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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
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Optionity - specialized in Options Trading
  • Optionity Quick Report 12/27/2012 0 comments
    Dec 27, 2012 7:08 PM | about stocks: INTC, AAPL, SPY

    Company Name / Ticker

    Closing Price (Gain/Loss)

    Low-High

    Volume/30 Day Average

    Intel (INTC)

    20.51 (-0.14)

    20.31 - 20.76

    31.70M/49.77M

    Apple Inc. (AAPL)

    515.06 (+2.06)

    504.66 - 516.25

    16.23M/21.95M

    SPDR S&P 500 ETF (SPY)

    141.59 (-0.06)

    139.93 - 142.07

    36.49M

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

    33.71 (-0.03)

    33.32 - 35.87

    7.87M

    INTC

    INTC opened higher, hit intra-day low at $20.31, and closed slightly lower with a loss of 0.68%. The volume of 31.70M is 63.70% of the 30 day average of 49.77M. 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 48.93 from 51.86 with an increasing selling momentum. INTC is currently below its 50-day MA of $20.67 and 200-day MA of $24.31.

    AAPL

    AAPL opened flat, hit intra-day low of $504.66, and started to surge around 2:30PM to close with a slight gain of 0.40%. The volume of 16.23M is 73.94% of the 30 day average of 21.95M. The MACD (12, 26, 9) continued to show a bearish sign but MACD difference converged today. RSI (14) increased to 37.45 from 36.31, indicating a decreasing selling momentum. AAPL is currently trading below its 50-day MA of $565.07 and 200-day MA of $597.02. The S1 pivot pint, $527.27 will be the nearest resistance, followed by 50-day MA as the next major resistance.

    SPY

    SPY opened slightly higher and continued to decline until 2:30PM to start the turn around and closed with a minor loss of 0.04%. The MACD (12, 26, 9) turned bearish today. SPY is currently trading above its 200-day MA of $137.56. SPY tested and traded below through its 50-day MA, but managed to close above it with late day surge. RSI (14) decreased to 50.11 from 51.02 with a decreasing buying momentum. The next major resistance will be $144.66, the R1 pivot point.

    Disclosure: I am long INTC.

    Themes: daily report, technical analysis Stocks: INTC, AAPL, SPY
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