SPX trades to all new time high and it looks like it is going higher.  The up trend remains strong.  If we get a melt up on the SPX, then 3,000 is the top of the long term channel.  NDX is much the same.  Top of the channel there is 7,100.  Stay with the trend.

Transportation index also remains strong and those that follow Dow Theory it keeps confirming the buy signals of the DJ Ind.  

Russell 2000 (IWM) has broken out of the consolidation and is mid channel of the longer term channel.  The top of the channel comes in at 180.  Small cap may be the place to put your money now as the big names all have had huge % gains.  IWM has been lagging and should catch up.

AAPL, AMZN, FB (but now pulled back on news), GOOG, MFST, and NFLX all making all time new highs. 

Gold (GLD) is approaching recent resistance so in an area to watch.  But the NUGT and JNUG not really indicating a run is at hand.  Watching gold but not too excited about it at the moment.

Oil (USO) is breaking out of a long term base.  It is nominally above the base and looks, short term, over bought.  Could see oil trade to $74/$80 though.

ACBFF: This pot stock stays on the radar.  It looks to be completing wave 4 of a 5 wave pattern and is coiling near resistance of $12.00.  Over $12.00 with volume and I would look to go long with $18.00 as the price target.

ADMS: Stock has been building a base for the last few months and is trading right up at lateral resistance.  It is near the bottom of the up trending channel but has a triple top at $38.75. Through that level and I would put on a swing with $45.00 as the price target.  Short ratio 3.7 days to cover.

APTI: Stock broke out of a wedge formation and then pulled back to test support.  On Friday it broke out of a new wedge formation and traded up to lateral resistance.  If it can break through $25.50 with volume, then $27.00 and $30.00 are my price targets.  

ARWR: Stock appears to be in wave 3 of a 5 wave pattern.  On Friday it made a recent nominal new high trading as high as $6.40 and closing at $6.29.  Over $6.50 and I am looking for $8.00.  Short ratio, 3.2 days to cover.

COLL: Nice winner from my watch list with a big move on Friday.  Stock traded as high as $23.53 closing at $23.38.  It is at the top of the channel so may consolidate in here.  But a break over Friday's high and I am looking for $25.00 and $28.00.

CORT: Strong up trending channel recently breaking out over lateral resistance at $22.00.  On Friday it traded to $24.02 closing at $23.98.  It is near the top of the channel so it could consolidate in here.  But the top of the channel is $25.50 and through that $32.00 would be the measured move.  Short ratio, 5.4 days to cover.

CRCM: Stock has been building a base for the last several months and on Friday it broke out to the up side trading as high as $20.29 and closing at $19.96.  If momentum continues and we get a follow through, look for the stock to test the previous spike high of $20.88.  $25.00 is the top of the channel so could have room to run.  Short ratio, 4.4 days to cover.

FATE: Strong biotech chart.  It is trading right at lateral resistance after an explosive move last month from $5.00 to $7.00.  Friday it traded as high as $7.40 closing at $7.37.  I would look to go long over $7.40 with $8.75 and $11.00 as price targets.  Short ratio, 4.6 days to cover.  

GDS:  Stock is in a strong up trending channel and after a recent pull back to support and the bottom of the trend line it traded sharply higher the last two days trading through lateral resistance at $25.00.  On Friday it traded as high as $26.57 closing at $26.37.  The top of the channel puts the price target at $32.00.  Short ratio, 5.2 days to cover.

GLYC: A stock I have been writing about for a number of months as it is in a strong up trending channel.  And Friday was no exception.  It traded as high as $25.20 closing at $23.59.  It is at the top of the channel and near my price target of $26.00.  So it may consolidate in here.  But if this momentum continues and it breaks through $26.00 then $35.00 is the target.

KMPH: Stock came down from $25.00 to $2.50 and has made a reverse head and shoulders.  On Friday it broke through the neck line at $5.25 and traded as high as $6.10 closing at $5.66.  This stock has a lot of momentum at the moment and I would look for $8.50 if it keeps going.  Short ratio, 5 days to cover.

NBEV: Last week it had a big pop and then pulled back for 2 days on low volume.  Thursday and Friday were big moves up with the stock trading as high as $4.24 before closing at $3.92.  It has major resistance at $4.50.  But through that level and we should see $5.50 and $7.00.  Short ratio, 3.3 days to cover.

VCEL:  Stock has been building a base for 3 or 4 years and just recently broke through the lateral resistance at $6.00.  On Friday it traded as high as $6.70 closing right at the top of its range.  After such a long base, any kind of good news and this stock could rocket as first resistance doesn't come in until about $20.00.  A stock I will watching closely for an entry opportunity.

XXII:  Stock is in a strong up trending channel trading as high as $4.07 on Friday and closing at $3.86.  I will be looking for an entry opportunity for this trade with $4.50 and $5.50 as price targets.