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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 12/07/2012 0 comments
    Dec 11, 2012 9:14 AM | about stocks: INTC, AAPL, SPY


    INTC opened slightly higher and closed exactly flat. The volume of 41.70M is 24.25% less than the 30 day average of 55.05M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4 and the MACD difference continued to diverge today. RSI (14) decreased to 46.56 from 46.63 with a slightly increase of selling momentum. INTC currently trade below its 50-day and 200-day MA of $21.06 and $24.66.


    AAPL opened higher and closed lower with 2.56% loss. The volume of 28.12M is 21% more than the 30 day average of 23.24M. The MACD (12, 26, 9) started to show a bearish sign today. RSI (14) decreased to 35.62 from 39.33, indicating an increasing selling momentum. AAPL is currently trading below its 50-day MA of $597.90 and 200-day MA of $597.45, which should be the next major resistance. Note: 50-day MA and 200-MA are almost converging today.


    SPY opened higher and closed higher with 0.35% gain. The MACD (12, 26, 9) continued to show a bullish sign; however, MACD difference is stabilized today and was similar to the previous trading day. SPY is currently trading above its 200-day MA of $137.97 and above its 50-day MA of $141.93. RSI (14) increased to 57.75 from 55.77 with an increasing buying momentum. The next major resistance will be $145.68, the R1 pivot point.

    Disclosure: I am long INTC.

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