Nightly Update-BKX,TRAN,BMET,GPRO, & RTH

The Bank Index -Philadelphia (BKX)-Daily Chart
As you can see from looking at the daily chart, the BKX is in an ascending triangle pattern. The BKX has just completed an ABC pull back and has reversed back to the upwards towards it's previous highs. Today the BKX is up 0.61% at 104.930. The BKX looks good. The indicators and oscillators are up and gaining momentum. Notice the Aroon indicator just had a bullish crossover.

Dow Jones Transportation Average (TRAN)- Daily Chart
The TRAN is currently starting to go parabolic up and is at new 52 week highs, it is at 4442.29. The TRAN is currently in an ascending triangle pattern. Indicators and oscillators are in a bullish trend and are making new highs along with price.

Biomet, Inc. (BMET)- Monthly Chart
The monthly chart of Biomet shows that, it too, is in a possible ascending triangle. As you can see BMET has held it's 12 year uptrend line and there has been 4 months of up trending prices. In addition, stochastics and the PPO seem to have bottomed and are starting to reverse upwards. This is a low risk entry point and it is a low risk stock. It may not move fast but that is OK. If it goes up to test resistance around 49.00 that is a good $12.00 gain from entry at $36.00. Furthermore, momentum will pick up the closer we to the $49.00 area. Longer term price target is $70.00, stop is at $32.50.

Gen-Probe Inc. (GPRO)- Monthly Chart
The Gen-Probe daily chart also shows that it is in an ascending triangle. It is a great stock currently stuck in a range, but that will change. On the monthly chart GPRO is in a long rectangle / slim jim. In addition, it held the uptrend line on the weekly. GPRO is looking bullish on all time frames. It is one of my favorite stocks. Again, indicators and oscillators are bullish. My target is in the $70.00 - $80.00 range once it breaks out above $53.00. There is also huge short interest in this stock which should propel it higher. GPRO will not get momentum until all the biotech's start to make 52 week highs together.

Retail Holders ETF (RTH)- Weekly Chart
The weekly chart shows that the RTH is in a symmetrical triangle pattern. This week the RTH broke out of the triangle and has a nice gain for the week so far. This week the RTH is up 3.66% at 98.25. Again, indicators and oscillators are bullish and this ETF is poised to go higher.