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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 11/29/2012 0 comments
    Nov 29, 2012 6:17 PM | about stocks: INTC, AAPL, SPY


    INTC opened lower, hitting intra-day low of $19.46, and closed with 2.79% loss. The volume of 64.89M is 14.59% more than the 30 day average of 56.63M. The MACD (12, 26, 9) reversed and showed a bearish sign today. RSI (14) decreased to 34.03 from 40.24 with increasing selling momentum. INTC currently trade below its 50-day and 200-day MV of $21.41 and $24.85.


    AAPL opened higher and closed higher with 1.10% gain. The volume of 18.35M is 17.2% less than the 30 day average of 22.16M. The MACD (12, 26, 9) continued to show a bullish sign and MACD difference did not change today (3 days in a roll without change already). RSI (14) increased to 53.53 from 51.10, indicating an increasing buying momentum. AAPL is currently trading below its 50-day MV of $613.53 and 200-day MV of $595.68, which should be the next major resistance.


    SPY opened higher, hitting intra-day low of $141.38 and closed higher with 0.48% gain. The MACD (12, 26, 9) continued to show a bullish sign with increased MACD difference. SPY is currently trading above its 200-day MV of $137.73 and below its 50-day MV of $142.38. RSI(14) increased to 56.76 from 54.34 with an increasing buying momentum. The next major resistance will be $142.38, the 50-day MV.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL, SPY
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