A larger correction could have started here.  Was just checking Bullish percent charts on Stock charts and noticed that all three inexes $spx, $compq, $nya have now crossed there 10ema and are in process of back testing it from the underside if the test fails we could get a nice flush down.  next week could be key as we have some critical news events one being the European sanctions and second being Argentinian default If they are worse then expected it could give mark reason to sell off considering the fact that we are out of peak of the earnings news cycle.

EXEL is now testing a top of a larger bottoming formation  volume is coming in in a big way.  I think pullback should be bough and a break above here will give me target of 6.00. 

ACRX is close to first profit target of 11.50.

Buying some ACRX on a recent higher low a pop and a tight flag formation.  got in at 10.01

I will most likely enter in a position in TNA based on 15 min chart for quick trade at close as RSI 2 on daily is below 5 and RUT is at least 2% below 9EMA. Watcing RSI2 and candle on RUT for entry. Believe it or not there is still a chance for positive divergence on RSI2.

VIX if it close above where it is now.  It would have now completed a higher low higher high Pattern.  This increase a chance of 20 SDV of 20 EMA which would push it to about 14.50-15 level.  Best way to play this is buy XIV when the target is reached.

FNMA and FMCC my first targets are 4.80 and 4.60 if they can break above that I am getting next targets in high 5's low 6's.

FNMA and FMCC are on the move after a pullback.

Watching DCIX for entry

BLDP is poping again after holding 50 DMA. May be ready for another move higher.

Also note that VIX is popping out above the recent wedge formation and will close above it if it closes at 12.50 or higher.  Which gives me first target of about 14.50 to 15 which is 20 SDV move above 20EMA

The start of the current wave this morning is quiet impulsive what are your thoughts on this being one and two of three with three of three to start later today or tomorrow.

VIX has managed to move above its 20 day ema for second time in two weeks after staying below it for about two months long time for VIX.  Examining such cases from the past it is likely that we will get 2 stdv move higher in Vix from its 20 ema if it closes above it today.  that put the target at 14 still low but a large move from where it is now.  I will be looking to get back in to XIV if this happens for a trade that on avg yields about 10%

If you are not in it at a lower price then I think this has lot of Risk.  I think there might be a little more run up (10 to 20%) in to july 15 but not of significant magnitude unless the company announces partnership prior to that date.  In my opinion  I would not buy here and hold it into news without a hedge.

Picked up SPWR one today was looking at it a while back but at the time bought FSLR instead.  This is one of my favorite sectors for this year.  Also bought some JASO and TSL.  There is going to be two tired system in solar for some time China and non China non china i.e. FSLR and SPWR have the biggest support from Europe and US.  JASO and TSL have good hold in China as they ramp up solar there but are generally lower margin.  Also like CSIQ as it has potential for both US and China.

Putting Japan on Watch list EWJ.  Any pullback and consolidation and breakout from it will provide a great entry point.  If this bull has any legs left Next target on EWJ could be much higher.  We may be on the cusp of a massive wave 3 or C similar to wave 1or A which was 4 point or 50% up move.  Lets see if it pans out. 

Still in NVAX and looking for it to clear 5- 5.20 level with target of over 6.00.  getting close to a break out.

Then stopped my out of my XIV position this AM am now its moving up again.  Strange this is that VIX is also up today.  Not sure if I want to get back in as i think XIV can get to 50 before long.