Nick Chiu's  Instablog

Nick Chiu
Send Message
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:
My blog:
Optionity - specialized in Options Trading
  • Optionity Quick Report 12/24/2012 (Merry Christmas) 0 comments
    Dec 24, 2012 7:01 PM | about stocks: INTC, AAPL, SPY, VIA

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    20.64 (-0.12)

    20.51 - 20.73


    Apple Inc. (NASDAQ:AAPL)

    520.17 (+0.84)

    518.71 - 524.25



    142.33 (-0.44)

    142.20 - 142.56


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

    31.96 (-0.58)

    31.88 - 32.41



    INTC opened lower and closed lower with a 0.60% loss. The volume of 14.20M is 28% of the 30 day average of 49.82M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4 but the MACD difference converged again today. RSI (14) decreased to 51.66 with a decreasing buying momentum. INTC is currently below its 50-day MA of $20.70 and 200-day MA of $24.36.


    AAPL opened higher and closed with a minor 0.16% gain. The volume of 6.28M is 27.19% of the 30 day average of 23.10M. The MACD (12, 26, 9) continued to show a bearish sign but MACD difference converged today. RSI (14) increased to 38.58 from 38.16, indicating a decreasing selling momentum. AAPL is currently trading below its 50-day MA of $569.55 and 200-day MA of $597.32. The S1 pivot pint, $527.27 will be the nearest resistance, followed by 50-day MA as the next major resistance.


    SPY opened lower and closed with a 0.31% loss. The MACD (12, 26, 9) continued to show a bullish sign but the MACD difference converged today again. SPY is currently trading above its 200-day MA of $137.49 and above its 50-day MA of $140.70, which is the major support. RSI (14) decreased to 53.95 from 56.14 with a decreasing buying momentum. The next major resistance will be $144.66, the R1 pivot point.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL, SPY, VIA
Back To Nick Chiu's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.