AREX generated another green weekly close and got closer to the upside objective of $10 with a high this past week at 9.15. Some selling was seen as the stock got above the $9 level, having sold off $1.32 from the highs before finding new buying interest. Nonetheless, the bulls still managed to close the stock in the upper half of the week's trading range, suggesting further upside above 9.15 will be seen this week. The 200 10-minute MA, currently at 8.00 is now seen as decent intra-day support and 7.00 as intra-week support. Probabilities still favor the bulls.

ARNA had a mostly uneventful week but did generate a green weekly close as well as a close slightly above a minor weekly close resistance at 4.53. The stock did close near the highs of the week and further upside above last week's high at 4.61 is expected to be seen this week with 4.70-4.90 as the objective for the week. Nonetheless, the bulls are facing a tough task ahead as there is a mountain of resistance at the $5 demilitarized zone (4.70-5.30), with minor but likely short-term pivotal daily close resistance at 4.70, the 200-day MA, currently at 4.75, decent intra-week resistance at 4.90, the 50-week MA at 5.00 and likely the most important resistance being the 200-week MA, currently at 5.35. As such, the probabilities favor the bulls for some additional upside over the next couple of weeks but they will likely need to get some positive fundamental information to get above all the chart resistance mentioned, especially the 200-week MA that would be a strong determinant of whether the long-term trend has begun to turn up again. Pivotal support is now found at 4.13.

AXP received bad news (non-renewal of the exclusive Costco contract) and generated a second sell signal on the weekly closing chart when it closed below the first sell signal weekly close at 80.69. The stock closed on the lows of the week and further downside below last week's low at 77.72 is expected to be seen this week. There is no support below until very minor support is found at 73.47. Further and a bit stronger support is found between 71.47 and 72.08 that would likely generate a bounce back up to the 78.60/78.70 that is now going the be resistance. Downside objective of the recent downtrend is likely to become the 200-day MA, currently at 69.15, but that line is moving up and if a bounce does occur at the 73.47-71.47 level, the probabilities will favor the line getting up to somewhere around the $70 in a few weeks, suggesting that level will be the bottom of this downtrend.

ENG bulls were unable to generate a green weekly close this past week, having generated a red weekly close and making once again the 2.00 level (last week's close) into a pivotal resistance area. Nonetheless, the bears were not successful either in getting their agenda done, having been unable to get below the previous week's low (was an inside week) and closing above the 200-week MA, currently at 1.83, suggesting that at this time and until some news comes out that the stock will be trading sideways without direction. Minor to decent support is found at 1.72 and decent at 1.65.

FCEL generated another green weekly close (third in a row) but the bulls were unable to generate enough buying interest to get and close above the 50-day and 200-week MA's, both currently at 1.43, having gone up to 1.40 and then closing out the week at the midpoint of the trading range. The stock is still showing an open gap between 1.27 and 1.30 that is likely to be closed since there hasn't been any news to make the gap viable. Minor but possibly intra-day pivotal support is found at 1.27 (200 60-minute MA) and then nothing until 1.14-1.16. Probabilities slightly favor the bulls since the chart suggests a bottom to the downtrend may now be in place. Nonetheless, the 1.43-1.45 level needs to be broken in order for the bulls to gain a decisive, though short-term edge.

FSLR continued its recovery, having generated follow through to the upside, another green weekly close, and a close in the upper half of the week's trading range, suggesting further upside above last week's high at 50.30 will be seen. Nonetheless, the stock is nearing a level of resistance of consequence with the 200-week MA, currently at 51.05, the runaway gap between 50.80 and 50.25 that still has not been closed, and the 100-day MA, currently at 49.90. The key is the runaway gap up at 50.80 being closed because if that gap is closed the breakaway gap between 55.80 and 53.48 is likely to be closed and a close above the 200-week MA, would suggest the downtrend is over and a mid-term uptrend is in place. Intra-day support of some consequence is found between 47.00 and 47.64 and pivotal intra-week support is found at 45.94. Probabilities slightly favor the bulls.

KMX generated a new all-time high weekly close at 67.68, above the previous one seen the third week of December at 67.61. The stock closed on the highs of the week and further upside above last week's high at 67.73 is likely to be seen. Nonetheless, on an intra-week basis, the stock still has resistance at 68.70 that will need to be broken in order for the bulls to say they are in control. Probabilities favor the bulls making a new high with the $70 demilitarized as the objective. By the same token, like with the indexes, the stock could be seeing the last rally this year, if and when the indexes do find their tops for the year as stated up above. Minor support is found at 64.66, at 63.06, and 61.83, and pivotal and decent support at 60.83. This stock is likely to be tied in totally to what the index market does.

ORCL generated another green weekly close as well as a close near the highs of the week, suggesting further upside above last week's high at 44.23 will be seen this week. Nonetheless, the sell signal given 3 weeks ago has not yet been negated, suggesting the rally is mostly short-covering in association with the rally in the indexes. Intra-week resistance is found at 45.33 but daily close resistance is found at 44.19. Minor support is found at 43.08, at 42.25 and decent and likely pivotal at 41.56, which does include the 200-day MA, currently at 41.20. Probabilities are evenly split for this week but unless the bulls can get above 45.33, longer term probabilities favor the bears.

PACB did not follow through to the downside after the strong down week it had the previous week, suggesting the bears ran out of ammunition. The stock generated an inside week and a green close, as well as a close in the middle of the week's trading range, suggesting the traders are waiting to see what happens this week before committing to a direction. The probabilities still favor the bulls since no sell signal has been given and the mid-term trend is still up. Nonetheless, the bulls must now re-establish control by generating a weekly close above 7.19 and follow that up with a rally above the now resistance level at 8.19 to re-establish the mid-term uptrend. Support is found at 6.50 and more pivotal at the 6.18-6.25 level. Minor but possibly short-term pivotal resistance is found at 7.30 and then minor again at 7.60.

QRVO generated a green weekly close, making the previous week's close at 65.89 into a double bottom using the close the second week of January at 65.81. The stock closed on the highs of the week and further upside above last week's high at 70.27 is likely to be seen, which in turn would also confirm a double bottom on the intra-week chart at 63.02/63.17. Likely pivotal intra-day resistance is found at 71.99 that if broken would suggest resumption of the uptrend and an $80 objective. Support is also now likely to be pivotal between 66.50 and 67.00. Probabilities once again favor the bulls.

VHC generated another minor but possibly pivotal reversal, having made a new 3-week low and then closing in the green and near the highs of the week, suggesting further upside above last week's high at 5.60 will be seen this week. In addition, the bulls were finally able to close above the 100-day MA, currently at 5.25, which was a line that held them back for the past 2 weeks and that had not been broken for the past 6-months. Probabilities favor further upside this week. Minor intra-day resistance is found at 5.75 and then nothing until the 6.12-6.16 level. A break above 6.16 would be a strong positive. A break above 6.85 would likely stimulate movement up to the $10 level. Probabilities slightly favor the bulls.