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 11/30/2012 0 comments
    Dec 3, 2012 10:35 PM | about stocks: INTL, AAPL, SPY

    INTC

    INTC opened higher and closed slightly higher with 0.18% gain. The volume of 51.44M is 8.4% less than the 30 day average of 56.16M. The MACD (12, 26, 9) continued to show a bearish sign. RSI (14) increased to 34.70 from 34.03 with a decreasing selling momentum. INTC currently trade below its 50-day and 200-day MV of $21.34 and $24.82.

    AAPL

    AAPL opened lower and closed lower with 0.69% loss. The volume of 13.97M is 36.7% less than the 30 day average of 22.07M. The MACD (12, 26, 9) continued to show a bullish sign and MACD difference did not change today (4 days in a roll without change already). RSI (14) decreased to 51.77 from 53.53, indicating a decreasing buying momentum. AAPL is currently trading below its 50-day MV of $611.26 and 200-day MV of $596.08, which should be the next major resistance.

    SPY

    SPY opened flat and closed slightly lower with 0.07% loss. 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 $137.78 and below its 50-day MV of $142.31. RSI(14) increased to 56.89 from 56.76 with an increasing buying momentum. The next major resistance will be $142.31, the 50-day MV.

    Disclosure: I am long INTC.

    Stocks: INTL, AAPL, SPY
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.