Nick Chiu's  Instablog

Nick Chiu
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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
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Optionity - specialized in Options Trading
  • Optionity Quick Report 11/26/2012 0 comments
    Nov 26, 2012 6:25 PM | about stocks: INTC, AAPL


    INTC opened lower and closed higher with 0.84% gain. The volume of 67.02M is 20.1% more than the 30 day average of 55.80M. The MACD is still showing a bearish sign; however, MACD difference continued to converge. RSI (14) continued to increase to 36.35 with increasing buying momentum. INTC currently trade below its 50-day and 200-day MV of $21.60 and $24.95.


    AAPL opened higher and closed strongly higher with 3.15% gain. The volume of 22.47M is 2.3% more than the 30 day average of 21.96M. The MACD (12, 26, 9) continued to show a bullish sign and MACD difference continued to diverge. RSI (14) increased again to 53.63, indicating an increasing buying momentum. AAPL is currently trading below its 50-day MV of $619.68 and 200-day MV of $594.28, which should be the next major resistance.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL
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