Seeking Alpha

Nick Chiu's  Instablog

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

    Company Name / Ticker

    Closing Price (Gain/Loss)

    Low-High

    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    21.16 (-0.16)

    21.05 - 21.39

    30.14M/46.64M

    Apple Inc. (NASDAQ:AAPL)

    527.00 (-15.10)

    525.83 - 538.63

    21.20M/20.15M

    SPDR S&P 500 ETF (NYSEARCA:SPY)

    146.45 (+0.72)

    145.67 - 146.61

    28.54M

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

    27.52 (-0.57)

    27.40 - 28.19

    6.25M

    INTC

    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

    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

    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.

Back To Nick Chiu's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.