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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 12/28/2012 0 comments
    Dec 28, 2012 8:06 PM | about stocks: INTC, AAPL, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    20.23 (-0.28)

    20.21 - 20.49


    Apple Inc. (NASDAQ:AAPL)

    509.59 (-5.47)

    508.12 - 514.48



    139.87 (-1.72)

    139.87 - 141.41


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

    35.46 (+1.75)

    33.94 - 35.67



    INTC opened lower and closed lower with 1.37% loss. The volume of 25.90M is 52.92% of the 30 day average of 48.94M. 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 43.64 from 48.93 with an increasing selling momentum. INTC is currently below its 50-day MA of $20.64 and 200-day MA of $24.27.


    AAPL opened lower and closed lower with 1.06% loss. The volume of 12.65M is 57.87% of the 30 day average of 21.86M. The MACD (12, 26, 9) continued to show a bearish sign but MACD difference converged today. RSI (14) increased to 35.63 from, indicating an increasing selling momentum. AAPL is currently trading below its 50-day MA of $562.63 and 200-day MA of $596.76. 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 turned sharply lower by 3:30PM and closed with 1.21% loss. The MACD (12, 26, 9) continued to show a bearish trend, and the MAC difference diverged. SPY is currently trading above its 200-day MA of $137.57. SPY closed below its 50-day MA of $140.63 today. RSI (14) decreased to 43.28 from 50.11 with an increasing selling momentum. The next major resistance will be $140.63, the 50-day MA.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL, SPY, VXX
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