Nick Chiu's  Instablog

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
My blog:
Optionity - specialized in Options Trading
  • Optionity Quick Report 01/09/2013 0 comments
    Jan 9, 2013 6:15 PM | about stocks: INTC, AAPL, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)

    Low-High

    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    21.45 (+0.36)

    21.20 - 21.47

    34.29M/42.70M

    Apple Inc. (NASDAQ:AAPL)

    517.10 (-8.21)

    515.99 - 525.01

    14.54M/20.45M

    SPDR S&P 500 ETF (NYSEARCA:SPY)

    145.99 (+0.46)

    145.65 - 146.32

    20.24M

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

    27.24 (+0.04)

    26.69 - 27.48

    4.62M

    INTC

    INTC opened higher and closed higher with 1.71% gain. The volume of 34.29M is 19.70% less than the 30 day average of 42.70M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4 and the MACD difference diverged today. RSI (14) increased to 61.31 from 56.17 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 $24.07.

    AAPL

    AAPL opened lower and closed lower with 1.56% loss. The volume of 14.54M is 28.90% less than the 30 day average of 20.45M. The MACD (12, 26, 9) showed a bullish sign but the MACD difference converged again today. RSI (14) increased to 41.86 from 44.87, indicating an increasing selling momentum. AAPL is currently trading below its 50-day MA of $549.34 and 200-day MA of $594.67.

    SPY

    SPY opened higher and closed higher with 0.32% gain. The MACD (12, 26, 9) turned and showed a bullish trend on January 2, 2013 but the MACD difference did not change today. SPY is currently trading above its 200-day MA of $137.85 and its 50-day MA of $140.99. RSI (14) increased to 62.10 from 60.95 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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