Gary Johnson L's  Instablog

Labels: APP, GNIN., SPY, ZNGA

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American Apparel (AMEX: APP) has grown 50% since yesterday as the company announces strong growth on Q4 sales yesterday and new debt financing today. APP breaks out with a HUGE volume. I think APP has a long way to go until it stops. Notice how it went to the north steadily after today's open, which is a very good a healthy trend without much speculation and volatility implied.

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Zynga, Inc. (NASDAQ: ZNGA) has slightly pulled back after closing above MA(200). The whole candlestick is still above MA(200) and ZNGA is falling on light volume. This is a great opportunity to load more on ZNGA, folks.

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SP500 Index (NYSE: SPY) has a bullish MACD crossover, however, breaks above $153.28 with light volume. Watch out guys! Consider buying VXX/UVXY to hedge during open.

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I rarely look at penny stocks, but this caught my attention as it shows a steady upward move in 1-min chart. Notice how GNIN (Green Innovations Ltd) grew from $0.6 to $1.56 without a huge gap. The volume looks quite healthy to me and there is a bullish MACD crossover today. I am against taking overnight risks on a petty stock and volatile stock like this but GNIN could be a very good candidate for day trading given its steady move to the north.

Thank you for visiting,

Gary Investing Blog

Twitter: GaryLee_HK
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Disclosure: I am long ZNGA, APP.