Nick Chiu's  Instablog

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
My company:
Optionity
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Optionity - specialized in Options Trading
  • Optionity Quick Report 12/10/2012 0 comments
    Dec 11, 2012 9:13 AM | about stocks: INTC, AAPL, SPY

    INTC

    INTC opened flat and closed slightly lower with 0.37% loss. The volume of 27.27M is 50.3% less than the 30 day average of 54.87M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4 and the MACD difference did not change in past two trading days. RSI (14) decreased to 45.38 from 46.56 with an increasing selling momentum. INTC currently trade below its 50-day and 200-day MA of $21.01 and $24.63.

    AAPL

    AAPL opened lower and closed lower with 0.64% loss. The volume of 22.51M is 3.56% less than the 30 day average of 23.34M. The MACD (12, 26, 9) continued to show a bearish sign and the MACD difference diverged today. RSI (14) decreased to 34.76 from 35.62, indicating an increasing selling momentum. AAPL is currently trading below its 50-day MV of $595.25 and 200-day MV of $597.54, which should be the next major resistance. Note: 200-day MA had crossed over 50-day MA.

    SPY

    SPY opened slightly lower and closed slightly higher with 0.08% gain. The MACD (12, 26, 9) continued to show a bullish sign; however, MACD difference did not change in the past 3 trading days. SPY is currently trading above its 200-day MA of $138.01 and above its 50-day MA of $141.91. RSI (14) increased to 58.00 from 57.75 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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