ELON closed on Friday at the same 14-year low weekly close seen in April at 2.11, suggesting that buying interest is not being seen. The stock closed on the lows of the week and further downside is likely to be seen. Intra-week support is found between 2.06 and 2.10 but the probabilities favor the support breaking (due to multiple lows in that area) and a drop down to the all-time low at 1.94 being seen. By the same token, the stock has been down to the 2.06-2.10 area 3 times in the last 9 months and has always found buying interest there, so the drop down to 1.94 is certainly not a high probability. A rally above 2.34 would relieve some of the selling pressure and a rally and close above 2.64 would be considered a decent positive.

SIRI negated the previous week's failure to follow through signal by closing on Friday above the previous high weekly close at 3.23, broken the previous week. The stock did close near the highs of the week and further upside is expected to be seen with 3.58 as the upside objective. By the same token, the stock did close near the lows of the day on Friday and the first course of action for the week is likely to be to the downside with 3.21 as the objective. Support is found at the week's low at 3.04 that if broken would bring back selling interest. A break above the week's high at 3.47 would be considered a decent to strong positive and would likely cause the uptrend to resume.

XOM generated a positive reversal signal having made a new 9-week low but then closing in the green and near the highs of the week, suggesting further upside with 91.80 as the objective. By the same token, the bulls failed to close a bearish gap between 91.00 and 90.75 on Friday that could push the stock down first to the 89.00 level where intra-week support is found. The bears have had their opportunity to establish the downside over the past 9 weeks but so far have failed. Resistance is found at 92.27 and support will be decent at 88.02 if the stock is able to go above last week's high at 90.75 this coming week. Probabilities are once again shifting back to the bulls and therefore the stop loss will now be lowered to 92.37. By the same token, consideration should be given to taking profits should the stock get down to the 89.00 level this coming week.

HRB had a negative week in spite of the strength seen in the indexes and did close at a double low weekly close support level at 27.75/27.82 which now should be broken as a multiple low area now exists on the weekly closing chart. The stock did close in the lower half of the week's trading range and further downside should be seen with 26.58 as the objective. Intra-week support on the daily chart is found at 27.24 that if broken would likely generate the drop down to 26.58. A break below 26.58 would likely cause the gap down at 25.59 to be closed and would strongly weaken the chart as the support at 25.00 is minor in nature. A drop down to the 200-day MA, currently at 23.15, would likely occur if the 26.58 level is broken. Resistance is now at 28.58 and again at 29.56 and if the latter is broken, the probabilities would increase of further upside. The multiple year high at 30.19 has now been tested successfully on 3 occasions, suggesting that the probabilities favor the downside at this time.

KGC generated an important reversal this past week having made a new 11-year intra-week low at 4.53, below the previous one seen in Jul05 at 4.61, but then generating a green close above last week's close at 5.03, strongly suggesting that the low for the move has been seen. The $5 level has been major support throughout the past 11 years and though the stock broke down intra-week, the weekly close shows the support at that level remains strong. The stock did spike up on Friday and closed on the highs of the day/week suggesting further upside is likely to be seen this coming week. Resistance is found at the runaway gap area between 5.27 and 5.50 but if the gap is closed, the breakaway gap between 6.11 and 6.15 will likely be targeted. Support should be found at 4.97 and at 4.86 which is where the 50 60-minute MA is currently located, as well as decent intra-day support at 4.80. Probabilities favor the upside but the stock could trade this coming week between 4.86 and 5.27 before further upside is seen.

VHC got down to the 200-week MA, currently at 18.80, with a drop down to 18.62 and a rally back up to close in the middle of the week's trading range. A rally this coming week above last week's high at 21.50 would mean a successful retest of the line, which in turn would likely bring in a new rash of buying, perhaps even aggressive buying. The stock did generate a mini reversal on Friday, having made a new 3-day high and then closing in the red but the reversal is likely to only generate a small move down to 19.62, which in turn could become a successful retest of the 18.62 low if the support holds and the stock rallies thereafter. Resistance is found at 21.48 and at 22.34, which does include the 50-day MA, currently at 22.00. Nonetheless, any rally this coming week above 21.50 would suggest the downside is over and that would mean daily chart resistance levels would likely only be minor obstacles to the stock getting up to the 200-day MA, currently at 27.80, which could be seen within a period of 3-6 weeks. Any break below 18.62 would now be considered a decent negative. It is evident this coming week will be important as the mid-term downtrend has met the long-term uptrend and something "has to give". The probabilities do favor the bulls as the long-term uptrend is usually the winner in situations like this. A break above 21.50 or a close below 18.62 will be the deciding factor.

DD made a new 10-week weekly closing low on Friday, suggesting further downside is still to come. The stock did test the 50-day MA successfully on Thursday, currently at 54.30, having generated a red close on Friday and below Thursday's low. Support is found at 52.16 and 52.02 but those are both intra-week lows and based on the action and the recent negative earnings report it is likely the stock will head down to the $50 level unless the indexes manage to rally strongly this coming week. The intra-week downside objective has to be the 200-day MA, currently at 49.00, likely to be reached within a week or two. Nonetheless, taking profits should be considered if the downside objective is reached as the probabilities of the stock trading "around the $50 level for a few weeks is high. Stop loss orders should be lowered to 54.40 as a break of the 54.30 high would be considered a short-term positive of some consequence.

HUM generated a negative reversal having made a new 14-month high but then closing in the red and near the lows of the week. The negative reversal is additionally exacerbated by the fact that the bulls failed to close the gap at 86.20 that was generated 14 months ago and that has been a major resistance ever since. The bulls were able to get the stock up to 85.90 on Monday but the additional 30 points to close the gap were not generated the rest of the week in spite of the fact the indexes rallied strongly on Tuesday, Wednesday and Thursday. The inability of the bulls to close the gap does suggest that further upside will be totally dependent on outside factors and that the stock is now likely to make a bee-line to the support found around the $80 level. Minor but indicative support is found at 83.15. Below that level there is no support of consequence until the 50-day MA, currently at 79.40, is reached. Probabilities favor the downside.

RIG made a new 26-week intra-week and weekly closing low this past week suggesting further downside will be seen. By the same token, the stock was able to rally off of the lows to close in the upper half of the week's trading range, suggesting that last week's high at 48.47 could be broken this week. Resistance is minor to decent between 48.98 and 50.38 and it is unlikely that at this time those resistance levels will be broken. The stock did close on the lows of the day on Friday and further downside should be seen with 46.53 as the downside objective for the week. If that level holds up, taking profits can be considered with re-shorting of the stock considered again above 48.97. The stock continues to be in a long-term and short-term downtrend with 43.50 to 45.00 as the likely downside objective before stronger buying is seen. Nonetheless, based on the limited $45-$50 trading range, the stock should be traded in and out on rallies and dips.

JNJ did not follow through on the previous week's negative reversal and the bulls climbed aboard generating a $5 rally and in the process breaking and closing above the 50-day MA as well as above the most recent high at 86.50. Nonetheless, the stock generated a negative reversal on Thursday, having made a new 22-day high but then closing in the low. The reversal was confirmed on Friday with another red close as well as a close on the lows of the day suggesting the first course of action for the week will be to the downside. Intra-week support is found at 83.88, at 83.08, and at 82.65, but on a daily closing support is found at the 50-day MA, currently at 85.60. The rally this past week will be considered a successful retest of the all-time high weekly close at 88.09 if the stock closes in the red next Friday. The stock has been on a strong uptrend this year and a retest of the all-time high was needed if the stock is to correct any further. As such, the close next Friday is important. The chart suggests that there are 3 important daily close support levels at 84.23, at 83.68, and at 82.62 that will give important clues to the traders. A successful retest of the first support level would be considered bullish, a successful retest of the second support level would be supportive but suggesting a sideways phase and a successful retest of the third level would likely be considered slightly bearish for the mid-term. A close below 82.62 would be bearish, suggesting a drop down to the 200-day MA, currently at 76.40. A daily close above 86.99 would be short-term bullish and would suggest a rally up to the 88.09 all-time high daily close. Chart suggests the stock will trade between 83.50 and 87.00 this coming week.

AAPL tested the 200-week MA, currently at 387.00, with a drop down to 388.87 this past week. The stock bounced up from that low to close slightly below the mid-point of the trading range but $8 above the low, suggesting there is a decent possibility that the low for this move has been seen. If the stock goes above last week's high at 408.66 this coming week the retest of the MA line will be successful, as well as generating a successful retest of the 18-month low at 385.10. Such a successful retest would likely generate aggressive short-covering but also new buying. The stock did close in the upper half of the day's trading range on Friday, suggesting that further upside above Friday's high at 400.27 will be seen on Monday. Very minor intra-week resistance is found 407.79 but if broken the stock would find no intra-week resistance until the 50-day MA, currently at 433.00, is reached. On a daily closing basis though, minor resistance would be found at 420.05. Chart does suggest a decent to high probability that the stock has found its low and that the bulls may start having the edge. Nonetheless, the 408.66 level must be broken this week for all the positives to surface.

NFLX made a new 11-week weekly closing low breaking below a minor double weekly closing low at 213.45/213.99 that does suggest further downside will be seen this week with the $190 level as the objective. The red close on Friday, below last week's low, made last week's high at 235.88 into a needed successful retest of the all-time high at 248.85. The stock was downgraded this past week and given a $180 downside objective, also suggesting that further downside will be seen. Minor intra-week support is found at 204.02 and then nothing until 175.45 is reached. Psychological support is likely to be seen at the $200 level. Resistance is found at 218.45 that if broken would reduce the selling pressure.