Soft day in the markets today. Though biotechs and the oil sector are trending nicely.  Here is what I said in my blog a few days ago about the oil sector: "It looks like the energy sector is remaining neutral even though the commodity (oil) has pulled back from recent highs. What it indicates is that the market thinks oil is going higher from these levels and this is just a temporary pull back".  And today the energy sector proved this to be accurate as the oil price was up today.  The ERX etf broke out above a multi-month resistance area and looks to trade higher.  

ARLZ: Stock has been moving up over the last few months from a low of $3.00ish.  It has been in a strong up trending channel.  It had pulled back in a wedge shape on light volume and the last two days broke out to the up side on increased volume.  Stock traded as high as $6.20 today before closing at $6.09.  I would look to go long this stock over $6.20 with $7.25 as my price target.  Shorts, over 4 days to cover.

BV: Recent earnings winner breaking out of a wedge formation the last two days.  Today it traded as high as $4.82 closing at $4.76.  The $4.80 area is resistance but if it can trade through that then my near term target is $5.30.  shorts, 4 days to cover.

EMES: I have written about this stock in the past and it keeps on moving higher.  Today it broke above resistance trading as high as $14.60, closing at $14.51.  I would look to go long over $14.60 with a price target of $20.00.  Shorts 3 days to cover.

MBVX: Nice winner from my watch list from last night.  Stock traded up as high as $6.00 before pulling back to close at $5.89.  The stock is looking quite strong and I would look to go long over $6.00 with a quick move to $6.50.  It runs into resistance there.  But if it can break through that then it should move quickly to $8.25.  If it runs into trouble there we may need to see it consolidate before trading higher.

PETX: Nice break out on this stock today from its descending wedge pattern.  Trading as high as $9.90 today and closing at $9.80, the stock is at the lower range of its up trending channel.  I would look to go long over today's high with a price target of $12.00.  Shorts nearly 5 days to cover.

VUZI: Nice winner from my watch list last night.  I traded the stock for profits today.  The stock broke out today above multi year resistance at $9.70 trading as high as $9.80 and then closing back at $9.69.  It is mid channel of a strong up trending channel.  I would look to go long above today's high with a $12.00 price target.

XNCR: Low volume trader with a very strong pattern developing.  It is at the apex of a wedge formation and the lower range of its upward trending channel.  I would look to go long over $21.50 with $23.50 and $25 as my near term targets. Shorts, 8 days to cover.