Afternoon Update - COMPQ, BBH, AAPL, ANTP, LSS, PRU, TALX, & VPRT

NASDAQ Intraday update (COMPQ)- Daily
On the daily chart you can see that the COMPQ attempted a break out of the symmetrical triangle pattern to the upside. Today the COMPQ is having an inside day. Expect volatility to pick up as the COMPQ tries to clear the down trend line. The indicators and oscillators are still bearish but showing signs of strength. However, chips are showing some strength.

The Biotech Holders ETF (BBH)- Daily chart
On the daily chart of the BBH you can see that it is trading in a counter trend channel. The BBH has been a lagging ETF due the weakness in AMGN and DNA. It is the only biotech index that it is lagging. Once the BBH takes out the downtrend line, our Bio-pharma stocks will move higher. Our portfolio is currently over weighted in the Bio-pharma sector. The Aroon remains in a bearish trend reversal, but the other indicators and oscillators are showing strength.

Apple Computer, Inc. (AAPL) - Daily Chart
The daily chart of AAPL shows that it has just completed a wave 3 to 4 pullback. Furthermore, AAPL has also completed a back test to the uptrend line in the form of a bull flag. AAPL is still in the buy zone. All the indicators and oscillators, except for the AROON, are bullish. I believe AAPL will rally to the $80.00 area.

Phazar Corp. (ANTP)- - Daily Chart
The daily chart of ANTP illustrates that it is in a falling wedge reversal. As you can see from the chart, ANTP has broken out of the wedge to the upside. The Aroon is still in a bearish cross, but the PPO and stochastics are reversing to the upside.

Lone Star Tech, Inc. (LSS)- Daily Chart
The daily chart illustrates that it is in a large ascending triangle pattern. Within that pattern you can also see a cup and handle pattern. LSS has recently hit the up trend line at $48.18. It is oversold and has been consolidating. LSS has held its lows and is headed higher. Indicators and oscillators are still bearish, but look to be forming their lows. This is a volatile stock.

Prudential Financial Inc. (PRU) - Daily chart
The daily chart shows that PRU is in a large ascending triangle pattern. PRU has been consolidating in a slim jim pattern at the top of the triangle in the range of $73.00 -- $75.00. Indicators and oscillators are now bullish. Today PRU is up 0.65% at $77.05. I like the strength in the bank and brokerage sector.

Talx Corp. (TALX) - Daily chart
The daily chart of TALX illustrates that it is in an ascending triangle pattern. It has recently finished a wave 3 to 4 correction when it place the lows at $27.82. Indicators and oscillators are entering a bullish trend reversal. This is another stock with all time high short interest. I am going to add it to the portfolio table at the pivot price of $32.81. TALX is a buy here.

VistaPrint Ltd. (VPRT) - Daily chart
VPRT is another bullish chart It trades a little bit thinner than I would like. I wouldn't block trade it. I originally suggested VPRT as a day trade. However, it has now broken out of a bull flag and continues to move higher. The indicators are turning around and it looks like it can go higher. I would recommend it to a retail trader. Your stop should be at the lows of the prior day. Today, VPRT is up 5.55% at $35.36.