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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 01/11/2013 0 comments
    Jan 11, 2013 6:44 PM | about stocks: INTC, AAPL, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    22.00 (+0.20)

    21.77 - 22.07


    Apple Inc. (NASDAQ:AAPL)

    520.30 (-3.21)

    519.02 - 525.32



    147.07 (0)

    146.61 - 147.15


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

    26.46 (-0.11)

    26.45 - 26.93



    INTC opened higher and closed higher with 0.92% gain. The volume of 44.94M is 8% more than the 30 day average of 41.60M. 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 67.70 from 65.53 with an increasing buying momentum. INTC is currently trading above its 50-day MA of $20.62 and is still below 200-day MA of $24.02.


    AAPL opened lower and closed lower with 0.61% decline. The volume of 12.52M is 38.20% less than the 30 day average of 20.26M. The MACD (12, 26, 9) showed a bullish sign but the MACD difference diverged today. RSI (14) decreased to 43.71 from 44.97, indicating an increasing selling momentum. AAPL is currently trading below its 50-day MA of $546.05 and 200-day MA of $593.93.


    SPY opened and closed flat. The MACD (12, 26, 9) turned and showed a bullish trend on January 2, 2013 and the MACD difference converged slightly today. SPY is currently trading above its 200-day MA of $137.93 and its 50-day MA of $141.26. RSI (14) decreased to 65.47 from 65.52 with a decreasing 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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