0.79% loss, hitting new 52-week low at $19.23 during today's trading. The volume of 95.64M is 76.82% more than the 30 day average of 54.09M. The MACD is still showing a bearish sign and MACD diverged again. RSI (14) is decreasing again to 26.10, where below 30 is considered as over-sold. INTC currently trade below its 50-day and 200-day MV of $21.73 and $25.01.

    AAPL

    AAPL opened higher and closed slightly higher with 0.14% gain. The volume of 13.33M is 42% less than the 30 day average of 22.95M. The MACD (12, 26, 9) continued to show a bullish sign and MACD difference continued to diverge. RSI (14) increased to 43.06, indicating an increasing buying momentum. AAPL is currently trading below its 50-day MV of $622.94 and 200-day MV of $593.16, which should be the next major resistance.

    Disclosure: I am long INTC, AAPL.

    Stocks: INTC, AAPL
Back To Nick Chiu's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.