Afternoon Update - SPX,FRK,NAT,& CKCM

The S&P 500 Large Cap Index (SPX) - Weekly chart
There are tons of possible patterns on the weekly SPX chart. However, at this time there is no follow through and the market remains flat. What we need is follow through either to the upside or down side. As you can see by looking at the chart, The SPX has held it's long term uptrend line and the moving averages are holding up nicely s well. The indicators and oscillators are in a bullish trend reversal. The target remains 1304-1334. Despite the stagnation of the SPX our stocks are moving higher.

Florida Rock Industries Inc. (FRK)- Daily Chart
On the daily chart you can see that FRK is forming a possible ascending triangle pattern. FRK is also a failed topping pattern. A very large one at that. Currently it is at resistance at $55.00 support is at $49.00. Once it breaks above $55.00 we should start to see some momentum. The next resistance level is at $56.00. Furthermore, you can see that volume comes in at the lows to support the stock. Indicators and oscillators are bullish. This stock is working.

Nordic American Tanker Shipping Ltd. - (NAT) - Daily Chart
As you can see by looking at the daily chart, NAT has broken out of that falling wedge in the last few trading days. NAT is up 2.95% at $33.45 and making new swings highs. Even though the SPX isn't going anywhere our stocks are working. Indicators and oscillators are moving up along with price.

Click Commerce, Inc (CKCM)- Weekly Chart
The weekly chart of CKCM illustrates that it is in a large symmetrical triangle pattern. Last week CKCM made new 52 week highs at $30.20. Consequently, it needs to take out that level to move higher. CKCM looks poised to go higher. Indicators and oscillators are bullish. The PPO is really starting to look bullish and is turning up and volume is expanding.