Gary Investing Blog

5/20: GLD, ORCL, YELP

2013-05-20T03:01:00.001-04:00

SPDR Gold Trust Shares (NYSE: GLD) As gold once again dropping into $1300 per ounce, reaching its 52w low again, GLD experienced a bearish MACD Crossover with increasing volume during red days. I confidently believe that the downtrend of GLD is very strong, and Gold will hit $1000 per ounce by the end of 2013 if it continues making new lows.

Oracle Corp. (NASDAQ: ORCL) has about to fully filled its gap formed in March. If ORCL cross above $35.5, it will signals a strong uptrend ahead of us.

Yelp Inc. (NYSE: YELP) is under a flag formation. Since bearish MACD is around the corner, I think there might not be a break above. The pattern on prices and MACD are similar to ones YELP had in March and April, therefore, pulling back to $28.00 or even 50SMA level should not be surprising.

Again AAMRQ, FORM, TSLA

2013-05-17T02:52:00.002-04:00

Three stocks that are running up like a beast.

AMR Corp. (OTC: AAMRQ) I have been mentioning American Airline for weeks already. This stock has been running up with no stop like a beast. The volume is among average and MACD is rising quickly. I see no sign of reversal so far despite the skyrocketing RSI index. Today, AAMRQ has jumped another 7%, giving me 30% since I initiate a long position on 9th March.

FormFactor Inc. (NASDAQ: FORM) broke above a strong resistance level, $5.25 with a huge volume. Depends on the move next week, a pullback to $5.25 level should not be surprising, but this breakout signals a strong uptrend continuation.

Telsa Motors, Inc. (NASADAQ: TSLA) has broken above a flag formation with a decent volume. Extending the height of the flag, I target a $110 stock price within a month.

5/15: AAPL, DDD, SPWR, SIRI, GTAT

2013-05-16T03:40:00.003-04:00

Apple had a bad day yesterday, dropping 3.38%, as hedge funds are dumping their positions. AAPL traded as low as $422.36, crossing below 50SMA again. The outlook is again bearish with a bearish MACD crossover around the corner. I shorted AAPL yesterday before close. I target $382 in a month. Stop just above $463.

Today's red candlestick on DDD confirms the doji formed on Tuesday, same day when DDD crosses above $50.00 mark and reach as high as $51.94. Although it drops with light volume, I think further depreciation, possibly to $45.0 level, will trigger a massive sell off and profit-taking. I would suggest considering liquidating partial shares. I have no position on DDD as I have sold all of my position by Tuesday 's close.

GTAT has made a golden cross, crossing above 200SMA. GTAT has been making higher highs and higher lows since March. Despite the high reading in RSI, I believe a pop will be around the corner if GTAT stays above 200SMA for several more days.

Sirius XM Radio, Inc (NASDAQ: SIRI) has made a big move yesterday, after it breaks above a flag formation. Uptrend continues and I target $4.00 in a month. If you have longed since $3.00, I suggest a tight stop order or a trailing stop of 5% as SIRI pulling back to 50SMA level should not be a surprising phenomenon.

Solar Industry is heating up again. SPWR has jumped 8.51% and doubled in less than a month. Volume is increasing along with the move. However, today's candlestick looks like a Doji, so trade with caution. Huge volume with a doji might be a short term top pattern. I have no position in SPWR.

Thank you for vising Gary Investing Blog

Twitter: GaryLee_HK
http://gary-investing.blogspot.com

5/09: DDD, GOOG, K, SNE, AAPL

2013-05-10T14:02:00.002-04:00

3D System Corp. (NYSE: DDD) has pulled back a little bit after reaching $44.91. The volume is much lighter than yesterday. I am looking into adding more shares if DDD pulls back to $40.00 level. I think DDD up trend is now very strong and could reach $48.00 by the end of this month.

Google, Inc. (NASDAQ: GOOG) I gave a bullish signal in 4/29's post when GOOG was crossing above 50SSMA and had a Bullish MACD crossover. GOOG has kept making new high with steady volume. RSI is approaching overbought level. I suggest selling some shares now as pulling back to 50SMA should not be surprising.

Kellogg CO. (NYSE: K) I twitted that K upset me a lot when it fell of May 01, but it now seems like 50SMA is a very strong support and K is bouncing back and moving up gradually along 50SMA. Note that volume on "green" days generally has more volume than the "red" ones. Bearish MACD ahead. Watch for a break below 50SMA which signals a downtrend.

Sony Corp (NYSE: SNE) running up quickly after reach 50SMA. Yesterday's close, 18.08, was slightly higher than last high, $18.06. So, it is technically a breakabove, although it is a small one.

Apple Inc. (NASDAQ: AAPL) is running out of strength trying to make a new high. No only that we see a doji on chart, but not that how AAPL tends to fall again after touching upper Bollinger band as well as MA(50). RSI is also turning around after reaching 70 level. I think the technical outlook right now is bearish and shorting AAPL will b eprofitable very soon.

05/03: APP, SINA, YOKU, DDD, SNE, RENN

2013-05-03T02:15:00.000-04:00

3D System Corp (NYSE: DDD) has been showing signs of recovery since last week. The stock found support from 200SMA and crossed above 50SMA. Last post, I suggest my followers to buy DDD when it crosses above $36.50 speculating that I will reach $40.00 in two weeks. The buying power in the market indeed is much stronger than I thought. DDD is already trading at $39.50 right now, approaching overbought level. Consider selling some proportion of your positions because DDD is rising with decreasing volume. There might be a pullback around the corner.

Renren, Inc. (NYSE: RENN), so called China-Facebook, is having a hard time crossing above 50SMA 3 times this year. Avoid this stock and if you are really bearish on Chinese telecom for any reasons, such as accounting tricks and scandals, by all means, RENN is also a good candidate for shorts.

Sina.com (NASDAQ: SINA) has jumped more than 20% this Monday and steadily going up after pulling back to $55.00 level. I think SINA crossing above 200SMA with a gap and huge volume signals a very strong buy signal. I think the possibility that SINA crossing below 200SMA in the coming quarter is very small. In fact, I think SINA could reach $62 by the end of this month.

Sony Corp. (NYSE: SNE) When SNE reaching $16.09 this April, I wrote a blog entry that I would rebounce and uptrend would continue in no time. However, rebounce never shows up. We have, now, a bearish MACD crossover on chart with RSI oscillate around 50 level for month. I think SNE might cross below 50SMA. I have already sold my shares in SNE.

YOKU has pulled back from $20.64 high for two days, closing at $19.74. Note that YOKU is falling in a decreasing volume and MACD is still very strong. If YOKU pulled back to 200SMA level, $18.63, it would be a very sweet level for entry. I suggest a stop just below 50SMA, just to prevent we are experiencing a Elliot Wave B instead of a trend reversal.

American Apparel, Inc. (AMEX: APP) Possible MACD crossover of APP is around the corner. 50SMA has been a very strong support since 2013. I have no reason to believe it would be different this time. Therefore, I think once APP closes above $2.00 again, it will head to $2.40 level again. At least for now, APP will steadily rises along with 50SMA before a breakout.

04/29: DDD, AAPL, GOOG

2013-04-30T01:21:00.001-04:00

Big move today on Apple, Inc, jumping 3.10%. But 50-day moving average has been a very strong resistance on AAPL since last October when the stock turns around from its peak $700 level. I remain bearish on AAPL until it closes above $450.

Finally some definitive signs of trend reversal on the recent downtrend on DDD. It has found support from 200SMA and crossed above 50SMA with a little pullback. Today it runs up 3.47% closing at $35.77. I think DDD can reach $40.00 in two weeks. Bullish MACD Crossover took place last week.

Google, Inc. (NASDAQ: GOOG) Once I gave a sell signal on GOOG on Twitter because it significantly crosses below the 50SMA, but I would like to give a buy signal as GOOG turns out to get back above 50SMA with a pullback testing it validity. Bullish MACD Crossover.

04/23: GOOG, UVXY, CECO

2013-04-23T23:32:00.002-04:00

Click to enlarge a chart

Google, Inc. (NADSAQ: GOOG) has jumped almost 10% since last Friday from the previous low $761.26. Today's move is very sweet as it opens slightly below 50 SMA then pops all the way as high as $815.50 and closes at $807.90. GOOG literally closes above 50 SMA and get back on the upper half of the Bollinger band. Bullish MACD Crossover. Signal line approach zero from bottom. RSI looks healthy. Definitely a long candidate. Consider using a 10% trailing stop.

Click to enlarge a chart

As I have twitted today, we all should realize that UVXY and VXX have a hard time staying above 50 SMA. Next time when we sees a market correction and fear index jumping. We would know what to do. Get prepared for short.

Career Education Corp. (NASDAQ: CECO) had a huge move today, jumping 8.29%. Technicals, such as MACD, RSI are showing signs of recovery. I can't say it is a trend reversal but RSI and MACD are both upward sloping. Reaching above $2.40 should trigger a series of short squeeze.

6 Stocks on the Move

2013-04-23T02:59:00.001-04:00

Microsoft Corp. (NASDAQ: MSFT) makes a new high with huge volume. Bullish MACD crossover. Stock is reaching overbought level. But golden cross should bring another round of appreciation. Long candidate. Stop just below $30.00.

$85.00 level acted as a strong support to Exxom Mobil (NYSE: XOM) XOM gained back its position as the world's most valuable company amid Apple falling apart. MACD signal line and histogram are both turning around and XOM is trying to get back above 200 day moving average. Target for $91.00 in the short run.

Zynga, Inc. (NASDAQ: ZNGA) I have been waiting for long for ZNGA to bounce back. Golden cross took place 04/01 with a huge volume the day after. ZNGA is undergoing a consolidation for a while. 200 day moving average has acted as a strong support since this March. Saucer bottom is forming on MA(200). RSI is holding up pretty well despite the $1.00 per share fall since March. I expect ZNGA to get back to $4.00 in a month.

BlackBerry (NASDAQ: BBRY) has been trading with decreasing volume. Slightly uptrending line can be found on both price chart and MACD chart. Look for a break above MA(50) with more than average volume for entry.

American Capital Agency Corp. (NASDAQ: AGNC) I have been holding AGNC since the beginning of this year when its dividend yield reaches 17%. Again, AGNC has found support from MA(50). Uptrend still enacts.

American Apparel, Inc. (AMEX: APP) Although using technical analysis on a micro-stock like APP is much less useful and reliable, I cannot hold not to share that APP has found support from MA(50) three times since 2013. APP bounced 3.28% yesterday after reaching MA(50) level. I am long APP since $1.20 and has been buying and selling throughout the time. If you are interested in going long APP, I would suggest you to wait until a volume breakout with a pop confirming it. Stop at $1.70 would be sufficient at this level.

Apple Had a Big Drop Today!

2013-04-18T02:06:00.000-04:00

Apple, Inc. (NASDAQ: AAPL) dropped 5.50% today. Totally disaster. Once again, I have been telling over and over again in my Blog that AAPL is destined to drop to $400.00. Now, $400.00 might or might not serve as a strong resistance. At least $500.00 did not hold AAPL for too long, but don't blindly expect it will be the same this time. I suggest for those who short AAPL covering their stocks and observe what's going to happen now. Shall AAPL bounce back to MA(50), I will initiate short position again.

Amazon.com, Inc (NASDAQ: AMZN) has a tough time to make a new high even with a MACD Crossover. I target $255.00

Bank of America Corp (NYSE: BAC) had a big drop today and a bearish MACD crossover. Short term target at $11.00. Consider having more short positions in your portfolio than long ones.

Kellogg Co. (NYSE: K) had a very steady uptrend since last year. Even though with the big move this week, K seems still holding up very well. A break above $64.91 would bring another round of pop.

Altria Group Inc, (NYSE: MO) is forming a flag with now being traded just above middle line of Bollinger Band and $35.00. A break above $35.50 signals for a trend continuation. If it breaks below $34.82, the resistance is MA(50), $34.25.

Take a look at how $TSO follows lower Bband nicely. Similar to the points I have made in my previous post, TSO has fully formed a double top pattern, so now, looks more similar to a Head and shoulder. I target $45.25.

04/15: USO, GLD, DDD, S

2013-04-16T01:57:00.000-04:00

Told you USO is going to drop in my April 8th's post, I had a target of $30.00. It is going to reach there very soon. With a MA(50) crossing below MA(200) (i.e. Death Cross) as a driver, $30.00 level should be inevitable, unless tension in Middle East rises all of a sudden.

Along with oil prices, Gold also dropped significantly, amid Boston marathon attack. It is quite unusual to see gold dropping almost 9% in one day. So for those who shorted GLD as I signaled on Twitter, I totally suggest covering your position.

3D Systems Corp (NYSE: DDD) As I have mentioned before, MA(50) acts as a resistance very perfectly. DDD does have signs of recovery, if not, a trend reversal from downtrend into an uptrend. With higher highs, and Bullish MACD crossover, if DDD also makes a higher low/trough around MA(200). It would be very considerable to go long DDD again.

Sprint jumped after Dish Network offering $25.5 billion to buy its company. Keep S on your radar to see how the acquisition talk goes.

2 Stocks with strong uptrend and one with downtrend: BAC WIN CREE

2013-04-15T01:43:00.001-04:00

Bank of America. Corp (NYSE: BAC) has pulled back a little below MA(50) last week. Uptrend has not yet broken. Watch how MA(50) and Bullish MACD crossover plays. BAC should be jumping again in no time.

Windstream Corp. (NASDAQ: WIN) had a death cross last week. WIN has bounced back a little bit and MA(50), if not MA(200) should be a very huge resistance. I am looking to open a short position when it reaches $9.00 with a stop at $9.50.

Keep CREE on your radar is due for a break above. Closing above $55.66 with a bullish MACD crossover will be a very bullish signal. CREE jumps two times with a gap since 2013 with huge volume.

04/11: BIDU, FSLR, BIP, DDD, NOK, TLAB ZNGA

2013-04-12T02:32:00.002-04:00

Baidu, Inc. (NASDAQ: BIDU) seems to have fail to reverse its downtrend by breaking above MA(50). It is still struggling under MA(50). Could look into how Bullish MACD Crossover turns out.

Brookfield Infrastructure Partners, L.P. (NYSE: BIP) Pretty clear that it has breaks above a triangular pattern with a bullish MACD crossover. Bollinger Bands are under consolidation. The outlook is bullish now already but a cross above MA(50) would make the BIP's outlook even more bullish, by reaching $40.88 very soon if crossed.

DDD once crossed above MA(50) today. It touches upper Bband, Bullish MACD crossover is around the corner. It also seems like the death cross might not be coming if the stock continues to advance. Put it on your radar. A break above $38.00 would be a very bullish signal.

Nokia Corp. (NYSE: NOK) broke above its downtrend last week and continues to advance. Today, it experienced a little pullback as it's approaching 50 day moving average. Saucer bottom for MA(200). Watch for how Bullish MACD plays. I cross above #.76 would be sweat signal for entry.

Flag is forming after FSLR jumps. Watch for a break above the flag.

TLAB found support from 2.0 level. It could reach $2.20 in 2-3 weeks.

ZNGA under consolidation. Bullish MACD crossover is around the corner. ZNGA is falling with little volume, which is a bullish sign.

Thank you for visiting,

Gary Investing Blog

5 More Stocks to Watch for the rest of this week.

2013-04-10T03:23:00.000-04:00

Russell 2000 seems to find support from MA(50) after recent correction.

Stratesys, Inc. (NASDAQ: SSYS) is in the same industry as DDD, has a volume breakout today, with a huge move, crossing above MA(50) again. It looks like MACD signal line could pick up anytime. Keep it on your radar. A close above $76.61 generates a buy signal.

JC Penny Co, Inc. (NYSE: JCP) After announcing the company might go private, the stock tanked significantly, making a new 52week low. Double top pattern is found with top at $17.17 and $16.26, although the outlook is very bearish, the stock might bounce back to $16 level again this week. I suggest to stay away JCP as it becomes too volatile and sensitive to breaking news.

Cree, Inc. (NASDAQ: CREE) has a big move today after pulling back from $55.66 to $48.40. MA(50) served as a support very well. Volume confirms today's big Tuesday's big move. MACD histogram recovering quickly after reaching extremely low level. I target $60.00 for CREE.

Tesoro Petroleum Corp, (NYSE: TSO) is trying to get back above MA(50) but seems to have lost its strength. Candlesticks are turning smaller gradually and decreasing volume. Bearish MACD crossover. MA(50) is turning around. RSI crossed below 40 last week. Double top pattern is confirmed if TSO fails to break above $55.37. I target $50.00 by next week and ultimately $45.00 in 3-4 weeks.

Good luck in trading

Gary Investing Blog

Stocks to watch for this week: NFLX, ZNGA, DDD, APP, USO, TYC

2013-04-08T00:19:00.000-04:00

Netflix, Inc (NASDAQ: NFLX) has been dropping 7 trading days in a row with big volume. Bearish MACD crossover. It seems to be that NFLX is falling part in the short run. It should be no surprise to see NFLX dropping to $140 before showing some support and bounce-back.

Zynga, Inc. (NASDAQ: ZNGA) is holding well above MA(50) as well as MA(200) after breaking above a short term downtrend with great volume. Get reason for even more action as Bullish MACD crossover is around the corner. Since $4.0 would be a great resistance, I suggest to have a limit order set to liquidate partial positions at that price.

3D Systems Corp (NYSE: DDD) shows some support from 50-period moving average on WEEKLY chart. DDD has been dropping crazily recently, trade with a stop order. I suggest a stop just below $27.88.

United States Oil Fund, LP (NYSE: USO) Similar to what I have discussed about USO on March 20's post, I think USO is undergoing Elliot Wave C, which is the biggest and longest drop in the Elliot Theory. USO has crossed below MA(50) as well as MA(200) and had a bearish MACD crossover last Friday. I target $30.00 in a month.

American Apparel, Inc, (AMEX: APP) has been getting more attention and volume since March. Pennant pattern shown on chart and APP is falling on decreasing volume. Get reason for a breakabove and huge move. I target $2.80 for now.

Tyco Intl Ltd (NYSE: TYC) shows a double/triple top pattern. It crosses below MA(50) again. Bearish MACD Crossover. Still not very bearish to make shorting it a good trade, but I suggest stockholders liquidating their shares for now.

Thank you for visiting

Gary Investing Blog

One week off

2013-03-23T22:17:00.000-04:00

I am visiting Canada Monday through Saturday. Therefore, I will not be updating Gary Investing Blog next week. Have a nice weekend and hope spring come earlier.

Watchlist for March 22: SPY, ZNGA, DDD, BV

2013-03-22T02:04:00.001-04:00

SPY has failed to make a new high with a bearish MACD crossover. A pullback to MA(50) level is expected. Consider short SPY to hedge some risks.

DDD has been traded sideway for days after it drops to 200 day moving average. Thursday, it closes above MA(200) by one dollar per share. Bullish MACD is around the corner. RSI is recovering. I expect a bounce back to $34.00 but not a reversal of downtrend since MA(50) starts to be pointing downwards.

ZNGA, one of the most discussed stocks on Twitter today, along BV. MA(50) is rising quickly and we would have a Golden bullish cross by the end of next week. ZNGA is trading at very low volume. Stop just below MA(200) or MA(50) at your choice and risk tolerance.

BV, as many of your might know, it has a pretty clear breakout on a double bottom pattern, with a volume setup just like the one in Textbooks. Most volume on the first trough and big volume on breakout. Despite, it pulled back a little bit today, I remain bullish and I have a stop order at $7.20. I have a target to $9.00 in less than a month.

03/21: ZNGA, SPWR, FSLR, APP

2013-03-21T01:20:00.000-04:00

NASDAQ: ZNGA - So ZNGA has been beaten up badly for 2 weeks since GLUU lauched the first online real-time real-money gambling platform. ZNGA is now approaching 200 day moving average, which happens to be the 50% level on Fibonacci Retracement. 3.28 could be a nice level to go long with a stop at $3.10 where the gap is filled, risking 0.18 per share to speculate a move back to $4.00 level. Keep in mind that a big move could easily trigger a short squeeze. Also RSI has not yet crossed below 40.00, so uptrend has not been overwritten yet.

(NASDAQ: SPWR) just broke above a bullish triangle pattern with volume. I target $17.00.

American Apparel, Inc. (AMEX: APP) is forming a bullish flag on chart. You may consider today's move a breakover, since we have a huge volume detected (and it is mostly the hour before close). Trend should continue on Thursday.

First Solar (NASDAQ: FSLR) is trying to fill its gap. Bullish MACD crossover, increasing volume and green candlesticks. RSI crossing 50 level. Closing above $31.00 with RSI above 60 would signal a new uptrend starts.

7 More Stocks to Watch

2013-03-20T00:33:00.003-04:00

3D Systems Corp (NYSE: DDD) I know some people did not liquidate their position when DDD turned around in January. I am sorry to hear they have winded up with such a huge loss. DDD has dropped as low as $27.88 and crossed 200 moving average today, which many refers it as the "death cross.". Despite the low RSI reading, I suggest whoever holds DDD put a stop order at $28.00 as the outlook is very bearish for DDD and there is no sign of reversal here.

Globus Medical, Inc. (NYSE: GMED) seems to have found support from $14.00, signaling the uptrend is still taking place. It is a great level to entry and place a stop at $13.44.

BlackBerry NASDAQ: BBRY has broken above its short term downtrend last week with a little pullback. Support is found around 50-day moving average after two trading days of this week. Long Candidate. Stop slightly below MA(50).

InterDigital, Inc (NASDAQ: IDCC) has found support from centerline of the BBand, which is also 20 day moving average. Again, as I have mentioned many times previously, Bollinger Band since mid-2012 has been a very accurate indicator for IDCC.

Sprint (NYSE: S) broken above $6.00 level today, with a great volume. RSI has yet to reach overbought level. I think S has room to go to $6.4 before a pullback.

United States Oil Fund (NYSE: USO) has been beaten up badly today, almost covering all of its gain from Monday. Volume trend has been broken. RSI turned back down after reaching 50 level. It seems that Elliot Wave C, the largest minitrend in a downtrend, is around the corner. Get ready for seeing cheaper gas price at the gas station, folks.

NYSE: HPQ. Such a big move since 2013. Up almost 40% now. It is like no stopping. How far do you think HPQ can go? Please feel free to leave a comment below.

5 Stocks I'm Watching this week

2013-03-18T02:48:00.000-04:00

Bank of America Corp (NYSE: BAC) made a new high last Friday with huge volume.

Groupon, Inc. (NASDAQ: GRPN) has jumped 6.10%, despite the insignificance on chart, there is a breakabove on volume. I think GRPN might hit $6.12 again.

American Apparel, Inc. (AMEX: APP) not only found support from the breakout level but also broke above a flag pattern. APP has also been treading with increasing volume for the past several days. I would give a target of $2.8 if APP breaks above $2.08.

Sony Corp. (NYSE: SNE) has made a new high after company reporting strong financials. There are more cost-cutting and outsourcing plan ongoing with SONY, SNE could be a good investment for 2013.

GLUU (NASDAQ: GLUU) jumps from $2.4 to $3.34 after the company announces its first online real-money gambling platform. Trade with caution as any bad news can make the bubble burst. The company has not yet built strong fundamentals.

Thank you for visiting,

Gary Investing Blog

5 Stocks I am watching this week

2013-03-11T23:01:00.000-04:00

3D System Corp (NYSE: DDD) still looks very weak after dropping from $47.99 to $30. A bear flag is under formation. Watch out for a break below. On balance volume implies DDD should be trading around $25.00.

Zynga, Inc. (NASDAQ: ZNGA) has finally broken above $3.75, approaching $4.00 with huge volume today. I think a close above $4.00 will trigger a massive short squeeze. I have been suggesting my followers to go long ZNGA since it closes above 200 day moving average. The outlook of ZNGA still looks very bullish after today's run. Speculation on the future of online gambling and possible acquisition by Yahoo.

Apple, Inc. (NASDAQ: AAPL) Bullish MACD Crossover might bring some appreciation on this stock. My long term outlook for Apple is still very bearish, however, I think there is some room for AAPL to bounce back to $470 level.

Despite Blackberry (NASDAQ: BBRY) jumped 14.09% today, it is still closing below a short term down trend. I will prefer waiting for more confirmation, say a close above $16.00 to go long BBRY. P.S. Bullish MACD crossover and breakout on volume.

American Capital Agency Corp (NASDAQ: AGNC) has filled the gap formed after the company announced an issuance of stocks. Bullilsh MACD Crossover and OBV is picking up. A close above $33.00 could be a very bullish sign for AGNC.

Thank you for visiting

Gary Investing Blog

Twitter: GaryLee_HK

5 Stocks to Watch

2013-03-10T15:42:00.001-04:00

Zynga, Inc. (NASDAQ: ZNGA) is definitely under consolidation with light volume. It has been closing well above 200day moving average for 4 days in a row. The outlook is very bullish. Watch for a breakout above $3.75 which will bring more action.

Facebook, Inc. (NASDAQ: FB) Possible head and shoulder pattern on chart. It seems that bullish MACD crossover did not bring much appreciation. A break the neckline around $25.00 would signal a trend reversal on Facebook.

Yahoo!, Inc. (NASDAQ: YHOO) has been trading flat for three days after making 52w new high. Watch for more action when volume picks up.

American Apparel, Inc. (AMEX: APP) I don't usually use Fibonacci retracement on micro-cap stock like APP. but it seems to me that 50% level gives a great support to the stock.

Nokia, Corp (NYSE: NOK) Bullish MACD crossover coming. See if it can close above above $3.79, crossing centerline, MA(20) of Bollinger band.

GNIN, SPY, ZNGA, APP

2013-03-06T19:38:00.000-05:00

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.

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.

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.

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
Stocktwtis: GaryLee_HK

03/04: IDCC, ZNGA. AAPL, NFLX, KRFT, GEL

2013-03-05T00:37:00.000-05:00

Zynga, Inc. (NASDAQ: ZNGA) has its candlestick entirely above MA(200) for the first time!!!!. It is absolutely a golden cross and I can't wait for more action on ZNGA. Positive MACD and Rising on balance volume.

To read my analysis of ZNGA since this year, you may visit
http://gary-investing.blogspot.com/search/label/ZNGA

Apple, Inc. (NASDAQ: AAPL) Many of my regular readers know that I started shorting AAPL since $600.00 and has a target of $400 to close my position. I suspect when the price hits $400 benchmark, we would see similar action like the one we saw in Nov2012 when AAPL hit $500. Yes! A huge bounceback. Analyst and people will start to evaluate and "Oh! AAPL is way too undervalued. etc". It could be a while before the downtrend continues after hitting $400.

InterDigital, Inc. (NASDAQ: IDCC) has made a new 52-week high today. Take a look at how IDCC behaves when it had a bullish MACD along as a breakabove. Yes! Big action. I think IDCC will be heading north very soon. Note that volume is graduating increasing for a week already.

Netflix, Inc. (NASDAQ: NFLX) broken below a triangle pattern today with a highest volume in a week. I suggest taking profits at this level before it is too late.

Now. I want to just briefly mention 2 stocks with a strong trend. Kraft Foods Group, Inc (NASDAQ: KRFT) Increasing OBV, Positive MACD and makes a new 52week high today.

Genesis Energy LP (NYSE: GEL) Bullish MACD Crossover. 52week new high is made. The volume is very level and action is very strong.

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5 Stocks to Watch in March

2013-02-27T22:42:00.000-05:00

Pandora Media, Inc. (NYSE: P) has found support from centerline of Bband, which is also MA(20). The stock is looking good with rising MACD, golden crossover and fair RSI. Watch for a break above $13.5 for more north action on Pandora.

AFC Enterprises, Inc. (NASDAQ: AFCE) has gained from $26.00 to $31.83 since 2013. AFCE is under consolidation. With the recent move and the great volume, I think AFCE is due to another round of appreciation. Watch for Bullish MACD Crossover.

3D Systems Corp (NYSE: DDD) has gone south from $47.99 to as low as $30.28. It is absolutely a very bubble stock with lots of speculation. Although DDD has almost 8% in two days, do not rush to jump back in due to the significantly low volume.

Zynga, Inc. (NASDAQ: ZNGA) To be honest, I am unsatisfied with how much ZNGA gained today after NJ passing online gambling bill. However, after all, we are talking about crossing above 200-day moving average. ZNGA has rising on balance volume and a bullish MACD crossover today. It has tried to break above MA(200) three times in 2 weeks. MA(50) is catching up quickly. I think its outlook is very bullish.

InterDigital, Inc. (NASDAQ: IDCC) As mentioned couple of times before, IDCC tends to jump after touching lower Bband, so it also did this time in the first week of Feb. However, it has been trading side-way within a tight channel. MACD is turning up again and we had a bullish MACD crossover today. I have a target to $50.00 by the end of March for IDCC.

Thank you for visiting and Good Luck on Trading,

Gary Investing Blog

02/27: ZNGA, SPWR, SPY, UVXY, NOK, AAPL, AGNC, BBRY

2013-02-27T00:52:00.003-05:00

American Capital Agency Corp. (NASDAQ: AGNC) experienced a big appreciation after MA(50) crossing above MA(200) which many traders refer as golden cross. MACD is on its way turning positive. Prices has been trading well within upper half of the Bband since the beginning of 2013. To review other technical signals leading me to trade AGNC, visit my post on 02/11, "ZNGA, HLX, AGNC, BSX, LVLT".

UVXY, one of the most tweeted ticker on StockTwits.com for this week so far. Once again, it is trading to break above MA(50) as we have seen during fiscal cliff talks. UVXY is under huge pressure from profit taking and short traders. However, if we take a look at the chart below, SPY, the overall market is not quite bullish as it has seemed, making VXX and UVXY consider trades.

Remark: Trading with VXX and UVXY involves high risk tolerance. Since the contango nature of its futures options, as well as the overnight risks involved, most traders hold fear index fund and option for less than a week. For me, I only do day trade on VXX and UVXY and I have found Fibonacci Retracement (or Arc) is quite accurate in predicting its movement. I might come back to this topic with proofs later this week.

Moving forward, there are numbers of bearish signal on SPY chart.
1) SAR signals for a new downtrend
2) MACD dropping quickly
3) Price closes (Not touches!!) below lower Bband first time since last Nov.
4) Falling OBV

For hedging purposes, I suggest
1) Do not use full margin to buy stocks
2) Consider shorting SPY or selected stocks that you believe will underperform
3) Hedge with put options or VIX

Nokia (NYSE: NOK) has similar action as in BlackBerry except the situation is slightly worse with a huge red candlestick and quicker falling MACD and RSI. Lumia has out-of-expected sales volume and positive reviews. Lumia 1000 is about to come. I have no idea why it is dropping but I have to stay out of NOK for now as I dont see an end to this depreciation.

Zynga, Inc. (NASDAQ: ZNGA) is traded with high volatility for more than a week. Yesterday's afternoon, New Jersey Governor has signed a bill allowing online gambling, which is definitely a good piece of news to ZNGA. However, ZNGA did not show much appreciation which is inconsistent with its action yesterday after Nevada passing a similar bill. Online gambling, as casinos, should be a highly profitable business. I am looking forward to ZNGA making an announcement on its online gambling development or partnership with casinos at Atlantic City.

Technically, ZNGA breaks above MA(200) with huge volume yesterday and a bullish MACD crossover. Also, SAR signals a uptrend. Also $2.84 is a 50% retracement level from $2.09 to $3.75. ZNGA is currently trading at 50cents over its book value.

Apple, Inc. (NASDAQ: AAPL) shows a bearish harami on chart. Also watch out for bearish MACD crossover which it brought massive sell-off previously.

BlackBerry (NASDAQ: BBRY) has broken below MA(50) for days after MACD crossed below zero. The trend is very unclear to me and I suggest you to stay out of it for now until further confirmation.

I have sold all my shares in SunPower Corp (NASDAQ: NASDAQ: SPWR) after it breaking below a flag pattern. SAR signals for a downtrend. MACD falling quickly. I would evaluate the technicals again when SPWR pulls back to $9.12.