The indices are deteriorating quickly but they are reaching an over sold area.  I wouldn't be surprised to see a snap back here, though maybe from a lower level.  The big sell off in FB tonight will not help the NDX and I would expect it to test the 4700 level tomorrow.  SPX does not look much better but I think SPX hits 2085 the next few days which should be be support and perhaps a snap back rally.  Interesting day for gold with the bullion price trading up close to $1,300, yet NUGT and JNUG off sharply.  It may have been a pull back from resistance on NUGT with the next up wave about to start.  We will see.  Biotechs as well continue to get hammered with the bearish biotech ETF, LABD trading up in an up trending channel.  It is right at resistance, so we may be getting that pop rally sooner than we think.

Long:

AMKR:  In this soft market, this stock continues to out perform.  Two days ago it popped out above the short term down trend line and traded as high as $10.80.  Today was an inside day with the stock up $.36 closing at $10.59.  It could consolidate in here for a few more days which would be healthy.  But I would look to go long over $10.80 with a price target of $12.50.  

LNTH:  Stock is trading up in an up trending channel right near resistance at $10.30 where it has made a double top.  It is a very strong chart in this market and I would look to go long over $10.30 with $13.50 as my target.

SKLN:  Traded the stock for small gains today but I had the right idea as it surged $1.00 from my entry level.  It did pull back and close $3.35.  The long term chart is not that good but if the stock can get over $4.00 we should see it run to $6.50.  

SQ: Stock is trading at the lower edge of an up trending channel and today broke to the up side above its declining tops line on a good earnings report.  Stock traded as high as $11.88 closing at $11.65.  Stock needs to get through resistance at $12.50.  If it can then $16.50 is my price target.  Shorts, 6.5 days to cover.

Short:

AIRM:  Stock is starting to accelerate to the down side.  Today it broke below the down trending channel line trading as low as $24.47 closing at $24.90.  Any kind of bounce in the morning and I would look for a good entry level or a trade below$24.47.  $20.00 is the target.  Shorts, 26.4 days to cover so be careful.

NHTC: Stock is in a long term down trending channel.  Two weeks ago it broke below support and formed a bear wedge.  Today it broke out of that wedge to the downside.  I would look to go short below $22.00 with $16.00 as my target.

TEAM: Stock has formed a massive head and shoulders pattern and last week broke below the neck line.  It has rebounded some and if it continues I would short into resistance at $27.80 or below $26.00.  Targets, $25.00 and then $22.00.  Shorts 4 days to cover.