AREX generated a red weekly close but the bears were unable to engender any sell signal, having closed still above the previous high weekly close at 6.98 that produced the buy signal in the first place. The stock did close on the lows of the week and further downside below last week's low at 7.07 is likely to be seen. Support is found at 6.85 and again 5.81 but any break below 6.85, especially if a daily and weekly close is seen below 6.98 would suggest the small recent uptrend is over and that the stock will likely get into a sideways trading range between $6 and $8 for the next few weeks, if not months. Resistance is now decent at 8.34 that if broken would suggest the uptrend will continue with the $10 level as the objective. As such, the action this coming week is likely to be indicative. The price of oil is more likely to affect the price of the stock than the indexes. Oil closed on Friday at 49.70.

ARNA generated a drop down to the 3.82 support with a low of 3.85 this past week. Nonetheless, the stock rallied to close in the upper half of the week's trading range, suggesting that further upside above last week's high at 4.50 will be seen. If that does occur, the 3.85 low will be seen as a spike low that should generate new buying interest. Resistance is found at 4.74, at 4.90 and at 4.97. A break above the most recent high at 4.78, in conjunction with a close above the 200-day MA, currently at 4.63, would be a decent positive. Support is now found at 4.13 and at 4.01. Probabilities favor the bulls.

AXP generated a red weekly close on Friday, making the previous week's close at 81.59 into a successful retest of the support level at 80.69 that got broken and gave the second sell signal. The stock closed on the lows of the week and further downside below last week's close at 80.06 is likely to be seen. Intra-week support is found at 78.41 and at 77.12. Likely pivotal resistance is now found at 83.47, suggesting the stop loss should now be dropped down to 83.57. The probabilities do favor the stock dropping down to at least 78.41 but also favor the downtrend resuming. If 77.12 is broken convincingly, the objective will be the $70 level.

ENG generated a positive reversal week, having made a new 17-week low and then going above the previous week's high and closing in the green. More importantly, the new low was not sufficient to close the gap at 1.57, meaning the gap is still considered a possible breakaway gap. The stock did close in the upper half of the week's trading range and further upside above last week's high at 1.93 is expected to be seen. Nonetheless, this week will be all about the earnings report that comes out before the market opens on Thursday. A positive report will likely generate a second gap, likely to be considered a runaway gap, while a disappointing earnings report will likely push the stock down to close the breakaway gap and put the stock back on the defensive. If that happens, the support at 1.50 would become pivotal. Any rally above 2.28, and/or weekly close above 2.00 would be a positive.

FCEL generated a new 7-week high on Friday and the stock closed right at the 200-week MA, currently at 1.41, meaning that the close next Friday is going to be indicative. The company releases its earnings report on Tuesday after the close and that report is likely to be decisive as to the short-term future of the stock. Minor resistance on a daily closing basis is found at 1.54, which includes the 100-day MA. Further and stronger resistance is found at 1.75-1.77 (1.72 on a daily closing basis) that if broken would be short-term indicative and likely generate a rally up to the 1.95-2.00 level that if broken on a closing basis would likely push the stock into a short-term uptrend. Important support is found between .98 and 1.05. The direction for the week is going to be based on the earnings report.

FSLR generated the 5th green weekly closing in a row but more importantly confirmed the break of the 50-week MA, currently at 59.00, with a second close in a row above the line. The stock closed in the middle of the week's trading range, suggesting the stock might follow whatever the market or oil prices do this week. Nonetheless, the stock did generate a negative key reversal on the daily chart on Friday, having made a new 6-month high and then closing below the previous day's low, suggesting the first course of action for the week will be to the downside. Minor support is found at 60.15 and decent as well as pivotal support is found at 57.80, which is also where the 200-day MA is located. Probabilities favor a pause-in-the-uptrend week, a drop below last week's low at 59.03, but a close next Friday above that same level. A rally above last week's high at 62.27 would likely negate the scenario, suggesting 65.99 will be seen.

KMX generated a strong down week, confirming the double top on the weekly closing chart at 67.61/68.13. The stock closed on the lows of the week and further downside below last week's low at 62.89 is likely to be seen. Support is found at 61.83 and stronger and more indicative at 60.83. Any daily close this week below 62.10, especially if confirmed with a second close in a row below that level, would be a sell signal of consequence. The same level of support is found on the weekly closing chart and if both get broken this week, the downside objective would be a minimum of $55, which is where the 200-day MA is currently at. Resistance of consequence is now found between 65.85 and 66.30 which includes the gap that was generated on Wednesday between 66.95 and 66.00. Closure of the gap would be a decent positive for the bulls, but another gap, or a failed attempt to close the gap, would be a strong sell signal.

ORCL generated a decent spike down this week and a close on the lows of the week, suggesting further downside below last week's low at 42.30 will be seen this week. Nonetheless, no support of consequence was broken during this move, meaning that 2+-month "short-term" downtrend has not officially resumed. By the same token, important support between 41.40 (200-day MA) and 41.56 (previous intra-week low of consequence) is likely to be reached this week and if broken, it would be an official sign that the short-term downtrend has resumed and an objective of at least 38.96/39.53 would be given. Daily close resistance is minor to perhaps decent at 43.41 but if broken, much of the sell pressure would abate. Probabilities favor the bears.

OSK generated a red weekly close, making the previous week's high at 49.40 (48.79 on a weekly closing basis) a successful retest of the 50-week MA, currently at 49.30. In addition, it can be said that the 200-day MA, currently at 49.95 was also tested successfully. The stock closed in the lower half of the week's trading range, suggesting that last week's low at 46.00 will be broken this week. Minor intra-week support is found at 45.36, which includes both the 50 and 100 day MA's, and a bit stronger at 44.16. Further but minor support is found at 43.08 and then nothing until the $40 demilitarized zone is reached. Below that level, support will be found at the 200-week MA, currently at 37.00. The stock gapped down on Monday and the gap between 48.67 and 47.86 is now considered a possible breakaway gap that is even more relevant because of the 200-day MA. Probabilities favor the bears, especially if a second gap is generated. Downside objective for now is the 37.00 level.

QRVO got above the previous all-time high weekly close at 73.85 on both Thursday and Friday but the bulls were unable to close above that level on Friday, suggesting the stock may not be ready to resume the uptrend. In fact, the red daily close on Friday does make Thursday's close at 74.51 into a successful retest of the all-time high daily close at 75.76, suggesting that a drop back down to the 70.00 level will be seen this week. By the same token, the bulls were able to close in the upper half of the week's trading range, suggesting that further upside above last week's high at 75.15 will be seen this week and that the all-time intra-week high at 78.05 may be tested. Using the intra-day charts, the 71.50 level seems to be a small pivot point that if broken would suggest that the $70 demilitarized zone will be visited. It is difficult at this time (with the short time this stock has been trading as QRVO) to measure the effect of how much a correction in the indexes will affect this stock, suggesting that a stop loss be placed at 71.40 with the idea of re-evaluating the stock when it gets down to the $70 level. A close above 75.76 would be considered a bullish statement.

VHC generated a red weekly close, as well as a close on the lows of the week, suggesting further downside below last week's low at 6.80 will be seen this week. Drops as low as 5.85 could be seen as the stock is likely to retest the daily close breakout level at 6.19 and even perhaps the weekly close breakout level at the 5.85-6.11 area. Intra-week support is found at 6.05 that should hold up but that will likely be the downside target for this week. The short-term trend is still up but because the index market is likely to continue lower, the probabilities favor weakness this week. Daily close resistance is found at 7.58 that if broken would negate the week's bearish scenario. Probabilities favor the bears.