S&P is up 139 points in 1 week (up 5 of 6 days) and is in an up trending channel that could be the start of wave 3 of a 5 wave pattern.  The pattern that has developed so far is a V bottom with a right hand extension (bullish).  It will run into minor resistance at 2815 and the top of the channel at 2840.  The all time high is around 2870.  The secular bull market is still in tact and has many years left to run as the long term channel since 2009 comes in at around 3100.

NDX traded through its double top and made a new all time high over 7100.  It is up nearly 1000 points from the spike low last month.  It also is in wave 3 of a 5 wave rising pattern and mid channel of the up trending channel.  It could run into resistance at 7200 as a longer term channel line comes in.  

Dow Transportation spiked 2.6% on Friday but is near resistance.  It is not confirming the other moves yet and is important for those that follow Dow Theory.  It is near resistance at 10800 and had bounced off a double bottom.  Jury is still out on this chart.

Russell 2000 (IWM) is a very strong chart.  It is just shy of the all time high at around 161 and appears to be in wave 3 of a 5 wave move that could take it to 164.  The top of the long term channel comes in around 200.  

Biotechs (LABU) have now been up 6 days in a row and has broken out through lateral resistance at $99 closing at $107.30.  The recent high is $116 and it looks like it is headed to that level.

Financials (FAS) V bottom with right hand extension as well.  It broke through lateral resistance on Friday.  It is only off $2.00 from the all time high.  Chart looks good.  

APPL, (target $193), AMZN (target $1700), GOOG (target $1,215), and NFLX (target $370), all at or over all time highs.  No wonder the indices are so strong.

Gold seems to be locked into a tight trading range.  No trades there for me yet.

AQ: Fairly recent IPO that has popped up, formed a wedge and now broken out.  It traded to $17.90 on Friday closing at $17.33.  Over $18.00 and my price target is $19.00.  

ARRY: Stock chart pattern but the stock is right at the top of the mid channel line trading as high as $18.78 on Friday closing at $18.05.  It needs to break through lateral resistance here with $25.00 as the near term target.  Short ratio, 4.6 days to cover.

BZUN:  Stock broke out of a consolidation range last week and looks to be starting wave 5 of a 5 wave pattern.  This move could take it to the top of the channel at $60.00.  But I would be looking for $55.00 to start with.  

CBAY: The stock continues to consolidate in here building a new basing pattern.  It needs to break out above $15.75 with $20.00 and $25.00 as targets.  

CMTL: Huge pop on Thursday with follow through on Friday.  It is at the top of the channel but if the momentum continues then $38.00 would be the target.  Short ratio 4.1 days to cover.

DRNA: Stock has broken out above lateral resistance trading as high as $15.00 and closing right on support at $14.12.  Next resistance comes in at $18.00 and the top of the channel is $20.00.

ETSY: Strong momentum in this stock having broken out above the top channel line trading as high as $28.01 closing at $27.93.  Over $28.00 and $31.00 and $35.00 are targets.  Short ratio 3.5 days to cover.

FAHN: Super strong chart that just keeps channeling up.  It is at lateral resistance here $34.00.  But above that and $40.00 (top of the channel) is my target.

HTGM: Good looking chart as the stock pops and then wedges and pops.  It recently popped out of the wedge and is at lateral resistance around $5.75.  If it can break through this area with volume, I am looking for $7.75 and $8.50 as targets.  Short ratio 3.8 days to cover.

KURA: Stock is flagging at the top of the channel and needs to break through $24.00. But if it can then $26.00 and $30.00 are targets.

MIME: Stock is accelerating out of a channel formation trading as high as $39.33 closing at $38.67 on Friday.Over $40.00 and this stock has a lot of room to move.  Price targets, $45, $55 and $65.00

MRTX: Stock broke through lateral resistance on Friday and traded up to $35.00 closing at $34.60.  Over $35 and it runs into the top of the channel at $38.00.  Through there and $40 and $45 are the targets.

QNST: Stock is in a rising bull flag and on Friday it broke through lateral resistance at $14.00 closing at $14.12.  If it can break out of the flag to the upside then $17.00 is the price target.

UPLD: Stock on my swing chart list that broke out of a basing pattern last week and met my first target.  It needs to get through $31.00 with $35 as the price target.