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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 12/19/2012 0 comments
    Dec 19, 2012 7:19 PM | about stocks: INTC, AAPL, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    21.10 (+0.14)

    20.86 - 21.31


    Apple Inc. (NASDAQ:AAPL)

    526.31 (-7.59)

    525.50 - 533.70


    iPath S&P 500 VIX Short Term Futures (NYSEARCA:VXX)

    29.80 (+1.62)

    28.12 - 29.84



    144.27 (-1.14)

    144.24 - 145.57



    INTC opened strongly higher and closed slightly higher with 0.67% gain. The volume of 52.81M is 3.63% more than the 30 day average of 50.96M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4 and the MACD difference diverged again today. RSI (14) increased to 61.45 from 59.45 with an increasing buying momentum. INTC stayed above its 50-day MA of $20.76 and still below its 200-day MA of $24.44.


    AAPL opened slightly lower and closed with 1.42% loss. The volume of 16.03M is 33% less than the 30 day average of 23.93M. The MACD (12, 26, 9) continued to show a bearish sign but MACD difference converged again today. RSI (14) decreased to 40.19 from 42.40, indicating an increasing selling momentum. AAPL is currently trading below its 50-day MA of $576.45 and 200-day MA of $597.46. AAPL fell below its resistance of $527.27 today, the S1 pivot point. 50-day MA will be the next major resistance.


    SPY opened flat and closed with 0.78% loss. The MACD (12, 26, 9) continued to show a bullish sign but the MACD difference did not change today. SPY is currently trading above its 200-day MA of $138.31 and above its 50-day MA of $141.72, which is the major support. RSI (14) decreased to 60.31 from 66.75 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, SPY, VXX
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