SMH Semi-Conductor HOLDR (31.59) Breaking from a strong base semi's provide positive upside targets to 35, then 42

Buy: Goldman (GS 110) Deeply oversold with strong buy divergences warrant upside to $140 price target

Buy: Chevron CHV (92.56) Sinking down to prior 2010 summer support levels

Severely oversold, with many indicators off the charts, historical anomalies are being made in most indices and stock charts while investor sentiment has reached severe bearish levels. These are ripe conditions for scaling slowly back into equities/ETF's as bearish news stops pushing markets lower. The chart above of Chevron is a classic climax sell off of today's typical looking stock chart. Go back in history '62,'82, '87, 92, ' and see the recoveries that ensued 1, 3 to 5 yrs later. Stock market history repeats itself.

Buy: Ford F (15.12)

Short: Las Vegas Sands LVS (44.56) Topping formations argue downside breakthrough imminent to much lower price levels

Buy: TBT (39.36) Ultra Short +20 Treasury Bond : 10 yr Bonds continue to plummet as economic pressures drives rates higher

Buy: DB Double Short GOLD DZZ (8.56) Base building mirrors top formation imminent in Gold futures

Look for $12.23 upside price target as sentiment on the metal decidedly turns bearish

Buy : ZSL (11.35) Proshares Ultra Short SILVER: Metals charts have begun a topping process while bearish sentiment has begun to emerge

Look for a initial price target of 19.50 as sentiment shifts away from the metal complex.

Short : Deckers Outdoor (DECK 81.91) Look for a top in this momentum flyer

Short: NFLX (Netflix 118.98) Coming off an extended high with bearish divergences argues a $104 initial price target