Seeking Alpha

Nick Chiu's  Instablog

Nick Chiu
Send Message
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 01/29/2013 0 comments
    Jan 29, 2013 6:49 PM | about stocks: INTC, SPY, VXX

    Intel (INTC)

    21.28 (+0.23)

    21.01 - 21.30

    105.70M/49.35M

    SPDR S&P 500 ETF (SPY)

    150.66 (+0.59)

    149.67 - 150.85

    25.51M

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

    22.86 (-0.71)

    22.68 - 24.08

    6.46M

    INTC

    INTC opened flat and closed higher with 1.09% gain. The volume of 105.70M was 2.14x of the 30 day average of 49.35M. The MACD (12, 26, 9) continued show a bearish sign but the MACD Histogram increased to -0.104 from -0.12. RSI (14) increased to 51.18 from 47.63 with an increasing buying momentum. INTC is currently trading above its 50-day MA of $20.70 and is still below 200-day MA of $23.70.

    SPY
    SPY opened lower and closed higher with 0.39% gain. The MACD (12, 26, 9) turned to show a bullish trend on January 2, 2013 and the MACD Histogram decreased slightly to 0.192 from 0.198. SPY is currently trading above its 200-day MA of $138.57 and its 50-day MA of $143.43. RSI (14) increased to 75.63 from 73.79 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.

Back To Nick Chiu's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • $CLSN study failed. trading at $1.68 pre-market
    Jan 31, 2013
  • $CLSN, looking for a better options strategy..
    Jan 25, 2013
  • $BP near its 50-day and 200-day MA support..
    Dec 26, 2012
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.