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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
My company:
Optionity
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)

    Low-High

    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    20.64 (-0.12)

    20.51 - 20.73

    14.20M/50.62M

    Apple Inc. (NASDAQ:AAPL)

    520.17 (+0.84)

    518.71 - 524.25

    6.28M/23.10M

    SPDR S&P 500 ETF (NYSEARCA:SPY)

    142.33 (-0.44)

    142.20 - 142.56

    15.04M

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

    31.96 (-0.58)

    31.88 - 32.41

    2.61M

    INTC

    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

    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

    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.

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