AREX generated a red weekly close, making the previous week's intra-week high at 9.57 into a successful retest of the 2-year resistance from 2008/2010 at $10. In addition, the possibilities that the stock has found a temporary top to the recent rally have now increased, suggesting the stock could head down to the 6.50 level before the traders try again to reach the $10 level. The stock closed on the lows of the week and further downside below 7.92 is expected to be seen. Resistance is now minor to perhaps decent at 8.65/8.70. Minor short-term support is found at 7.61 and then nothing until 6.85. Probabilities favor the stock getting down to 7.70 this week and perhaps rallying back up to the 8.65 level. Nonetheless, mid-term probabilities favor the stock trading between 6.50 and 8.50 for the next few weeks.

ARNA generated a red weekly close, making the previous weeks close at 4.64 into a successful retest of the 50-week MA, currently at 4.65. By the same token, the stock did get down to the 200-day MA, currently at 4.37, with Friday's drop down to 4.35. The stock did bounce up from that line to close in the middle of the week's trading range, suggesting that this coming week is likely to be "short-term" decisive with a break above last week's high at 4.67 or a break below last week's low at 4.35 determining the direction for the next couple of weeks. The overall chart though, suggests the stock continues to be in a wider trading range between the $4 and $5 level with the only question presently being asked is the immediate short-term direction.

AXP continued to "spin its wheels" around the $78 level (based on a weekly close) as the traders await some clear sign of trend direction from the index market. The stock did close near the highs of the week and further upside above last week's high at 78.65 is likely to be seen this week. A break above last week's high though, is likely to generate closure of the gap between 78.65 and 79.25 and likely bring about enough buying to take the stock back up to the $80 level and at the very least take some selling pressure off for the short-term. With the gap based on news, closure of the gap could be seen as enough of a positive to consider covering the short positions. Minor support is found at 77.18 and pivotal support is found at 76.53. A break below 76.53 would be considered a strong negative. Probabilities slightly favor the bears but this coming week seems to be pivotal and likely dependent on what the index market does.

BWA continued to "spin its wheels" this past week without the chart giving any clue as to what the traders are likely to do. By the same token, the overall chart remains tilted toward the upside as the bullish flag formation on the weekly chart remains in place. Any daily close above 62.08 would be considered a breakout, while any daily close below 59.04 would be seen in a bearish light. Probabilities still favor the bulls.

COF reported earnings on Thursday afternoon and the traders reacted to the news with a slight bearish tone. The stock generated a red close week and a close in the lower half of the week's trading range, suggesting further downside below last week's low at 79.36 will be seen this week. Overall though, the stock remains in what looks like a large 1-year consolidation phase between $75 and $85 with a very slight short-term downtrend in place. Minor to perhaps decent short-term support is found at 77.70 and the same kind of resistance is now found at 83.21. The long term chart suggests that the stock will ultimately head lower but it is evident that a rally above the recent high at 83.21 will change that outlook. As such, stop losses should now be hard and placed at 83.31. The monthly chart still suggests the $70 level is the downside objective if the bulls are unable to break to the upside out of this consolidation phase.

ENG generated a green weekly close after it was announced that the company had approved the re-purchase of $2 million dollars of shares. The stock closed near the highs of the week and further upside above last week's high at 1.74 is expected to be seen. The 200-week MA is currently at 1.74 and a close above that level next Friday would be considered a positive. By the same token, that line has been broken twice to the upside over the past 6 months without much consequence, meaning that it is not a line that is presently pivotal. Weekly close resistance though, is found at 1.80 and a break of that level would be more indicative as a short-term buy signal would be given. Daily close support is now found at 1.60 that should not be broken to the downside if the bulls did get a "valid advantage" with the re-purchase plan. Intra-day support of consequence is now found at 1.50. The 2.00 level, on a weekly closing basis, remains an important longer term pivotal point. Probabilities favor the bulls for the short term and for a potential rally back up to the 2.00 level over the next few weeks.

FCEL finds itself in "no man's land" with the chart giving no clue as to direction at this time. 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 has now generated a green weekly close on 10 of the last 14 weeks with the last 4 all in a row. Nonetheless, the stock generated a negative reversal on the daily chart on Friday, having made a new 6-month intra-week high and then going below Thursday's low and closing near the lows of the day, suggesting further downside below Friday's low at 63.16 will be seen this week. The action, coming off a 65.50 intra-week high, does suggest the selling interest is picking up as the stock reaches the decent intra-week resistance level at 65.99 (64.19 on a weekly closing basis). Minor short-term support is found at 61.21 and a lot stronger at the $60 demilitarized zone. Probabilities favor the stock trading between $60 and $66 for the next few months and as such, trading short-term within those parameters should be considered.

GS continued its uptrend on the weekly closing chart, having generated on Friday the 5th green weekly close in a row. Nonetheless, the stock did generate an inside week as well as a close near the lows of the week, suggesting further downside below last week's low at 196.57 will be seen this week. Nonetheless, the chart also suggests that the bears are not likely to have much success in getting the stock below the previous multi-year high weekly close at 195.45 and will probably have problems getting below 195.65 on an intra-week basis, though the probabilities of getting down to that price this week are high. Strong consideration should be given to covering the shorts below 196.00. On a longer term basis, probabilities favor the bulls.

KMX continued to show a lack of follow-through buying interest after the better than expected earnings report, having generated the 3rd red weekly close after the high set at 75.40 right after the report. The stock closed on the lows of the week and further downside below last week's low at 69.81 is likely to be seen. By the same token, the stock is likely to get close this week to the previous all-time intra-week high at 68.71 (68.13 on a weekly closing basis) and not having shown any retest of the 75.40 high, the probabilities do favor some bounce after the previous high is reached. As such, strong consideration should be given to covering the short positions on drops below $69 this week.

ORCL generated an uneventful inside week but did close near the lows of the week, suggesting further downside below last week's low at 42.75 will be seen this week. Nonetheless, the bears have been unable to generate the kind of selling that a major long term (15 years) double top, as is presently seen in the stock at the 46.47/46.70 level, would have normally brought, suggesting that further downside is limited at this time. 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. To the upside, a break above the recent high at 44.19 would suggest the double top will be tested and perhaps broken. As such, a hard stop should now be placed at 44.35 but consideration should be given to taking the small profits made if the bears fail to break below the 41.58/42.21 level this week. Probabilities are now slightly favoring the bulls.

OSK followed through to the downside this week after the previous weeks test of the resistance level at $50. The stock closed slightly in the lower half of the week's trading range, suggesting further downside below last week's low at 46.90 will likely occur this week. Nonetheless, the stock shows decent support between 44.33 and 46.70 that is not likely to be broken unless the indexes fail. The monthly chart still shows the possibility of the stock getting down to the $40 level but for that to happen the stock would need to close on Thursday below 44.15 and that doesn't seem like a high probability. As such, the chart is not clear and with the indexes not likely to fail in a big way, the best course of action is likely to cover the shorts this week between 46.00 and 46.90 and put the money to work elsewhere.

PCLN closed on the highs of the week and further upside above last week's high at 1235.00 is expected to be seen. The bulls accomplished enough this week to suggest the stock will continue higher with $1245-$1250 as the immediate objective. The stock did gap up on Friday between 1222.95 and 1227.61 and it is unlikely that gap will remain unclosed. Nonetheless, the probabilities favor the bulls going higher before the gap is addressed. Support is now decent at the 1200.00 level which is the put option strike price, meaning that liquidating the put option at the best available price is now a high priority.

RHT generated a new all-time highs weekly close, closing above the previous one from 5 weeks ago at 76.52. The stock closed on the highs of the week, suggesting further upside above last week's high at 77.08 will be seen this week. The all-time intra-week high at 77.82 is still unbroken and will act as minor resistance this week but the probabilities do favor the bulls making another new all-time high this coming week. On an intra-day basis, support is likely to be found at the 76.00 level. Further support will be found at 74.33. The short mention given this past week now looks like a loser and as such, consideration should be given to covering the shorts at the best possible price on Monday, unless of course the indexes head lower and the stock breaks below the support at 74.33. A break above 77.82 would be a strong reason to cover the shorts.

TOL generated a strong down week after Housing reports were disappointing. The stock closed near the lows of the week and further downside below last week's low at 36.03 is likely to be seen. The stock did give a sell signal on the weekly closing chart, having closed on Friday below 36.92. Nonetheless, the 12-point lower close was not convincing enough to say the stock is likely to head much lower, meaning that taking profits on the short positions should be considered this week. The 200-day MA is currently at 34.80 and it is unlikely that line will be broken at this time unless the stock market heads lower. Resistance is now decent between 37.50 and 37.61, suggesting the stock could end up having a 35.00-37.50 trading range this week. By the same token, the stock is having a negative reversal month, having made a new 10-year high and having gone below last month's low at 36.62. If the stock closes below 36.62 on Thursday, the probabilities will strongly suggest the stock will head down to the $31 to $33 level. Nonetheless, the probabilities are not high that a close below 36.62 will be seen on Thursday. As such, consideration should be given to covering the shorts between 35.00 and 36.00.