One of the few ETFs to close up on the day, Global X Greece ETF ($GREK), closed near the highs of a two month long base. The tight base has formed at 52-week highs, so after failing to breakout above prior highs in February and May of last year, $GREK looks poised to run to new highs soon.

On the stock side we have one new setup for today, which is an add in SolarCity Corporation ($SCTY) over Tuesday’s reversal candle off the 10-day MA. Because we are entering off a reversal bar at support of the 10-day MA, it is a GONG setup (go or no go).

On the stock side we have one new setup in $TSLA, which is A rated. After rallying off the 200-day MA in December, $TSLA has held support from the rising 20-day EMA, and is now back above the 50-day MA. We are looking for a slight pullback to enter on weakness.

We are already long $SCTY, but would like to add to the position on a pullback (weakness) to moving average support around the $53 – $54 area. Here’s how it looks now…

A few smaller stocks are looking pretty good. $USAK, $OME, and $LXFT are offering potential buy points above this week’s high. These setups are not official. Also, keep in mind these stocks are not very liquid, so please be sure share size is in line.

There is no commentary, but we have updated the watchlists and added on new setup on the stock side in $AL. We are also monitoring $YELP, $YNDX, $UA, $ALGN and $BLMN for potential pullback entries.

Leading stocks continue to act well. Some are breaking out to new highs like $FB, while others are trying to hold on to key support levels, such as $SLCA. Yesterday, PowerShares Golden Dragon China ($PGJ) triggered a buy entry for us when it cleared the downtrend line on the daily chart below.

Last Friday, we established a buy entry in Guggenheim Shipping ETF ($SEA) on breakout above the two-day high. We really liked the bullish consolidation that formed around the 50-day MA, especially when the price action tightened in December.

First Trust ISE Revere Natural Gas ($FCG) has been in base mode since the last rally stalled in late October at $20.50. After breaking down below the 50d-day MA in early December, $FCG made a run at the prior swing low from November 7 on Wednesday.

iShares Hong Kong ETF ($EWH) also put in a bullish reversal candle yesterday. After undercutting the low of December 11, $EWH then reversed back up to close above the 50-day MA. Volume was strong as well, coming in at 50% above the 50-day moving average of volume.