Indices were weaker today.  But not surprising there is some pull back with their big gains over the last two weeks. Gold had a better day today with JNUG and NUGT bouncing off of support.  They are in a descending wedge formation so the jury is still out as to whether it will find support at this level.  But it does look like it is at the bottom of a the 5th wave in a 5 wave pattern.   So, more consolidation at this level and we should see golds rebound and change direction.

CAAS: Stock has had three big up days in a row coming from $4.50 to $7.25 closing at $7.03.  The stock seems to gap up in the morning and then trade sideways for the remainder of the day. It has broken through two levels of resistance. If it can continue this momentum then $9.00 is the target. If the momentum fails, then I may look to short first G/R day.

CDEV: Recent IPO that has come from $9.00 to $16.96 back in September.  From there it made an orderly consolidation in a 3 wave down trending channel.  Last week, it bounced of the lower trend line and broke through all resistance trading up to the all time high (hitting $16.89), closing today at $16.40.  I would look to go long this stock above $17.00 with $18.50 as my first target.

HIIQ: A stock I have been writing about lately when it broke above resistance at $10.90.  Today, it had a big pop trading as high as $13.15, closing at $12.85 (back to $13.15 AH).  It is a stock that trades in $.05 increments so a little harder to trade.  If the momentum continues on this stock, I would look for a price of $14.00.  But, I wouldn't be surprised to see it consolidate in this area before moving higher.

HTBX: A stock I had good profits off of the last few days.  Today, it continued its momentum to the up side trading as high as $3.25 (after hours it is now $3.50).  It will find resistance around $3.50.  But a break above that and I have a price target of $5.00.  Huge volume today of 18 million shares so it will be interesting to see how it trades tomorrow.

IDSA: Stock has rocketed off a low of $1.10 recently, breaking through a major declining tops line and hitting a high today of $3.35, closing at $3.00.  The $3.35 are is resistance for it but if it can break through that then $4.25 is the target.  A G/R day and I will look to go short.  Shorts 4 days to cover.

KEM: Stock has come from $1.25 last February to a high of $5.67 closing at $5.46.  It is getting very extended and could run into resistance at $6.25 area.  I think there is too much overhead resistance for it to run much further.  I would look to short on a G/R day or in the low $6.00 range.  Careful though, shorts 9.7 days to cover could help the momentum on this trade to the up side.

PZRX: I caught this stock early as it broke out this morning trading it for small profits.  It did end up trading much high hitting a high of $3.30 closing at $2.80.  And for a stock whose average volume is 50,000 shares, it trade 30 million today.  Outstanding!  If it has follow through tomorrow, the targets are $3.50 and $4.00.  But if the algos go away, the volume will dry up and it will fade away.  

REPH: Another stock I traded for profits today.  It did trade as high as $10.17 but pulling back to $9.30.  I will be looking for a good set up to enter this stock in the morning, but it will find resistance at $10.80 and then $12.50.