Sponsored by the Dr. Stoxx Options Letter.

The markets are firmer today following the heaviest selling day in 5 months yesterday.  Whew!  Seems that the long overdue "major correction" can has been kicked down the road yet again.  So with at least a modest wind at our backs, let's see what's shaking on the old "strong momentum growth stocks" watch list:

1. Bristol Myers Squibb (BMY):

Shares of this megacap drug maker are coiling up in a nice looking bull flag following its breakout to new alltime highs.  Next leg higher should take price to $70.

2. Cypress Semiconductor (CY):

Apple's new MacBook only functions with a Cypress connector so it should be a huge profit driver for shares.  The stock has had a hard time getting past 15.65/70 area but once past that it should short to the low-20's.  Nicely coiled up here:

3. Second Sight Medical Products (EYES)

This is a recent IPO so more speculative, but recent good news about its implantable eye prosthetics -- helping the blind to see -- set the stock on fire.  It has pullbed back to its IPO breakout pivot, so a nice entry is available here: