Interesting day on Wall Street.  After the huge institutional re-balancing of accounts at the end of the year, the markets opened strongly, faded for the day and then rallied into the close.  Oil was up sharply initially on more talks of production cuts but sold off during the day as fears of the unreliability of OPEC members came to the forefront.  On the gold front, after the big sell off on Friday of the gold stocks (JNUG and NUGT) there was no follow through to the down side.  Today was an inside day for the ETFs.  Both these factors are bullish signs.  They are approaching resistance on the major declining tops line so definitely worth watching in here.

CBAY: Stock is up strongly after hours on big contract news.  After hours it is strongly to $3.00 forming an ascending wedge.  There is prior resistance at $3.04 back in May of last year.  I would look to go long above that level with $5.00 as my price target.  Shorts, 4.3 days to cover.

CETX: Nice winner from my watch list night with a $7.50 entry level hitting my target of $8.00.  It traded as high as $8.25, closing at $8.05.  It is in a steeply rising channel and I would look to go long over today's high with my next target of $10.00.  The stock may need to consolidate for a few days, though, before it carries on.  

CRNT:  Another nice winner from my watch list last night.  Stock traded above the resistance level of $2.93, trading as high as $3.05 before closing at $2.95.  I would look to go long over $3.05 with first price target of $3.40 and then $4.25.  

DEPO: Stock up strongly on take over rumors.  It gapped up today and closed right near the top of its trading range at $20.34.  It has broke out of a declining tops line and will run into double top resistance at $21.50.  If it can get through that level then $25.00 is the target.  Shorts, 9.5 days to cover so short covering could add to the momentum of this trade.

PACB: After a major drop from $6.75 to $3.75, the stock has been consolidating at the bottom of its range.  Today it had a nice pop from $3.75 to $4.40 closing at $4.38.  $.50 seems to be the extent of its daily range so a break above $4.40 and we could see it trade up to $5.00.  A trade above that level and it could fill the gap back up to $6.75. 

ZYNE: A stock of have written about and traded many times had a big pop today up $2.36 breaking through a triple top and closing right at the top of its trading range at $17.95.  I would look to go long over $18.00 with a price target of $21.00.  Shorts 6.6 days to cover.