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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 12/06/2012 0 comments
    Dec 6, 2012 5:58 PM | about stocks: INTC, AAPL, SPY


    INTC opened higher and closed higher with 1.56% gain. The volume of 46.27M is 15.46% less than the 30 day average of 54.73M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4 and the MACD difference continued to diverge today. RSI (14) increased to 46.63 from 41.18 with a decreasing selling momentum. INTC currently trade below its 50-day and 200-day MV of $21.10 and $24.69.


    AAPL opened sharply lower and closed higher with 1.57% loss. The volume of 42.01M is 1.87x of the 30 day average of 22.49M. The MACD (12, 26, 9) continued to show a bullish sign but MACD difference continued to converge today. RSI (14) increased to 39.33 from 35.57, indicating a decreasing selling momentum. AAPL is currently trading below its 50-day MV of $600.64 and 200-day MV of $597.33, which should be the next major resistance.


    SPY opened nearly flat and closed with 0.29% gain. 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 $137.93 and slightly above its 50-day MV of $141.96. RSI (14) increased to 55.77 from 53.56 with an increasing buying momentum. The next major resistance will be $145.68, the R1 pivot point.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL, SPY
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