AREX generated yet again buy signal on the weekly closing chart, having closed above the previous 6-month weekly closing high at 8.15. Nonetheless, the stock did get up close, on an intra-week basis, to the upside objective of the $10 demilitarized zone (9.70-10.30) with a high of 9.57 and selling was seen at that level, causing the stock to close in the middle of the week's trading range, suggesting that this coming week's action could go either way. On a daily closing basis, the 8.64 level now seems to be short-term pivotal, meaning that a close below 8.64 any day this coming week would suggest further downside will be seen, likely with 8.15 as the objective. By the same token and green close above a previous day's close, as long as above 8.64, would suggest another attempt at 10.00 will be forthcoming. The probabilities favor the bulls but only slightly as it can be said the upside objective may have been reached with the 9.57 high.

ARNA generated a bit further upside but the bulls were unable to close above resistance at 4.81 or even above minor weekly close resistance at 4.65, suggesting the upside action was not indicative. The stock closed in the middle of the week's trading range and the action this week could be slightly dependent on the indexes. The stock is likely to be trading between 4.90 and 4.37 for the next few weeks, with a slight chance of 4.20 being seen. Overall the chart continues to "lean" to the bull side but nothing imminent is being seen on the chart. Probabilities very slightly favor the bulls this week but only on a minimal basis.

AXP reported earnings and they were less than expected, causing the stock to make a new 18-month low as well as generating a new sell signal on the weekly closing chart. The stock closed on the lows of the week and further downside below last week's low at 76.53 is expected to be seen. The next intra-week support is not found until 72.08 is reached, suggesting that is the next objective. Support of some consequence is found between 71.47 and 72.08 but the $70 level is now likely to be a magnet, especially considering the 200-week MA, is currently at 70.20, suggesting that is an objective that is now likely to be reached. Stops can now be lowered to 81.27.

BWA did get affected by the drop in the index market on Friday but a minor intra-week support at 59.50 was not broken (got down to 59.60) and the stock reversed to close on the highs of the day, suggesting further upside above Friday's high at 60.82 will be seen on Monday. In addition, the stock also closed in the upper half of the week's trading range, suggesting the stock will go above last week's high at 61.49 this week. Though the stock is likely to feel some effect from a falling index market, it has shown the ability to rally against the indexes, meaning that even if the indexes go down as expected, the stock may not. On a weekly closing basis, the 61.46 level continues to be pivotal resistance, as well as 58.80 pivotal support. The chart continues to favor the bulls.

COF gave a new buy signal on the weekly closing chart, having closed above a minor weekly close resistance at 81.13. Nonetheless and in spite of the rally this past week, the bulls were not able to get above the decent intra-week resistance at 83.96. The stock closed in the middle of the week's trading range and will likely move in conjunction with the indexes this week. A rally above last week's high at 83.21 would likely generate new buying, causing the 83.96 resistance to be broken. By the same token, a break below last week's low at 80.43 would be seen as a strong negative, making last week's high at 83.21 into the fourth successful retest of the 9-year high at 85.30 and would suggest the 100-week MA, currently at 75.40 will be visited. Probabilities slightly favor the bulls.

ENG was unable to generate an additional green weekly close on Friday, generating a negative reversal week and a new 22-week weekly closing low as well as a close near the lows of the week, suggesting further downside below last week's low at 1.47 will be seen this week. The stock is trading at what seems to be a pivotal weekly close support level at 1.50, meaning that the action seen this coming week could be indicative. A rally above 1.67 or below 1.42 will likely set the tone for the next few weeks if not couple of months. Probabilities slightly favor the bears.

FCEL traded uneventfully within a 7 point trading range this past week and giving no clue as to what direction the stock will take for this coming week. The stock seems to be mired within a 15 point trading range between 1.20 and 1.35 that does not show any intention of being broken anytime soon. A close above 1.41 would be a breakout, a close below 1.19 a breakdown.

FSLR continued to "inch" upward, having made a new 6-month intra-week and weekly closing high last week but then only by 64 points above last week's close and then only by $1.33 cents above the high weekly close seen 7 weeks ago. The stock did close in the lower half of the week's trading range, suggesting a higher probability of going below last week's low at 60.52 than above last week's high at 64.09. The stock is still showing a bullish pennant formation that suggests further upside will be seen in the mid to long term but a small correction might be seen this week, especially if the indexes head lower. Minor support is found at 60.52, at 60.01, at 59.27 and at 58.61. A drop down to retest the $60 demilitarized zone seems likely to be seen. Important and pivotal support continues to be found at 57.80 and intra-week resistance at 65.99. The bullish flag formation continues to offer a 72.53 objective.

GS reported much better than expected earnings this past week but the reaction to the report was negative, having made a new 7-year intra-week high at 202.87 just after the report but then reversing the same day to close in the red, followed by a second red close day on Friday, confirming the negative reversal. The stock still ended up making a new 7-year weekly closing high, above the previous week's close at 195.65, but did close in the lower half of the week's trading range, suggesting further downside below last week's low at 194.77 will be seen this week. The stock did gap down on Friday between 198.70 and 198.25 and did close near the highs of the day on Friday, suggesting the first course of action for the week will be to close the gap. Intra-day resistance is found between 198.50 and 198.70, suggesting the gap could be closed but no further upside seen. A drop below last week's low at 194.77 would suggest last week's high will be a spike high top to the rally. A daily close below 196.89 would be seen as a small negative, while a weekly close below 195.45 a strong negative that would offer a downside objective of $183. Nonetheless, the positive earnings report and new 7-year high does suggest that the original downside objective of $150 given on the mention is no longer valid. The downside objective now possible is $170-$172.

KMX has not been able to follow through on its better than expected earnings report, having generated nothing but red since the spike high rally and close the day of the report. The stock has now gotten into the gap generated after the report between 69.21 and 71.97 with a drop last week to 70.13. The stock did close on the lows of the week and further downside below 70.13 is likely to be seen. Daily and weekly close support is found between 68.41 and 68.13 (respectively) that if broken would give a failure signal of consequence and offer a minimum drop down to $63 but a possible correction of consequence that could offer a $50 objective. Nonetheless, if the bulls are able to keep the stock from giving a failure signal, a retest of the highs would likely be seen.

ORCL generated a red close on Friday, making the previous week's close at 43.51 into a successful retest of the previous high weekly close at 44.41 that was in turn a successful retest of the all-time high weekly close at 46.10. The stock now shows 15 weeks of generally sideways trading between $42 and $45 but also shows 2 successful retest of the high, suggesting that the chart is now fulfilled for a correction of consequence to occur. The stock had a negative reversal last week and a close near the lows of the week, suggesting further downside below last week's low at 42.51 is likely to be seen. Intra-week support is found at 42.21 and at 41.58 that if broken would offer an immediate drop down to the $40 level. A break below 39.57 would suggest the stock would drop down to the 36.50 level and a daily or weekly close below 37.50 would open the door for a drop down to the $35 level, which is the mention's objective.

OSK made a new 7-month intra-week high, having seen a rally up to the 50.10 level. Nonetheless, the $50 level is considered a strong resistance level, both psychologically and from previous trading action, and the stock reversed to generate a red weekly close and near the lows of the week, suggesting further downside below last week's low at 47.89 will be seen this week. The stock did close near the highs of the day on Friday and the first course of action for the week is likely to be a rally up to the 49.40 level. Support is found at 47.89, at 47.69 and likely pivotal support at 46.74 that includes the 200-day MA, currently at 47.05. A break and close below 46.70 would be a new sell signal that would suggest the stock will continue lower with a $40 objective. Any daily close above 50.30 would be considered a strong positive. Probabilities favor the bears.

TOL strongly followed through to the negative reversal seen the week before after having made a new 10-year intra-week high at 40.34 the previous week. In addition, the stock generated a failure signal on the weekly closing chart, having closed below the previous 9+year high weekly close at 39.22. The stock closed near the lows of the week and further downside below last week's low at 37.88 is likely to be seen this week. Important daily and weekly close support is found at 36.92 that if broken would offer at least a drop down to the $35 level, if not down to the 200-week MA, currently at 30.75. Minor resistance is found at 39.09 and the pivotal resistance is found at 40.34. Probabilities favor a small rally to 39.09 at the beginning of the week and then red thereafter.

VHC was unable to follow through to the upside last week in spite of having closed on the highs of the week the previous week. The stock closed on the lows of the week and further downside below last week's low at 6.72 is likely to be seen this week. The failure to follow through does diminish the strength of the recent bull-run and opens the door for the stock to go back into a sideways mode of trading between 5.00 and 6.95m with a small possibility of the stock getting back down to the 4.05 level. No sell signal has been given yet as a drop below 5.95 would need to occur for that to happen. Nonetheless, the stock now shows 2 successful retests on the daily chart of the 8.09 high seen February and with the index market now likely to get into a strong correction, the probabilities are now starting to slightly favor the bears. As such, I will be looking to take profits this week if the bulls are unable to rally the stock above 7.02 on Monday or no later than Tuesday. the recent high at 7.40. If the bulls are able to get above 7.02, the 7.40 level would still need to be broken to get new buying to occur. The chart does not suggest that will occur.