NDX rallied to new all time highs then dropped 165 points closing down near 1% on the day.  SPY dropped 44 points from the high to close down .64% on the day.  Kind of a nasty finish to the day.  But it doesn't look like a top.  The NDX pulled back to old resistance (now support) in what looks to be wave 4 of a 5 wave pattern. SPY should find support at 2750 area.  We'll see if they hold support and start the 5th wave of a 5 wave pattern.  

Long:

ADVM: I put a swing trade on ADVM today at $6.85.  After a long period of consolidation the stock is in a bull wedge pattern.  It needs to get up through $8.00 and $8.80.  Price targets of $11.00 and $13.00.

ECYT: Another big day for ECYT trading up to $11.54 before pulling back to $10.82.  It is at the top of a rising channel but there is a lot of momentum in the stock.  If the momentum continues I am looking for a target of $18.00

IMGN: Another stock I put a swing trade on today.  It broke out above resistance trading up to $12.15 today closing at $11.90.  Price target is $14.00 and $17.00.

MNOV: After breaking out above a triple top last week the stock has been up 6 days in a row.  It traded as high as $14.50 today, closing at $13.91.  It is mid channel and has room to move.  Price target $17.00.  Big short position with 38.6 days to cover.

PTI: Stock gapped up on huge volume today trading as high as $7.39 before closing at $6.38 on FDA approval of drugs.  When a stock gaps like this seldom is it down.  It may consolidate for a day or two but if the momentum continues then $10.00 is the price target.  Short ratio, 4.8 days to cover.

RCM: Nice move today from my watch list last night.  Stock traded up to $7.68 closing at $7.48.  It looks to have some momentum being up 3 days in a row now.  $9.00 is the price target.  Short ratio, 21.5 days to cover so could add momentum to the trade.

ZSAN: After popping to $25.00 the stock pulled back for 2 days.  Today was an engulfing bar day trading as high as $18.43 and closing at $16.70.  If it trades back up through $18.00 I would put a price target on it at $25.00.

Short:

EPC: After a massive top the stock rolled over and now looks to be in wave 4 of a 5 wave down pattern.  It is forming a bear wedge in here and is at the trend line.  A break below $50.50 and we could see $48.00 and then $45.00.  Short ratio, 14.4 days to cover.

NTRI: After getting hammered the stock now is forming a bear flag.  Look to short on the break down of the flag or below $30.00 Price target $24.00.  Short ratio 11.4 days to cover.

OSTK: Stock broke the up trend line when it rolled over and dropped to the $50 range.  It then ran back up resistance and failed.  Below $50.00 and I think it is going to $40.00.  

PLAY: Stock is in a bear wedge pattern and keeps testing the support level.  Eventually that is going to break.  Look to go short below $44.00 with price target of $38.00  Short ratio, 3.3 days to cover.

SIG: Very weak pattern and looks to go lower.  It broke down out of a bear wedge and is now at support of $48.00.  Below that and my target is $40.00