S&P 500 all time new high again while the $NDX consolidated most of the day.  There is a lot of cash on the sidelines or short sellers waiting for the big correction.  Yet the markets keep climbing the wall of worry.  The secular bull market is well intact and has several more years to run.  The trend is your friend so don't fight the feeling.

ABUS: A nice winner from my watch list last night.  After breaking out of the large base it had built the stock traded up to $8.20.  From there it made an orderly retraced down to $5.50.  Yesterday it exploded out of the down trending channel and today had great follow through making a nominal new high trading to $8.25 and closing at $7.55.  It may consolidate in here but if it moves over today's high with momentum then $9.00 and $10.00 are price targets.  Short ratio, 3.6 days to cover.

CLSN:  Stock was up 4 fold today on positive news trading 74 million shares.  It traded as high as $6.06 closing right at the top.  After hours it is trading as high as $7.00. Over $7.00 and the next resistance is $9.00 and $14.00 if it really gets crazy.  But it is a dangerous trade having moved so much.  Short ratio 4.9 days to cover.  

EYCT: After its explosive move yesterday, today was even bigger.  The stock traded up as high as $6.55 closing at $5.88.  If the momentum continues over today's highs then next resistance is $9.00.

ELGX: Stock spiked up today through lateral resistance trading as high as $5.93 before closing at $5.85.  The gap fill comes in at $6.20 and resistance above that is at $7.50.  This could be in for a big short squeeze as short ratio has 24.9 days to cover.  

ITI: Stock has been in a steady up trend since the beginning of the year.  Over the last few months it has been consolidating and is at the lower end of the channel.  Today it spiked up and broke through lateral resistance trading as high as $7.69 closing at &.45.  The stock will run into resistance at $8.50 and then $10.  Short ratio 8.9 days to cover so if the momentum continues the shorts could get squeezed.

MRNS: A stock I have written about recently is in a strong up trending channel.  It traded as high as $6.89 closing at $6.86.  This is just above resistance.  If the momentum should continue then $9.00 is the next target.  

MTBC: Stock exploded near the end of the day today trading off its base at $1.50 to $3.84 ($4.00 after hours).  Last time it spiked it was a 4 day wonder.  Over $4.00 and we could see $6.00.

MTCH:  After trading in a rising wedge the last month it broke out to new high ground today.  It traded as high as $25.26 closing at $24.75.  This stock has lots of room to run and I would look for $28.00 on the short term.  Short ratio, 9.3 days to cover so could add momentum to the trade.

PXLW:  Stock broke out of a reverse head and shoulders pattern today trading as high as $5.43 closing at $5.40.  I bought the stock as a swing trade this afternoon and I am looking for a retest of recent highs at $6.10.  Above that and $7.00 is the target.  Short ratio, 4.1 days to cover.