The markets continue to be strong.  Remember, the trend is your friend.  The SPX looks to be in the 5th wave of a 5 wave move.  It traded up to 2400 pulled back to support at 2360  (twice) and bounced back up.  It has had two inside days and even with a quadruple witching hour, it held support. NDX is in steep up trending channel.  What a move it has made in the past 13 months.  It also looks like the NDX is in an extended 5th wave of a 5 wave pattern.  There is a bit of divergence with the Transportation index, though.  Dow theory has to have the Tranny confirm the Dow Industrial break out to a new high.  The Tranny made a nominal new high a few weeks ago, but since then has pulled back to support.  It is consolidating in here and it could possibly be in the 4th wave of a 5 wave pattern and therefore has some catching up to do.  The Russell 2000 (IWM) is also lagging.  It appears to be in a consolidation phase and has bounced off of support.  It also looks like it is in the 4th wave of a 5 wave pattern and if it breaks the lateral resistance, the markets could take off.  

The gold chart is not showing any direction at the moment.  After the large one day drop from $10.00 down to $7.00 and then subsequent drop to $5.50 it has bounced.  But is it a dead cat bounce or the start of a trend, we don't know.  I am staying away from gold for the moment.  Oil is much the same pattern.  The price of crude is not showing any direction and the oil stocks are not looking good in here.  I wouldn't be looking to go long oil stocks at this time.

FATE:  Stock build a long base around $3.00 and then moved up to a recent high of $4.75.  It pulled back in a wedge formation and 2 weeks ago broke out of that pattern.  Over 3 days it traded up to a high of $5.66 but closed at the low of the day.  Since then it has pulled back to the up trending channel line an don Friday bounced off that line trading up to near term resistance of $5.00.  A trade over $5.00 and we should see trade back up to the recent high of $5.66.  Through that level and the price target is $6.50.  

FIVN:  Here is a stock that has come from $3.00 and on Friday it broke out of the 3 month base pattern is was forming.  It gapped up above the resistance trading as high as $18.19 closing at $18.02.  I would look to go long over Friday's high with $20.00 as the next target.  

HIMX: Stock was in a long term down trending channel.  Back in mid February it broke through that declining tops line and traded sharply higher into the $7.50 range.  There, it formed a wedge and in early March broke out to the upside of that wedge.  Since then it has been in a strong up trending channel trading as high as $8.65 on Friday, closing at $8.60.  I would look to go long over $8.65 with price target of $9.25 and then $10.00.

IMMU: Stock has multiple tops in the $7.00 to $7.50 range.  But it is in a strong up trending channel.  One could trade it over $6.65 and watch it closely when it gets into resistance.  But, above $7.50 and I think you will see $9.50.  Shorts, 4.1 days to cover.

KEM:  After the big pop last month the stock has traded in a tight consolidation range.  It has overhead resistance at $11.85.  It is hard to say when it goes, but if it does than $16.00 is the next price target.  

SFM:  Stock spiked to $22.00 on Thursday, closed at the lower end of its range and then on Friday traded right back up to the top closing at $22.02.  It is at resistance, but I would look to go long this stock over $22.25 with price targets of $24.00 and $27.00.  Something is cooking here.  Shorts 5 days to cover.

TTPH: After break out of its long term base, it popped and traded (and consolidated for a month in the $5.25 range.  Early March it popped out of that base and has been in a strong up trend since.  On Friday it traded as high as $8.69 closing at $8.28. I would look to go long over Friday's high with $9.25 and $12.00 as the targets.  Shorts, 4.3 days to cover.

UCTT:  Super strong chart in a long term up trending channel.  On Friday, it broke nicely above the $15.00 resistance level trading as high as $15.64 before closing at $15.45 I would look to go long over Friday's high with $17.50 as the price target.  

VRAY: Simple, if this stock can break through $6.45 it is head to $7.00 and then $8.00.