The stock market indices started off the week with an interesting day today. The day started out with a big gap to the downside, but within minutes reversed and rallied back sharply. They then pulled back to retest, rallied back up to test the highs again, but couldn’t get through, and then formed large wedges. They didn’t roll over, but rather broke through and went up to secondary resistance. They backed and filled for most of the afternoon, and came on in the last few minutes to close not far off the highs, but still down on the day. Net on the day, the Dow was down just 17.03 at 12,845.20, but that was about .52 off the low. The S&P 500 closed at 1344.33, up .57, and within pennies of the highs and 7 points off the low. Nasdaq 100 closed right at the highs for the day, down .87 at 2528.30, and 15 points off its low. So, all the indices rallied back. Technicals, however, were not able to get into the plus column, but they did come back to near flat. Advance-declines were 17 to 12 negative on the New York Stock Exchange, and 3 to 2 positive on Nasdaq. Up/down volume was nearly flat on New York, with total volume of 678 million shares traded today. Nasdaq traded about 1.64 billion shares and had an 8 to 7 negative volume ratio. TheTechTrader.com board, as a result, was mixed, but mostly higher. Shippers were very strong today, and leading the way percentage-wise was Excel Maritime Carriers, Ltd. (EXM), up 40 cents to 1.94, or 25%, on 3.9 million shares. Another shipper, DryShips Inc. (DRYS), was up 40 cents to 2.81, or 16.6%. Genco Shipping & Trading Ltd. (GNK), one of our favorites, advanced 94 cents to 8.33, or 12.7%, on 1.3 million, while Eagle Bulk Shipping Inc. (EGLE) rose 15 cents to 1.51, or 12 1/2%. Low-priced DHT Holdings, Inc. (DHT) was up 11 cents to 1.21, or 10%, on 4.2 million shares. In addition, low-priced Galena Biopharma, Inc. (GALE) was up 22 cents to 1.25, or 21%; Dendreon Corp. (DNDN) up 2.36 to 16.53, or 16.7%; Orexigen Therapeutics, Inc. (OREX) 45 cents to 3.21, or 16.3%; Complete Genomics, Inc. (GNOM) 49 cents to 3.50, or 16%; and Threshold Pharmaceuticals, Inc. (THLD), which exploded in the morning, up 39 cents to 3.38, or 13%, on nearly 20 million shares today. Other stocks of note included BroadVision, Inc. (BVSN), which we traded today, up a whopping 5.31 to 39.45, or 15%. Smith Micro Software, Inc. (SMSI) gained 29 cents to 2.19, or 15%, while Zoltek Companies Inc. (ZOLT), a swing trade of ours, was up 1.47 to 14.58, or 11.2%. KV Pharmaceutical Co. (KV-A), also a swing trade, rose 31 cents to 2.97, with Fusion-io Inc. (FIO) up 2.44 to 24.72, and Netlist Inc. (NLST) 33 cents to 3.76. Also, HCA Inc. (HCA), which we traded today, jumped 1.94 to 28.40. Energy XXI (EXXI) gained 2.48 to 37.73. Cobalt International Energy, Inc. (CIE) made a new all-time high today, up 1.35 to 22.19. Riverbed Technology, Inc. (RVBD) rose 1.63 to 27.55, AeroVironment, Inc. (AVAV) 1.54 to 30.30, Jazz Pharmaceuticals, Inc. (JAZZ) 2.36 to 50.37, setting a new all-time high earlier in the day, and Astronics Corporation (ATRO), on of our Top 20 of the year, was up 1.66 to 35.07. In addition, SodaStream International Ltd. (SODA) jumped 1.86 to 42.31, and Pharmaceuticals, Inc. (REGN), closed over 100 today, up 4.28 to 101.14. That’s nearly double in the last several months. VirnetX Holding Corp (VHC) advanced 1.05 to 25.65, Green Mountain Coffee Roasters Inc. (GMCR) 2.81 to 69.01, and Vertex Pharmaceuticals Incorporated (VRTX) 1.47 to 38.24. Apple Inc. (AAPL) had another new all-time high today, up 4.29 to 463.97, reaching as high as 464.98 today. Netflix, Inc. (NFLX) was up 2.82 to 129.25. On the downside, Molycorp, Inc. (MCP) continued to be weak, down 1.97 to 27.80. Silicon Motion Technology Corp. (SIMO) gave back 1.70 to 21.50, and SolarWinds, Inc. (SWI) was down 1.39 to 33.27. Those were disappointing today. Stepping back and reviewing the hourly chart patterns, the indices, even with a big gap down at the opening, especially on the NDX, rallied back in a 5-wave, stair-step fashion until midday, and then consolidated the rest of the day before a late flurry brought them to near even on the indices and way off the lows for the day. Actually, it wasn’t a bad consolidation day on the indices considering the opening. Good Trading! Harry