Another big day on Wall street today with markets very strong.  It looks like the Biotechs are leading the way (as shown by LABU the biotech ETF.  It is trading very strong.  Also the big markets took out key resistance areas and as I have been calling since February, markets are headed higher in a new bull market.

CPXX: I continue to watch CPXX as it has a very strong chart.  If this stock can trade through the $18.18 level it will trade quickly into the low $20 range.  I will be watching closely for the break out.

EXEL: Stock has been very strong lately trading up to a resistance level today at $6.40 closing at $6.23. It may need to consolidate in this area before moving higher but if it can break resistance at $6.40 and $6.75 then it could easily move to the $10.00 range.  9.3 days for shorts to cover.  

LGCY: Stock has been forming a wedge and it looks like it broke out to the upside to day from there.  If this stock can trade above $2.95 then I think the trend will continue upwards.  $4.00 is my first target.

NMBL: Stock gapped up today and broke above solid resistance at $8.58 trading as high as $9.33 and then closing back at the (now) support level. If the support holds then I think we can test the resistance level at $10 and $11.50. Shorts, 8 days to cover.

PEIX: Stock has come down from $26 over the last year bottoming around $2.50.  Formed a V reversal from there and has been consolidating the last few months.  Today it raded up strongly to key resistance and closed just above it.  It was very strong into the close and I went long at the end of the day at $6.00 to hold over night.  I will look to add to my position in the morning if it holds the $6 level.  $8.00 is my next target.  Shorts, 7 days to cover.

VUZI: I continue to watch VUZI.  It pulled back today to support and then moved higher closing at $5.87.  My first target on this stock is $6.25 and then $6.90.  14 days for shorts to cover.