Stocks were of slightly today, but the overall technical picture doesn't really reflect that.  The market is currently overbought. Bullish sentiment is at extreme high levels (read: bearish) and though the markets are only slightly down selling pressure is increasing and buyers have run out of powder.  The stock market is over-bought on a short term basis. I don't think the S&P gets past the 2300 mark on this move.  February, as well, is historically a tough month for bulls.  That being said, the primary trend is still up even though I am looking for a 5-10% retracement here.

With the weakness in the USD, gold had a big day and as such the gold ETFs were very strong.  I traded JNUG several times today for profits as it broke out above the ascending neckline I talked about over the weekend trading as high as $12.40 and closing only slightly off the highs.  

AUDC: The stock is in a strong trending up channel.  It made a new 3 year high today at $6.86 breaking out of a consolidation formation on big volume.  It closed slightly off on the day at $6.71.  I would look to go long over today's high with a price target of $7.30 and then $8.00. 

CETX: Stock bounced nicely off of the 50 day moving average breaking the descending tops line of a wedge formation. It traded as high as $6.55, closing at $6.34.  I will be watching the price action around today's high.  Next resistance is $7.00 and then $8.50.

CNAT: Big break out on the stock today.  In late December it broke out of its base at $2.50, gapped up and traded as high as $5.50.  It then pulled back sharply and rebounded to trade as high as $6.30.  Since then it has been in an orderly descending channel trading down near support at $3.75.  Today it broke through the descending tops line trading as high as $5.09 and closing at the high.  (After hours the stock is up slightly).  I would look to go long over the after hours highs with $5.50 as the first target and then $6.30.  

EMKR: Stock broke out to the up side of an ascending wedge formation.  It broke through the $9.50 resistance level, traded as high as $9.75, closing right on (now) support at $9.50. It does look poised to go with a price target of $12.00.  But, earnings release tomorrow so we will see.

GLBS: After popping mid-January to $13.00 on big volume, the stock has formed a descending wedge on low volume.  Today it popped out to the up side of the descending tops line closing near the high of the day at $9.70.  It has resistance around $10.00 (trading there after hours).  I would look to go long over $10.00 with $13.00 as my price target. 

PGNX: Stock broke out to the up side of its consolidation channel trading as high as $10.25, closing at support at $10.00.  I would look to go long over today's high with $11.00 as the target price.  Shorts 8.1 days to cover.  

SALT: I traded SALT for small profits today as it broke above recent highs.  It is in a long term up channel with moving averages turning up.  I would look to go long over $8.10 with $10.00 as my price target.  Shorts 4 days to cover.