Strong down day on Wall Street today as the markets made a 5 wave declining pattern on the 5 minute chart today.  Indices are at the bottom of the descending channels.  The NDX is down nearly 200 points on this pull back and the SPX down 50 points.  

ERI: Stock has been up strongly the last two days despite the declining markets.  Yesterday it broke out of the wedge pattern and today it had follow through trading as high as $23.00 before closing at $22.55.  It is hard to say if the momentum can continue, but I would look to go long over today's high with $25.00 as the price target.  Short ratio, 10.5 days to cover so this may be adding momentum to the trade.

HDSN: The stock had all the ear markings of a strong day; good earnings, an acquisition and large short position.  The stock started off strong and traded as high as $10.40 before backing off and closing below the lateral resistance at $9.26.  I will be looking to dip buy this stock in the low $9.00 range with below $9.00 as my risk.  If markets should rebound and HDSN goes, I would look for a $11.00 and $12.00 price target.  Short ratio, 7.2 days to cover.

HTZ:  It seems that something is cooking with Hertz.  I wrote about this stock today and it had a good move through the triple top resistance I talked about trading as high as $18.60 before closing at $18.40.  I would look to go long over today's high with $25.00 as the price target.  Short ratio, 3.3 days to cover.

SGMO: Stock had a nice pop today as stock broke out of the descending channel and traded up to resistance at $9.70 to close at $9.50.  Through $9.70 and my price target is $10.50 and $11.50.  Short ratio, 5.0 days to cover.

AFAM: Stock is forming a bear wedge after gapping down last month.  Look to short the stock below $46.25 with $39.00 as the price target.

FNSR: Stock has broken out of the uptrending channel and fallen sharply, bounce back up to the channel line and came off again.  I would look to short this stock below $23.40 with first support at $22.00 and then $19.00.

FPRX: Stock has made a triple bottom at $26.60 but is at the top of its down trending channel.  I would look to short below $26.50 with $23.00 as the price target.  Short ratio, 7.3 days to cover.

PLT:  Stock appears to be in a free fall closing today at $42.68.  If the fall continues price target is $41.00 and then $36.00