Long:

CBAY: Large engulfing bar today when the stock bounced off the up trending bottoms channel line and traded to a nominal new high at $12.60 closing at $12.00.  Very strong move on a lousy day in the markets.  It has lateral resistance at $13.40.  But if it can break out through that level then there is open air above.  If it can get through the all time high then $16.00 would be the price target.  Then $20.00 is the top of the channel.

COLL popped out the bull flag that it was forming when it held support at $23.00.  It traded as high as $24.57 today closing at $24.23.  I would look for an entry opportunity in this area With $27.00 as the first target and then $30.00  Short ratio 22.4 days to cover so if the momentum continues shorts could get squeezed.

EXTR: Very powerful chart as the stock is in a strong up trending channel.  Today it gapped up through a double top trading as high as $15.37 and closing at $15.08. I would look to enter either at support of $14.50 or a break over today's high.  $17.50 and $22.00 are price targets.

IMMR: After gapping up strongly yesterday it closed at the bottom of its range.  Today it pulled back to support and then traded as high as $10.92 closing at $10.74.  It is unlikely that a stock this strong in a bad market stops here.  I would look to go long over $11.50 with $14.00 as the price target.  Short ratio, 12.4 days to cover.

UVXY: Bear ETF gapped up today breaking through the declining tops line as well as the 50 period moving average.  It did close at the bottom of its range today with the market rally at the close.  I would look to go long over $13.00 with $14.00 as the day trade target for tomorrow.

WATT: Nice winner today when I wrote today giving it a target of $19.50 and $20.00 and both targets were tagged.  The stock closed just off the high at $19.73.  I would look to go long over $20.00 with $22.00 as the first price target then $26.00.  Short ratio 5.4 days to cover.

Short: 

AAOI: A short I have been writing about for some time when I first talked about it in the $38.00 range.  It is right at the descending tops line and seems to have broken below the wedge formation.  I would look to go short below $32.00 with $26.00 as the price target.

AGX: Stock had a massive move up and then a year of distribution.  It broke hard in December and bounced forming a bear wedge.  Today it broke to the down side of that wedge.  I would look to go short below $44.00 with $41.50 and $35.00 as price targets.  Short ratio, 6.3 days to cover.

BITA: A stock I have been writing about waiting for it to roll over.  Today it looks like it broke down out of the bear flag it was forming trading as low as $33.90 before closing at $35.40.  I would look to go short below $33.00 with $27 and $22.50 as price targets.

NTRI: Again, a stock with massive distribution that has broken below the neck line.  I would look to short below $42.00 with $38.00 and $32.00 as price targets.  Short ratio, 11.4 days to cover.

PLAY:  After a big gap down, the stock as been forming a bear flag.  Today it broke to the down side of that flag trading as low as $46.18.  I wold look for a short entry opportunity with $43.30 and $39.00 as price targets.