Big day on Wall street today.  NDX went through resistance like a hot knife through butter trading up as high as 5107 before closing at 5101.  SPX is much the same story trading through the previous highs to make an new all time high at 2284 before closing back off at 2880.  Obviously, lots of stocks were very strong today coming from a strong early earnings season.  This seems to be the market melt up I have been writing about before we see the stocks correct coming into February.  

Another explosive move today on URA (Uranium ETF).  It appears Uranium stocks are the flavor of the day.....

ATI: Run away gap today up over $5.00.  It broke out if a descending wedge and through resistance keeping it down for the last 1.5 years.  With that kind of move through those levels, a stock like this should keep momentum going for a few more days.  I would look to go long over today's high of $22.90 with $26.00 as the target.  Shorts, 10.6 days to cover.

CENX: I wrote abut this stock on January 13 initiating a trade at $10.70.  Today the stock traded as high as $16.24 thanks to tweets from President Trump.  It does seem to be extended now.  We may get a test of $18.00 which is the next resistance level.  But, I will also be looking to go short on a G/R move after doubling in price and 8 days straight up. Shorts 6.8 days to cover.

CY: A semiconductor stock that had been lagging.  Today it looks like it will start to catch up.  It is trading at the bottom edge of the up trending channel and today popped out of the wedge it was forming.  I would look to go long over the resistance level of $12.50 with $14.00 as my price target.  Shorts 6.5 days to cover.

NAK: Stock broke through resistance today and traded as high as $3.45 closing at $3.25.  Though the chart pattern is strong, this stock has come from $.25 last summer.  It appears to be getting over extended and with a massive volume of 31 million shares, I would say it is a blow off.  I will be looking to go short on a move either to the recent high or a move G/R.  If the momentum continues, though, it runs into resistance at $5.50.  So, I will have a tight stop at $3.50 with a view of shorting at higher levels. 

OCLR: Stock tried to break out of resistance today trading as high as $10.10, closing at $9.99.  It is a triple top here so it needs to break through this level with conviction.  I would look to go long over $10.20 with $13.00 as my price target.  Shorts, 3 days to cover.