AREX generated yet another red-weekly close, the 9th out of the last 10 weeks and the 10th out of the last 12 weeks and now finds itself only 25 points from the 6-year low weekly close at 5.16. The stock closed on the lows of the week and further downside below last week's low at 5.35 is likely to be seen this week. The probabilities are now high that the stock will get down to at least the previous low weekly close at 5.16 but it must be kept in mind that the 6-year intra-week low is at 4.28, meaning that on an intra-week basis the stock could go substantially lower. Nonetheless, since the stock started trading back in November 2007 (395 weeks), there have only been 5 weekly closes (1.2%) below 6.09, meaning that on a weekly closing basis, the bears are not likely to be successful for very long even if the stock continues lower. On an intra-week basis, the previous 2 lows over the past 8 years have been at 3.20 (March 2009) and 4.28 (December 2014), meaning the stock could head down intra-week to those levels if it continues below 6.00. The probabilities though, suggest that the $5 demilitarized zone (4.70-5.30) will "stem the tide".

ARNA continues to trade in a sideways manner, likely in a trading range between 4.00 and 4.75, having generated a red weekly close this past week in spite of the green weekly close the previous week. The stock closed near the lows of the week and further downside below last week's low at 4.18 is likely to be seen. Support is found at 4.09, at 4.05, at 3.90 and at 3.85. Probabilities favor a drop down to the 4.05/4.09 level and then a reversal back up toward the upside. On a short-term basis, the 200-day MA, currently at 4.35, remains a pivot point on a daily closing basis. A close above that line will tilt the probabilities back to the bulls. Intra-week resistance is found once again between 4.42 and 4.45. Probabilities favor the bears this week.

COF generated a second red weekly close in a row but closed near the highs of the week, suggesting further upside above last week's high at 88.08 will be seen this week. The stock will likely move in whatever direction the indexes move, meaning that direction for the week is likely to be dependent on what happens on Wednesday with the Greek crisis. Resistance is found at 89.01 and stronger at the all-time high at 90.10. Support is found at 86.78 and at last week's low at 86.12. Nonetheless, even if the Greek crisis gets resolved and the indexes move higher, the resistance at the $90 is considered strong and unlikely to get broken unless the indexes renew their uptrend and/or the earnings report on July 23rd is better than expected.

ENG made a new 20-month low on the intra-week chart but the bears were unable to confirm the break when the stock rallied on Friday to close above the previous low weekly close at 1.31.The stock close just barely above the middle of the week's trading range, suggesting that the direction for the week is still "up in the air". Nonetheless, the inability of the bears to make a statement of consequence does suggest that buying interest is being seen at this level. Minor but likely short-term pivotal resistance is found at 1.42. A green close next Friday (above 1.33) would create a double bottom on the weekly closing chart, which in turn would suggest a rally would be forthcoming. The 1.50 remains a pivotal daily and weekly close resistance. Support is now found at last week's low at 1.25. Probabilities still slightly favor the bears.

FCEL generated a new 31-month weekly closing low, below the previous weekly closing support at .90 (closed at .88). The stock closed on the lows of the week and further downside below last week's low at .87 is likely to be seen. Nonetheless, it does need to be mentioned that the stock made the .87 low on Monday and the bears were unable to generate any follow through to the downside the rest of the week, suggesting that the selling pressure may be ebbing. The bears though, remain in control and a bearish inverted flag has been built that suggests a .75 downside objective if the .87 level is broken, which in turn would be an all-time low (all-time low is .80). Resistance is now found at .94 that if broken would negate the bearish flag. On a possible positive note, it should be mentioned that the company has been in existence for 23 years and though it has yet to turn a profit, it has survived previously under worse earnings numbers.

FSLR made a new 22-week intra-week low and closed below the 200-week MA, currently at 44.65, suggesting the bears are now in control. Nonetheless, the bulls were able to close the stock slightly in the upper half of the week's trading range, suggesting a rally above last week's high at 45.22 may be seen this week. If the bulls are able to generate a green weekly close next Friday, above 44.65, the close this past week will be seen as a successful retest of the line and some technical buying interest will be seen. Resistance is found at last week's high at 45.22 and then again at 45.70 but if broken, there is no resistance until the 48.62 level is reached. Support is now pivotal at last week's low at 42.71. Probabilities still favor the bears but it is a pivotal week.

NFX made a new 15-week low but then reversed to close in the green and near the highs of the week, suggesting further upside above last week's high at 36.07 will be seen this week. Nonetheless, like with everything else, direction for the week is likely to be generated by what happens with the Greek crisis on Wedneday. Pivotal resistance is found at 36.42 that if broken would be a reason to consider covering the shorts as further upside, at least up to 38.07, would likely be seen. Support is found at 34.78, a bit stronger at 33.96 and at last week's low at 33.51. A break below 33.51 would suggest the stock would drop at least to the 200-day MA, currently at 32.60.

PRAA generated a positive reversal week and a new all-time high weekly close on Friday, having closed a few points above the previous high weekly close at 63.56 seen 3 weeks ago. The stock closed near the highs of the weekly and further upside above last week's high at 64.00 is expected to be seen. Nonetheless, the recent intra-week high at 64.23, as well as the all-time intra-week high at 65.00 were not broken, suggesting that the stock is still likely to move based on what the indexes do. The stock gapped up on Friday between 62.97 and 63.13 and with the Greek crisis still unresolved and pushed back to Wednesday, the probabilities favor the gap being closed at the beginning of the week. Minor support is found at 62.00 and stronger at last week's low at 61.29. Probabilities overall slightly favor the bears as new all-time highs are going to be difficult to achieve, especially if the indexes do not do the same.

SINA generated further downside this past week as the sell-off/correction from the recent highs at 61.25 reached 32%. The stock did close the original breakaway gap at 41.90 that was created the day it was announced that the CEO was buying $465 million of the common stock, meaning the gains seen because of the CEO purchase have been erased. Nonetheless, a strong short-covering rally was seen immediately thereafter, causing the stock to rally up to the psychological and previous intra-week high resistance at $50 before settling down to close slightly in the lower half of the week's trading range. The future direction is likely to depend on what the Asian markets do now (after their major fall), but the stock has reached a level of support between 40.44 and 41.90 that is likely to hold up. The stock did close near the lows of the day on Friday and further downside below Friday's low at 45.25 is likely to be seen on Monday, probably with the objective of closing the gap that was created on Wednesday at 45.02. Support is likely to be found between 44.18 and 45.02 and a rally back up to the $50 level (probably up to the 51.70-52.77 level) is likely to be seen.

TOL generated yet another green weekly close (6th in a row) and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 39.13 will be seen this week. Nonetheless, there is decent intra-week resistance at 39.25 and decent weekly close resistance up at 39.22 that is unlikely to get broken unless the indexes continue higher, meaning the bulls still have not accomplished enough to say the stock will continue much above this area. Minor support is found at 37.97 and likely pivotal support is found at 37.55. Probabilities still slightly favor the bulls but by a small margin.

VHC "spun its wheels" yet again this past week, having generated a second inside week with nothing getting decided. The stock did close in the upper half of the week's trading range and the probabilities favor the stock going above last week's high at 4.40 but there is minor but likely short-term pivotal resistance at 4.45 that the bulls need to break before any further upside can be considered. By the same token, a break above 4.45 is likely to bring about some short-covering as well as a rally back up to the $5 demilitarized zone. Minor support is found between 4.02 and 4.08. Probabilities this week slightly favor the bulls.

XOM confirmed the break seen the previous week of the 3-year weekly close support at 83.58 with another red weekly close on Friday. The stock once again closed in the lower half of the week's trading range and further downside below last week's low at 81.49 is expected to be seen. There is no support below until the $80 demilitarized level is reached and even then the support there is considered minor to perhaps decent at best. Short-term pivotal intra-week resistance is now found at 84.90. Probabilities favor the bears this week and a drop down to the $80 level.