Portfolio Stocks Update

This is just an FYI update of some current portfolio stocks. CEPH is likely the only "I wonder what will happen stock, as it was halted all day yesterday after having a massive reversal to the upside. Not sure what will happen until we see today's trading day, but above $61.00 the pattern is still in tact and I would be a buyer if that was to hold. The $CAC is currently at NEW 52 week highs along with the $DAX and the $FTSE is also starting to ramp up. World market continue to be on fire.

S&P 500 Futures (ES)
Futures are currently backtesting the breakout on the RST trendline and holding.

Gen-Probe, Inc. (GPRO)
GPRO on the daily chart has broken out of its ascending triangle. Today it is backtesting the upper trend line at $53.00 and is forming a bull flag. I do have a lofty price target on GPRO. It is also a stock scan pick. If you look at the indicators you can see that the indicators are making higher highs along with price. That is bullish. Therefore, GPRO remains poised for higher prices ahead.

Garmin Ltd. (GRMN)
The daily chart of GRMN illustrates that has it broken out of it's ascending triangle. Today GRMN is bull flagging and is backtesting it's 13 EMA line at $78.00. The RSI is strong and trending @ 71. All indicators are bullish and the stochastics are bull flagging.

NovAtel, Inc. (NGPS)
The daily chart shows NGPS breaking out of it's bottoming symmetrical triangle. Entry for the portfolio table was triggered at $30.00. On the daily chart you can see that it has just had a bullish Aroon cross, the Williams % is bullish, and the PPO is also turning upwards. Resistance continues to be @ $37.00. With volume picking up it appears that a Breakout could occur any day now.

Papa Johns International Inc., (PZZA)
The daily chart of PZZA illustrates that it is in the process of forming an ascending triangle. In the beginning of March, PZZA hit it's lows at $29.42. It then continued to stall and hold the uptrend line for eight days and then it just kept going up. PZZA appears to be breaking out of its recent down trend channel today around $32.50. However, the real breakout will not occur until it takes out resistance above it's old high at $35.74. This will confirm the pattern breakout of it's ascending triangle.

SanDisk Corp. (SNDK)
The daily chart shows that SNDK has been in a wave 3 to 4 correction since the beginning of this year. Now, however, it looks as if the correction lows are being put in. So far it has held it's 200 day moving average nicely @ 52.15. Today it appears that SNDK is trying to breakout of it's down trend channel and take out $55. The Aroon, Williams%. and PPO are still bearish, but the RSI and Stochastics have bottomed are beginning to reverse upwards.