AREX continued to trade sideways between 6.09 and 7.13 (now for the last 9 trading days) without giving any clue as to the direction likely to be taken. The stock did make a new 6-week low at 6.09 (below the previous low at 6.17, but did generate a positive reversal on that day, suggesting the bears may have run out of ammunition. Nonetheless, the bulls were also unable to get anything done, meaning that the probabilities favor more of the same. A rally above 7.27 or a drop below 6.09 would now be indicative of some short-term direction. Probabilities slightly favor the bears this week since the stock closed in the lower half of the week's trading range. A weekly close below 6.40 would give the bears a slight edge and a weekly close below 5.54 would be a negative. A green weekly close next Friday would tilt the table toward the bulls.

ARNA made a new 7-week high above the previous high at 4.97 but the bulls were unable to hold the gains and the stock reversed to close in the red and near the lows of the week, suggesting further downside below last week's low at 4.68 will be seen. Support is found at the 200-day MA, currently at 4.55, that is not likely to get broken, at least not on a daily closing basis. Resistance is once again found at 4.97. Probabilities favor further sideways action but with a slight upward bias.

AXP generated a new 6-week high and in the process gave a small buy signal having closed on Friday above the most recent previous high weekly close at 81.59. Nonetheless, the stock barely closed above a previous low weekly close of some consequence at 82.58, meaning that if the stock closes in the red next Friday, all the bulls will have accomplished is a retest of the breakdown level. Decent intra-week resistance is found at 83.47 that if broken would suggest closure of the gap up at 85.32. Weekly close resistance is found at 85.01 that if broken would suggest the recent downtrend is over. Nonetheless, the stop loss should remain at 83.57 as a break of that level would suggest the stock will move up at least another $1.50 to the upside and give the bulls a chance to accomplish more. Support is now at 80.27 that if broken would "deflate the balloon somewhat".

COF bulls were able to negate the recent selling pressure, having closed above the most recent high weekly close at 80.39. Nonetheless, the strong weekly close resistance remains up between 83.20 that would need to be broken to negate the recent downtrend that is still in effect. Intra-week support is now minor to perhaps decent at 77.70 and indicative weekly close support is found at 76.43.The stock closed in the lower half of the week's trading range and the probabilities favor the bears getting below last week's low at 80.51 to test what is now considered minor psychological support at the $80 level. By the same token, chart is showing a bullish flag formation with the bottom of the flag at last week's low at 80.53, meaning that if the bulls can hold the stock above that level and get above last week's high at 81.91, an objective of 84.75 would be given. Based on the flag formation and the strength in the indexes, probabilities favor the bulls. Nonetheless, any drop below 80.00 would now negate the bullish flag formation.

ENG continues to trade sideways without any direction. Weekly close support is at 1.66 and weekly close resistance is at 2.00. The chart does not show any clear direction and the probabilities favor the stock continuing to trade sideways.

FCEL generated a green weekly close, putting a temporary stop to the selling pressure seen after the stock tested the 200-week MA successfully (the previous week). Daily close support is now found at 1.22 and daily close resistance is found at 1.34 and a bit stronger at 1.41. Stock is likely to continue to trade sideways this week (likely between 1.24 and 1.38) but based on the fact the earnings report showed that the company continues to improve the bottom line (though still in the red), the bulls seem to have a very slight edge.

FSLR generated a second red close week but it was minor as the stock only closed 34 points below the previous week's close. The stock has now been 4 weeks above the 50-week MA, currently at 58.60, suggesting the strength seen the past 9 weeks with the rally from 39.18 to 62.27 continues. There is still a decent possibility of the stock dropping down to the 50-week MA, or even intra-week to the 57.70 level where some minor to decent intra-week support is found. Nonetheless, a rally above 62.27 would negate all of that and likely push the stock up to the 65.99 level that is the next upside objective. Probabilities slightly favor the bears this week.

GS made a new 10-week high and did close on the highs of the week, suggesting further upside above last week's high at 193.92 will be seen this week. Resistance is decent at 196.75 and strong at 198.08. Nonetheless, on a weekly closing basis, resistance is strong and likely indicative at 195.45, where a double top presently exists. Probabilities favor the stock moving up to 195.00 where the bulls will need to generate new buying for the stock to head higher. It is likely the stock will need help from the indexes to accomplish anything more. Support is now likely pivotal at 188.80. The chart suggests the stock may get into a trading range between $184 and $195 for the next couple of weeks before any major decision is made.

KMX generated a strong up week as well as a close on the highs of the week, suggesting further upside above last week's high at 66.69 will be seen this week. The gap up at 66.95 is highly likely to be closed this week but daily close resistance between 67.11 and 67.85 is likely to stop the advance. Weekly close resistance is found at 67.61 and strong at 68.13. The stock left an open gap below between 63.42 and 63.73 that is likely to act as a magnet if the bulls are unable to generate a new all-time high above the double top at 68.71/68.41. Probabilities favor the stock trading between $67 and $63 for the next couple of weeks before any trend direction is found.

ORCL generated a strong spike up week after the stock found support the previous week at the 50.week MA, currently at 41.30. The stock closed near the highs of the week and further upside above last week's high at 44.93 is likely to be seen. Nonetheless, intra-week resistance is found 45.33 that if not broken would suggest the bears maintain a slight edge. The stock does show a bullish flag chart formation with the flagpole being the rally from 41.26 (where the 200-day MA is currently at) to 44.93 and the flag being the trading range the last 2 days of the week down to 44.00. A break above the top of the flag at 44.93 would give an objective of 47.67 which would be a new all-time high. The stock did close near the highs of the week and the probabilities favor the bulls. Nonetheless, the stock has an open gap between 42.47 and 42.74 that will act as a magnet if any weakness/failure is seen. Probabilities favor the bulls and a break above 45.33 would be a strong reason to cover the shorts.

OSK generated a green weekly close but it has to be considered weak as the bulls accomplished little in spite of the big rally in the indexes. Nonetheless, the stock closed near the highs of the week and further upside above last week's high at 48.13 is likely to be seen. Stock is still showing an open gap up at 48.67 that is likely to be closed this week, which in turn would remove some ammunition from the arsenal of the bears. Resistance is still found at 48.93, stronger at 49.40-49.50 and again at 50.27 and as long as one or more of those resistance level remain, the chart will still slightly favor the bears. Indicative support is found at 45.83 and likely indicative resistance at 48.93, which includes the 50-week MA that is important on a weekly closing basis. Nonetheless, until the bulls are able to generate a weekly close above 50.30, the chart supports shorting the stock.

TOL had a strong up week and got up within 26 points of the 9-year high at 39.95. The stock did close in the upper half of the week's trading range and further upside above 39.69 is likely to be seen. Nonetheless, the $40 level has been a brick wall for close to 10 years and the bulls will need to get some strong stimulus from the index market to break that level. Probabilities do favor the stock getting up to somewhere between 39.95 and perhaps the top of the $40 demilitarized zone at 40.30 but if the bulls are unable to break above the level, especially on a weekly closing basis, the bears will gain some strength. Indicative support is at 36.62. The probabilities favor the stock trading between $38 and $40 this week.

VHC generated the third red weekly close in a row but the bulls continued to keep the stock from closing below the weekly close breakout at 5.87. The stock did close on the lows of the week and further downside below last week's low at 6.05 is likely to be seen. Nonetheless, support will be found at the 6.00 level, give or take 5-15 points on either side and as bulls keep the stock closing around the 6.17 level on a daily closing basis, they will keep the chances of higher prices alive.