AREX made a new 6+ year low weekly close, below the one seen in December at 5.16. The stock closed on the lows of the week and further downside below last week's low at 4.97 is likely to be seen this week. The stock has now had red weekly closes on 10 out of the last 11 weeks and there seems to be no end, chart-wise or fundamentally, to the weakness being seen. The all-time low weekly close is at 4.64 and the probabilities are high that level will be seen this week. On an intra-week basis though, the intra-week low seen in December was at 4.28 and it does seem unlikely that level will be broken at this time, meaning that consideration can be given to purchases of the stock around the 4.64 level with a stop loss at 4.18. If that support level holds up, the chart suggest a rally up to the $10 could be seen in the coming months. It should be mentioned that 3 weeks ago the weekly volume dropped under 300,000 for the first time in 9-months and was the lowest since June 2014 when it got down to 209,000. In November when the stock got down to 4.28, the volume had also been dropping and just 3 weeks before the 18-week uptrend to 9.57 began, the volume dropped down to 389.000 (which had been a 5-month low since June). It should be mentioned that just 3 weeks ago the volume dropped down to 289,000, and if past volume history is any indication, it could mean that a turn to the upside might be right around the corner.

ARNA made a new 17-week high, matching the high seen the third week of March at 5.12. Nonetheless, the bulls were unable to confirm the mini breakout, having closed on Friday still below the 6-month weekly closing high at 4.81. The stock closed in the lower half of the week's trading range, suggesting the probabilities favor last week's low at 4.29 being broken, rather than last week's high at 5.12 being broken. Nonetheless, the probabilities do not necessarily favor the bears strongly since the traders had one main objective this past week and that was to close the unsupported gap down at 4.50 that had been generated the day of the rally (rally off of another company in the same industry getting good news) and that occurred on Friday, meaning that the stock could end up having an inside week or even a rally above last week's high if the 200-day MA, currently at 4.35, holds up. The increase in volatility seen the past few weeks does favor the bulls since any change of volatility (without news) generally favors the opposite side of the trend (which has been down). Once again, likely pivotal intra-week resistance is found at 4.72 and also likely short-term pivotal intra-week support is found at 4.18.

ENG saw volatility this past week, having seen the biggest trading range in 6 weeks (17 points). Nonetheless, the bulls were unable to make anything of consequence happen since a red weekly close (the 6th in a row) occurred. The stock made a new 21-month weekly closing low but the bears were unable to make a convincing statement since the close was only 2 points below the previous low weekly close at 1.31 and if the bulls are able to generate a green weekly close next week, it will still be seen as a double bottom on the weekly closing chart. Support is still at 1.25 and resistance is at 1.42.

FCEL generated the first green weekly close in the last 7 weeks, likely because the bears have been unable to generate a new low over the past 11 trading days to this recent downtrend and short-covering occurred. Nonetheless, the bulls were unable to accomplish anything either, suggesting that the stock may have found a bottom at the .86 level but not yet found enough buying interest to generate any meaningful rally. Minor resistance is found at .95 and a bit stronger and more pivotal at 1.06. Support is found at .88 and at .86. Probabilities favor the stock continuing to trade sideways with perhaps a slight bias to the upside with the 1.00 demilitarized zone (.97-1.03) being the present target.

FSLR bulls attempted to rally the stock, having gone above last week's high early in the week. Nonetheless, on Friday the bulls were unable to make any kind of a statement, having generated another red weekly close and near the lows of the week, suggesting further downside below last week's low at 43.75 will be seen this week. Nonetheless, the red weekly close was only by 8 points below last week's close (43.95 vs last week 44.03), meaning that the 200-week MA, currently at 44.35, has not yet been broken convincingly as a green close next Friday above 44.35 would still be seen as a successful retest of the line. Intra-week support is found at the previous week's low at 42.71 and if the stock gets below 43.75 but not below 42.71 and then turns around to close in the green next Friday it will also be seen as a successful retest of the recent low, something that is required by the chart before any recovery of consequence can occur. Resistance is now minor to decent at last week's high at 47.01, which also represents the general support/resistance level found $3 below any psychological support, such as $50 is considered to be. Though the bears still have the probabilities in their favor, the chart seems to suggest that a turn-around will happen this week.

PRAA generated a negative reversal week, having made a new 9-month intra-week high but then closing in the red and near the lows of the week, suggesting further downside below last week's low at 62.90 will be seen this week. The negative reversal has to be discouraging for the bulls, inasmuch as this stock has been one of the stalwarts in the index rally, having moved up from 47.84 to last week's high at 64.82 over the past 4 months and then reversing on a week where the indexes showed strength. Short-term support is found at 62.90 and at 62.00, and then stronger and pivotal at 61.29. Resistance is found at last week's high at 64.82 and strong at the all-time high at 65.00. Probabilities still favor the bulls, inasmuch as the previous all-time high weekly close at 63.25 that was broken 4 weeks ago, still has not been negated (closed at 63.31 on Friday).

SINA generated an inside week (lower highs and higher lows than the previous week), suggesting that some buying or short-covering interest is being seen. Nonetheless, the stock extended the recent downtrend with another red weekly close and did so closing below the mini breakout level on the weekly closing chart at 43.70, meaning that the buying interest here is still small. The stock closed near the lows of the week and further downside below last week's low at 41.98 is likely to be seen. Intra-week support is found at 41.90, at 41.11 and at 40.44 but if the 40.44 level is broken, it will be another sell signal of consequence. Chart seems to suggest the stock will get down to the 41.11 level and then turn around, though if the bulls are able to get below 41.98 but not below 41.90, it would be a short-term positive sign of some consequence. Resistance is found at 44.98 and then very minor at 46.92. Decent resistance is now found at last week's high at 49.90, which does include the psychological resistance at $50. Probabilities suggest the bulls might have a small bias this week, inasmuch as a gap was left on Wednesday between 44.34 and 44.73 that should be closed, meaning that if the stock heads lower at the beginning of the week, that gap will act as a magnet.

TOL generated a negative reversal week, having made a new 13-week high but then closing in the red and near the lows of the week, suggesting further downside below last week's low at 38.06 will be seen this week. The negative reversal was unexpected, inasmuch as the indexes moved higher and the Housing starts report was better than expected. Nonetheless, the red weekly close does make the previous week's close at 38.87 into a successful retest of the 9+-year high weekly close at 39.90 and does give the bears' added hope that the stock is ready to correct. Minor support is found at 37.83 and a bit stronger and definitely more pivotal at 37.55. The weekly chart suggests that a break below 37.55 will take the stock down to at least 36.62, if not down to the $35-$36 level. Resistance is now decent between 39.57 and 39.69. Probabilities favor the bears this week.

VHC was able to generate a second green weekly close, suggesting that a bottom has been found at the 4.05 level, perhaps of some consequence. Nonetheless, the bulls have not yet been able to make a statement of any consequence as no resistance levels have been reached, much less broken. The stock closed in the upper half of the week's trading range, suggesting further upside above last week's high at 4.76 will be seen this week, which in turn if it happens would give the bulls a bit of added ammunition as that level is now considered minor but slightly short-term pivotal resistance. Above 4.76, resistance is found at 4.95 and again at 5.22 and it must be mentioned that the 200-day MA is currently at 5.55 and the probabilities of that line being broken anytime soon are minimal. Minor support is found on the 60-minute chart at the 4.43 level that represents the 200 60-minute MA. On the intra-week chart though, no support has yet been built until the 4.02-4.09 level is reached. Probabilities favor the bulls at this time but only for a rally up to the 5.00-5.30 level.

XOM was able to generate a small green weekly close, suggesting the selling interest may be waning a bit. Then again, the mini rally may be a bit of short-covering due to the fact that oil prices got back down to what is considered a decent psychological support at $50, meaning that oil prices and the stock may be just pausing as they get into a trading range. Minor but short-term pivotal resistance is found at 83.48 that if broken, suggests that a rally up to the 85.00 level is likely to be seen. Support is now found at the previous week's low at 81.49. A drop down to the $79-$80 remains a high probability but the chart suggests the stock will be in a trading range between $$79/$80 and $84/$85 for some weeks, if not a couple of months. As such, "trading" the stock within that range seems to be the best course of action.