Soft day on Wall Street.  The indices gapped lower traded down in a 5 wave pattern closing near the lows of the day.  The biotechs (LABU) started off strong against the tide of the market breaking through multiple tops.  But it could not sustain itself against the overall market pull back.  

IMGN: Stock broke out of the declining corrective channel near the bottom of the larger up trending channel.  It did trade through lateral resistance at $5.50 and traded as high as $5.66, closing at $5.42. It needs to get up through the resistance and trade above today's highs.  If it does, then $7.00 is my price target.  Short ratio, 5.2 days to cover.

IMMU: Stock has been in an up trending channel since November last year.  Today it traded up to lateral resistance at $8.44 and closed at $8.27.  It needs to trade through today's high with a price target of $9.75.  Short ratio, 7.8 days to cover.

MRAM: A semiconductor stock fighting the trend.  This recent IPO made a nominal new high today trading as high as $22.00 before closing at $21.90.  If it can continue with the momentum then this stock should trade in the mid $20s.  

VSLR: Solar stock fighting the trend.  It has gapped up two days in a row now.  Today it traded as high as $5.30, closing at $5.20.  It does have resistance at $5.50.  I would expect this stock to consolidate in here.  But if it should break $5.50, then $6.00 and $7.00 are the price targets.  Short ratio, 16.7 days to cover so the squeeze may be on.

CLR: Oil stocks are not looking good and this is no exception.  Stock traded down to support at $30.18 today and closed at $31.59.  It looks like it is in a free fall and I would look to short under $30.18 with $27.00 and $22.50 as price targets.

TRGP: Another oil stock in a free fall.  It did hold support today at $41.20 closing the day at $41.40.  Should it break below $41.15, then $36.00 is my price target.

YELP: Stock broke down today out of a bear wedge trading as low as $29.36 and closing at $29.44.  A short below today's low and I have a price target of $27.00 and then $24.00.