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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
My company:
Optionity
My blog:
Optionity - specialized in Options Trading
  • Optionity Quick Report 01/10/2013 0 comments
    Jan 10, 2013 6:14 PM | about stocks: INTC, AAPL, SPY

    Company Name / Ticker

    Closing Price (Gain/Loss)

    Low-High

    Volume/30 Day Average

    Intel (INTC)

    21.80 (+0.35)

    21.53 - 21.82

    44.62M/41.61M

    Apple Inc. (AAPL)

    523.51 (+6.41)

    515.52 - 528.72

    21.43M/20.18M

    SPDR S&P 500 ETF (SPY)

    147.07 (+1.08)

    145.97 - 147.09

    24.07M

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

    26.57 (-0.67)

    26.51 - 27.11

    6.21M

    INTC

    INTC opened higher and closed higher with 1.63% gain. The volume of 44.62M is 7.23% more than the 30 day average of 41.61M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4 and the MACD difference diverged again today. RSI (14) increased to 65.53 from 61.31with an increasing buying momentum. INTC is currently trading above its 50-day MA of $20.62 and is still below 200-day MA of $24.04.

    AAPL

    AAPL opened higher then declined and edged higher around 2:30pm to close the day with 1.24% gain. The volume of 21.43M is 6.2% more than the 30 day average of 20.18M. The MACD (12, 26, 9) showed a bullish sign but the MACD difference did not change today. RSI (14) increased to 44.97 from 41.86, indicating a decreasing selling momentum. AAPL is currently trading below its 50-day MA of $547.67 and 200-day MA of $594.34.

    SPY

    SPY opened higher and closed higher with 0.74% gain. The MACD (12, 26, 9) turned and showed a bullish trend on January 2, 2013 and the MACD difference diverged today. SPY is currently trading above its 200-day MA of $137.90 and its 50-day MA of $141.12. RSI (14) increased to 65.52 from 62.10 with an increasing buying momentum. The next major resistance will be $147.29, the R2 pivot point.

    Disclosure: I am long INTC.

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