Back to back green futures, here’s to hoping the market can hold the gap this time unlike Tuesday and Thursday. U.S. stock futures rose on Friday, as investors appeared to brush aside ratings downgrades for several major banks and awaited U.S. consumer-price data. The U.S. economic calendar is fairly light on Friday, with the November consumer-price index due at 8:30 a.m. Eastern time

Shares of Zynga Inc. will start trading on the Nasdaq on Friday. The social-game maker priced its initial public offering at $10 a share Thursday, at the high end of the expected range. This bodes very well for our GLUU swing, more on that below.

GEVO – saw the news first in Sykes room and had to alert the deal with Coca-Cola because it was one of the best catalysts I’ve seen in a while. Sure enough in at $6.10 out at $6.92 in less than an hour for about $1,700 profit. Then as it shook out traders that afternoon I bought again just $.11 above my initial entry on the pullback. My reasoning to buy again after winning is simple, I figured a modest 8% gain (Open $5.73) was not a true reflection of the impact the Coca-Cola deal will have on the stock. Goal is $7 -$8 short term with a stop at or near entry.

Here is Thursday’s price action in 5-minute Japanese candlesticks.

GLUU – market gap yes but then it traded down all day which prevented GLUU from running. Today I think we’ll see GLUU fair well but it could get volatile so guard your position well. First thing I’m hoping for is an uptrend in the market. No more gap and fizzle like Tuesday and Thursday. With Zynga pricing at $10 or the high end of it’s range it suggests a strong demand from institutions which is great. Today’s open for Zynga should be $13 or higher I think and if the stock trades well meaning it’s not straight down then I think GLUU could hit $3.60 today. Those are two big ‘ifs’ but that’s the catalyst I’m playing here. Goal is to be out today but if things look better than expected there’s a possibility of letting it ride into next week. GLUU’s Beta is almost 2.5 so if it gathers steam watch out.

Nothing has changed for LOCM, USAT or HKN so read yesterday’s updates for my existing thoughts there.