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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 12/31/2012 (Happy New Year!) 0 comments
    Dec 31, 2012 6:40 PM | about stocks: INTC, AAPL, SPY

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    20.62 (+0.39)

    20.16 - 20.66


    Apple Inc. (NASDAQ:AAPL)

    532.17 (+22.58)

    509.00 - 535.40



    142.52 (+2.65)

    139.54 - 142.55


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

    31.79 (-3.67)

    31.40 - 36.79



    INTC opened lower and closed strongly higher with 1.93% gain. The volume of 41.14M is 14.06% less than the 30 day average of 47.84M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4 but the MACD difference converged again today. RSI (14) increased to 51.51 from 43.64 with an increasing buying momentum. INTC closed above its 50-day MA of $20.61 on Monday and is still below 200-day MA of $24.24.


    AAPL opened flat and close strongly higher with 4.43% increase. The volume of 23.53M is 8.38% more of the 30 day average of 21.71M. The MACD (12, 26, 9) turned to show a bullish sign on Monday. RSI (14) increased to 47.08 from 35.63, indicating a decreasing selling momentum. AAPL is currently trading below its 50-day MA of $560.33 and 200-day MA of $596.49. AAPL broke its S1 pivot pint, $527.27, on Monday and the next major resistance is its 50-day MA.


    SPY opened flat and closed with a strong gain of 1.89%. The MACD (12, 26, 9) continued to show a bearish trend, but the MACD difference converged on Monday. SPY is currently trading above its 200-day MA of $137.60. SPY also closed above its 50-day MA of $140.58 today. RSI (14) increased to 53.81 from 43.28 with an increasing buying momentum. The next major resistance will be $144.66, the R1 pivot point.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL, SPY
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