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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 01/16/2013 0 comments
    Jan 16, 2013 5:48 PM | about stocks: INTC, AAPL, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)

    Low-High

    Volume/30 Day Average

    Intel (INTC)

    22.11 (+0.23)

    21.85 - 22.20

    36.76M/40.11M

    Apple Inc. (AAPL)

    506.09 (+20.17)

    492.50 - 509.44

    24.63M/20.90M

    SPDR S&P 500 ETF (SPY)

    147.05 (-0.02)

    146.61 - 147.28

    20.65M

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

    25.49 (-0.55)

    25.23 - 25.97

    5.07M

    INTC

    INTC opened flat and closed higher with 1.05% gain. The volume of 36.76M is 8.35% less than the 30 day average of 40.11M. The MACD (12, 26, 9) started to show a bullish sign on December 4 but the MACD Histogram continued to decrease to 0.110. RSI (14) increased to 67.66 from 64.86 with an increasing buying momentum. INTC is currently trading above its 50-day MA of $20.64 and is still below 200-day MA of $23.94.

    AAPL

    AAPL opened higher and closed strongly higher with 4.15% gain. The volume of 24.63M is 17.85% more than the 30 day average of 20.90M. The MACD (12, 26, 9) turned to show a bearish trend on Tuesday and the MACD Histogram stayed at -1.261. RSI (14) increased to 42.26 from 32.76, indicating a decreasing selling momentum. AAPL is currently trading below its 50-day MA of $540.71 and 200-day MA of $592.27.

    SPY

    SPY opened lower and closed nearly flat with 0.01% drop. The MACD (12, 26, 9) turned and showed a bullish trend on January 2, 2013 and the MACD Histogram decreased to 0.181. SPY is currently trading above its 200-day MA of $138.07 and its 50-day MA of $141.63. RSI (14) decreased to 65.08 from 65.22 with a decreasing buying momentum. The next major resistance will be $147.29, the R2 pivot point.

    Disclosure: I am long INTC.

    Themes: daily report, technical analysis Stocks: INTC, AAPL, SPY, VXX
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