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


    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 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 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
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