Hard to call what the indices have given us. But, it looks, to me, like a 5 wave decline and now consolidation. NDX did double top and pulled back. But, it is not giving direction one way or the other.
AAXN: From my watch list last night with day trade targets of $36.00 had a nice follow through, trading as high as $39.74 and closing at $37.69. If it trades though today's highs I would expect this stock to trade to mid range around $45. But the top of the channel comes in at $55.00. Short ratio, 28.8 days to cover so the squeeze may be on.
BITA: Stock I had wrote about when it broke $37 and traded down to $25.00 It bounced to $33.00 and now has rolled over again. Look to short below $27.40 with targets of $25.00 and $23.00.
MNST: Big drop today from $63.50 to $54.00 closing at $54.22. I would look to short below $54.00 with $51.00 as the target.
OSTK: The stock is at the down trend line and broke lower at $58.00. If it bounces back I would look to short at that level. In the alternative, look to go short below $53.40 with price targets of $48.50 and $44.00.
SOHU: Stock has come down hard from $70.00. Formed a bear wedge and dropped again to $32.00. From there it made a weak bounce. Look to short under $32.00 with $25.00 as the price target.
UCTT: Chart reminds me of AAOI. It is now bear wedging. Look to short below $19.00 with $16 and $13 as price targets.