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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 01/04/2013 0 comments
    Jan 4, 2013 6:43 PM | about stocks: INTC, AAPL, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    21.16 (-0.16)

    21.05 - 21.39


    Apple Inc. (NASDAQ:AAPL)

    527.00 (-15.10)

    525.83 - 538.63



    146.45 (+0.72)

    145.67 - 146.61


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

    27.52 (-0.57)

    27.40 - 28.19



    INTC opened slightly higher and closed with 0.75% loss. The volume of 30.14M is 35.38% less than the 30 day average of 46.64M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4 and the MACD difference converged slightly today. RSI (14) decreased to 58.16 from 61.32with a decreasing buying momentum. INTC closed above its 50-day MA of $20.61 on Monday and is still below 200-day MA of $24.16.


    AAPL opened lower and closed lower with 2.78% loss. The volume of 21.20M is 5.21% more than the 30 day average of 20.15M. The MACD (12, 26, 9) turned to show a bullish sign on Monday but the MACD difference converged today. RSI (14) decreased to 45.31 from 50.88, indicating an increasing selling momentum. AAPL is currently trading below its 50-day MA of $555.12 and 200-day MA of $595.80.


    SPY opened slightly higher and closed higher with 0.49% gain. The MACD (12, 26, 9) turned and showed a bullish trend on Wednesday and the MACD difference continued to diverge today. SPY is currently trading above its 200-day MA of $137.72 and its 50-day MA of $140.70. RSI (14) increased to 64.85 from 63.22 with an increasing buying momentum. The next major resistance will be $147.29, the R2 pivot point.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL, SPY, VXX
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