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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 12/04/2012 0 comments
    Dec 5, 2012 6:44 PM | about stocks: INTC, AAPL, SPY


    INTC opened higher and closed higher with 2.20% gain. The volume of 57.94M is 6.21% more than the 30 day average of 54.55M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4 and the MACD difference diverged today. RSI (14) increased to 42.74 from 34.43 with a decreasing selling momentum. INTC currently trade below its 50-day and 200-day MV of $21.21 and $24.76.


    AAPL opened lower and closed lower with 1.76% loss. The volume of 19.88M is 9.8% less than the 30 day average of 22.04M. The MACD (12, 26, 9) continued to show a bullish sign but MACD difference continued to converge today. RSI (14) decreased to 47.58 from 52.15, indicating an increasing selling momentum. AAPL is currently trading below its 50-day MV of $606.61 and 200-day MV of $596.94, which should be the next major resistance.


    SPY opened nearly flat and closed with 0.18% loss. The MACD (12, 26, 9) continued to show a bullish sign; however, MACD difference continued to converge today. SPY is currently trading above its 200-day MV of $137.86 and below its 50-day MV of $142.12. RSI(14) decreased to 52.41 from 53.39 with a decreasing buying momentum. The next major resistance will be $142.12, the 50-day MV.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL, SPY
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