In addition to some long stocks, we’re going to go over some ETFs, particularly some of the oil stocks as well as some of the silver ultra-shorts that are looking very intriguing here. ProShares UltraShort Oil & Gas (DUG) has had a long downtrend that may have been arrested. After a double-bottoming around 25 1/2, the mid-April high is taken out. That’s the first time a high was taken out going all the way back about a year. The spike up last week got up to about 30 1/2, and the spike up on Wednesday got up to 30.27. It came in a little bit short and backed off to close at 29.90. It was still up 1.61, or 5.7%, on nearly 2 million shares. We’ll see if we get a follow-through. The initial target is the 31.90 – 32.00 zone. Macy's, Inc. (M) had a big day on Wednesday. The long-term pattern on this stock shows that multi-year resistance existed over four years. That was taken out with a thrust, price-volume surge, and gap on Wednesday, closing up 2.04, or nearly 8%, on 3.27 million shares. That’s the biggest volume in a very long time. More importantly, the breakaway gap is signaling perhaps a new rising trend on the way. The next test would be something up in the low to mid 30s. Rovi Corporation (ROVI) had a big move on Wednesday and was the biggest gainer on our board, up 8.80, or 18%, on 12.4 million shares. More importantly, it opened above the February-March highs where resistance was at, stayed above it, and closed above it. Perhaps the key support zone now is around 58 – 58 1/2, and if it gets over 60 1/2, it could move into the mid-60s pretty quickly. ProShares UltraShort Silver (ZSL) made a monster move from 12.83 up to 24.49 in a 5-day period. It’s followed this week by a pullback that held the 20-day moving average, which has now flattened out. The volume has also pulled back. Wednesday it popped, the volume expanded to 37.6 million, up 2.95, or 15.7%. Possibly we may see a fairly big move in ZSL that takes it somewhere up around the 30 level or better. That’s the intermediate target. Look for something short-term around 27 1/2. Other stocks in our Charts for the Day are Direxion Daily Financial Bear 3X Shares (FAZ), Giant Interactive Group, Inc. (GA), Genetic Technologies Ltd. (GENE), Global Crossing Ltd. (GLBC), Coffee Holding Co.Inc. (JVA), Level 3 Communications Inc. (LVLT), Oxigene Inc. (OXGN), Procera Networks, Inc. (PKT), Quantum Fuel Systems Technologies Worldwide Inc. (QTWW), Top Image Systems Ltd. (TISA), TowerStream Corporation (TWER), Unilife Corporation (UNIS).