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 01/22/2013 0 comments
    Jan 22, 2013 5:39 PM | about stocks: INTC, AAPL, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)

    Low-High

    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    21.17 (-0.08)

    21.03 - 21.29

    51.03M/41.08M

    Apple Inc. (NASDAQ:AAPL)

    504.77 (+4.77)

    496.63 - 507.88

    16.38M/21.17M

    SPDR S&P 500 ETF (NYSEARCA:SPY)

    149.10 (+0.77)

    147.98 - 149.12

    27.45M

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

    23.30 (-0.68)

    23.18 - 24.45

    6.08M

    INTC

    INTC opened lower and closed lower with 0.38% loss. The volume of 51.03M is 24.22% more than the 30 day average of 41.08M. The MACD (12, 26, 9) started to show a bearish sign with MACD Histogram at -0.011. RSI (14) decreased to 48.80 from 49.75 with an increasing selling momentum. INTC is currently trading above its 50-day MA of $20.65 and is still below 200-day MA of $23.85.

    AAPL

    AAPL opened higher, hit the intra-day low of $496.63, and closed at $504.77 with 0.95% gain. The volume of 16.38M is 22.63% less than the 30 day average of 21.17M. The MACD (12, 26, 9) turned to show a bearish and the MACD Histogram increased to -0.528. RSI (14) increased to 42.63 from 40.35, indicating a decreasing selling momentum. AAPL is currently trading below its 50-day MA of $536.46 and 200-day MA of $590.65.

    SPY

    SPY opened flat and closed higher with 0.52% gain. The MACD (12, 26, 9) turned and showed a bullish trend on January 2, 2013 and the MACD Histogram increased slightly to 0.219. SPY is currently trading above its 200-day MA of $138.21 and its 50-day MA of $142.10. RSI (14) increased to 71.98 from 69.48 with an increasing buying momentum. SPY had broken through and closed above its resistance of $147.29, the R2 pivot point, on Jan 17, 2013.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL, SPY, VXX
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