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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 01/25/2013 0 comments
    Jan 25, 2013 8:11 PM | about stocks: INTC, AAPL, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    20.96 (+0.01)

    20.88 - 21.07


    Apple Inc. (NASDAQ:AAPL)

    439.88 (-10.62)

    435.00 - 456.23



    150.25 (+0.83)

    149.47 - 150.25


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

    22.95 (+0.13)

    22.45 - 23.39



    INTC opened slightly higher and closed nearly flat with 0.05% gain. The volume of 107.63M was 2.36x of the 30 day average of 45.57M. The MACD (12, 26, 9) continued show a bearish sign and the MACD Histogram decreased to -0.117 from -0.095 from -0.057. RSI (14) increased to 46.22 from 46.07 with a decreasing selling momentum. INTC is currently trading above its 50-day MA of $20.66 and is still below 200-day MA of $23.76.


    AAPL opened slightly higher and closed lower again with 2.36% drop. The volume of 43.14M was 2.08x of the 30 day average of 20.71M. The MACD (12, 26, 9) showed a bearish sign with the MACD Histogram decreasing to -5.358 from -2.839. RSI (14) decreased to 28.47 from 30.28, indicating an increasing selling momentum. AAPL is currently trading below its 50-day MA of $532 and 200-day MA of $588.29.


    SPY opened higher and closed higher with 0.56% gain. SPY reached a multi-year high of 150.25. The MACD (12, 26, 9) turned and showed a bullish trend on January 2, 2013 and the MACD Histogram increased slightly to 0.226 from 0.209. SPY is currently trading above its 200-day MA of $138.40 and its 50-day MA of $142.85. RSI (14) increased to 75.40 from 72.83 with an increasing buying momentum. SPY had broken through and closed above its resistance of $147.29, the R2 pivot point, on January 17, 2013.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL, SPY, VXX
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