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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 12/13/2012 0 comments
    Dec 13, 2012 7:23 PM | about stocks: INTC, AAPL


    INTC opened slightly lower and close lower with 0.87% loss. The volume of 41.61M is 20.37% less than the 30 day average of 52.26M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4; however, the MACD difference converged today. RSI (14) decreased to 51.81 from 55.05 with a decreasing buying momentum. INTC currently trade below its 50-day and 200-day MA of $20.89 and $24.55. INTC touched its 50-ay MA today again but failed to close above it.


    AAPL opened lower and closed lower with 1.73% loss. The volume of 22.32M is 1.76% less than the 30 day average of 22.72M. The MACD (12, 26, 9) continued to show a bearish sign and the MACD did not change in the past 4 trading days. RSI (14) decreased to 36.61 from 39.34, indicating an increasing selling momentum. AAPL is currently trading below its 50-day MA of $587.48 and 200-day MA of $597.74. 50-day MA will be the next major resistance.


    SPY opened slightly lower and closed lower with 0.61% loss. The MACD (12, 26, 9) continued to show a bullish sign, and the MACD difference converged today. SPY is currently trading above its 200-day MA of $138.13 and above its 50-day MA of $141.85, which is the major support. RSI (14) decreased to 56.54 from 62.59 with a decreasing buying momentum. The next major resistance will be $145.68, the R1 pivot point.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL
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