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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 01/18/2013 0 comments
    Jan 18, 2013 7:13 PM | about stocks: INTC, AAPL, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    21.25 (-1.43)

    21.03 - 21.44


    Apple Inc. (NASDAQ:AAPL)

    500.00 (-2.68)

    496.40 - 502.22



    148.33 (+0.36)

    147.43 - 148.49


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

    23.98 (-1.65)

    23.88 - 25.53



    INTC opened lower and closed strongly lower with 6.31% drop due to weak earnings with gloomy outlook. The volume of 143.75M is 3.50x of the 30 day average of 41.08M. The MACD (12, 26, 9) started to show a bullish sign on December 4 and the MACD Histogram decreased to 0.053. RSI (14) decreased to 49.75 from 73.34with an increasing selling momentum. INTC is currently trading above its 50-day MA of $20.64 and is still below 200-day MA of $23.88.


    AAPL opened lower and closed lower with 0.53% loss. The volume of 16.89M is 20.22% less than the 30 day average of 21.17M. The MACD (12, 26, 9) turned to show a bearish trend on Tuesday and the MACD Histogram increased to -1.030. RSI (14) decreased to 40.35 from 41.20, indicating an increasing selling momentum. AAPL is currently trading below its 50-day MA of $537.52 and 200-day MA of $591.25.


    SPY opened flat and closed higher with 0.24% gain. The MACD (12, 26, 9) turned and showed a bullish trend on January 2, 2013 and the MACD Histogram increased slightly to 0.189. SPY is currently trading above its 200-day MA of $138.16 and its 50-day MA of $141.90. RSI (14) increased to 69.48 from 68.39 with an increasing buying momentum. SPY had broken through and closed above its resistance of $147.29, the R2 pivot point, on Thursday.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL, SPY, VXX
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