Markets generally were good today, opening soft but going green midday and rallying into the close (with a minor sell off right at the end).  The NDX made new highs today and is trading near the lower edge of an up trending channel.  It does appear, though, that it is in the 5th of the 5th wave move.  So we may be at a pivotal point for the NDX.  The SPX is trading close to the highs having found support at around 2290.  It is mid channel of an up trending channel and looks like it needs to start (and finish) wave 5 of a 5 wave pattern.  Such a move would put it up around 2300.  But the chart pattern does not confirm the NDX move.  So again, divergence between the two.  

AKAO: Another new high for this stock trading up as high as $20.20 before pulling back and closing at $19.72.  The stock broke out of its base back in early December and has been in an up trending channel since.  It appears to be in wave 5 of a 5 wave patter breaking above lateral resistance today in making the new high.  I would look to go long this stock over today's high with $23.00 still as my price target.

AUDC: A stock I wrote about recently.  It broke above the lateral resistance trading as high as $6.99 and closing at $6.95.  It looks like it is in wave 5 of a 5 wave pattern.  On Monday it had a strong up day on big volume.  Tuesday was a red inside day on low volume.  Today another big volume day with a break into recent highs.  As such, I would go long over $7.00 with $8.50 as my target.

CRNT: Stock broke out of a wedge formation today, trading up as high as $3.97, closing at $3.86 on good volume.  I would look to go long over today's high with targets of $4.35 and then $5.00.  

OREX: Very strong chart pattern.  In early January, the stock exploded off its base trading up as high as $4.00.  It then formed a rising wedge pattern.  Last week it broke out above lateral resistance trading up as high as $4.92 (new lateral resistance) and closing at $4.82.  I would look to go long this stock over today's highs with a price target of $6.50.