AREX had a choppy week that started with a bang but ended with a whimper. The bulls were able to get above a decent resistance level at 7.13/7.23 at the beginning of the week but after getting up to the 100-day MA, currently at 7.65, and unable to close above the line, the stock fell back the last 2 days of the week to close in an uneventful way on Friday. The stock did generate a positive green close but closed slightly in the lower half of the week's trading range, suggesting the bears may still have a slight edge. The stock did close on the lows of the day on Friday and the first course of action is likely to be to the downside, below Friday's low at 7.00. Support is found at 6.85 and at 6.70 that should hold up. The overall chart parameters are now clearly established with pivotal support at 6.09 and pivotal resistance at last week's at 8.07. Overall, probabilities slightly favor the bulls.

ARNA had a negative week and a close near the lows of the week, suggesting further downside (at least on an intra-week basis) below last week's low at 4.21 will be seen this week. Nonetheless, the bulls were able to keep the stock from closing below an important short-term weekly close support at 4.31, meaning that no sell signal was given and if the bulls are able to generate a green weekly close next Friday, the building of a chart support of consequence will have been established. Minor to perhaps decent intra-week support is found at 4.13, minor at 4.00, and stronger as well as likely pivotal between 3.82 and 3.85. Minor daily close resistance is found at 4.50 (200-day MA) and a bit stronger at 4.70. Nonetheless, the stock has now seen 6 red close days in a row and any green close at this time, especially if the 4.13 level is not broken on an intra-day basis, will be considered a positive. Probabilities still favor the bulls for the short-term but it is evident this coming week is pivotal.

AXP generated another sell signal when the stock made a new 17-month low weekly close on Friday, below the previous low weekly close at 78.08 seen just 7 weeks ago. By the same token, the sell signal was only 11 points lower than the previous one and on an intra-week basis the previous low at 77.12 was not broken, meaning that the bulls still have a chance to negate this break if they can manage a green close next Friday. The stock closed near the lows of the week and further downside below last week's low at 77.71 is expected to be seen, so the bulls have a tough task ahead of them to annul the negative action seen. Resistance above is found at the $80 demilitarized zone, especially since the stock gapped down on Wednesday between 80.03 and 79.78. Closure of the gap would be considered a slight positive. Probabilities favor the bears.

BWA had an uneventful inside week as well as a close just slightly below the mid-point of the trading range, suggesting the traders are waiting for the indexes to show some direction. Resistance is found at 81.34 and support at 58.33 and a break of either level would likely bring about follow through of consequence. Probabilities still favor the bulls because the bullish flag formation remains in place. The stop loss at 58.14 should remain in place.

COF generated a new 7-week low weekly close but then only by 6 points below the previous one at 78.71, meaning that the bulls can easily negate the break with a green close next Friday. Pivotal intra-week support is found at 77.70 that if broken would offer an objective of at least 75.08 and likely on a very short-term basis. The stock, like the indexes, was able to find some buying interest on Friday and did generate a green daily close, suggesting the first course of action for the week will be to the upside. Minor intra-day resistance is found at 79.02 and then nothing until the $80 demilitarized zone is reached. Additional and stronger resistance is found at 80.82 that does include the 200-day MA, currently at 80.70. The stock did gap down on Tuesday between 81.18 and 80.96 that will be a target to close if the bulls can get some momentum back early in the week. Nonetheless, the chart is now favoring the bears because of the 5% loss in price seen this past week.

ENG continues to trade sideways without any direction. On a weekly closing basis, the stock has now traded between 1.66 and 2.00 for the last 16 weeks and between 1.70 and 1.80 for the past 5 weeks, suggesting the traders are waiting for some type of catalyst to generate any direction. The probabilities still slightly favor the bears because the stock is closer to the 1.66 support than to the 2.00 resistance but most probably the stock will continue to trade sideways.

FCEL has mostly traded sideways for the past 10 weeks with weekly close support at 1.12 and weekly close resistance at 1.41. The bears still maintain the edge since the stock continues to trade below the 200-week MA, currently at the 1.41 level, but having traded mostly between 1.22 and 1.34 for 90% of that period of time, it can be said that at this moment the edge is minimal.

FSLR has traded sideways for the past 5 weeks, having generated weekly closes between 59.61 and 60.60 every single one of those weeks. Nonetheless, the bulls did generate an intra-week break to the upside, having made a new 5-month high on Tuesday, above the previous one seen 3 weeks ago at 62.27 but then failing to follow through on Wednesday and then closing in the red on Friday, suggesting follow through of the same ilk will be seen to the downside this week. Intra-week support of consequence is found at 57.80 that has a high probability of being seen but also a high probability of holding up, especially since the 200-day MA is currently at 57.45. Intra-week resistance is once again found between 61.87 and 62.27. A drop down to the 57.80 level should be seen as an opportunity to add positions or purchase new ones.

GS generated a classic reversal last week, having made a new 12-week high and then closing below the previous week's low. In addition, the red weekly close made the previous weeks close at 193.13 into a successful retest of the 7-year weekly close double top at 195.45, suggesting that further upside at this point will require positive fundamental news. Nonetheless, the bears were unsuccessful in generating a sell signal on the weekly chart, failing to close the stock below the previous low weekly close at 186.91, in spite of the stock trading as low as 185.02 last week. The stock did close in the lower half of the week's trading range, suggesting further downside below 185.02 will be seen this week. Resistance is found at the $190 demilitarized zone and again at 191.33. Stronger resistance is found between 192.49 and 193.28. Important and probably longer term pivotal support is found at the 200-day MA, currently at 182.20. Probabilities favor the bears on a longer term basis as a bearish Head & Shoulders formation has now been built. A break of the neckline at 172.32 would offer a $146 objective.

KMX bulls were able to avoid the strong drop in the indexes this past week, having generated a green weekly close on Friday and keeping the recent short-term uptrend intact. Nonetheless, the stock only closed 14 points above the previous week's close and the close was in the middle of the week's trading range, suggesting the traders are still on the fence as to what to do and will likely follow whatever the indexes do this week. By the same token and using the intra-week chart, the stock now shows a confirmed successful retest of the double top at 68.41/68.71, meaning that the bulls will likely need some positive fundamental news to generate new buying interest above last week's high at 67.84. To the downside, likely pivotal support is found at the week's low at 65.26 that also happens to be where the 50.day MA is located. Simply stated, a break above or below last week's trading range (65.26-67.84) is likely to be decisive as to direction for the near future. Probabilities slightly favor the bears.

ORCL bulls failed to follow through last week on the new 10-week high, having generated a red weekly close on Friday and below the previous weekly closing high at 44.19 that got broken the previous week. The stock closed on the lows of the week and further downside below last week's low at 42.42 is likely to be seen. It should also be mentioned that with Friday's red weekly close and drop below the previous week's low, the stock now shows 2 successful retests (45.33 and 44.93) of the all-time intra-week high at 46.70, meaning that any action to the upside above 44.93 is now likely to be decisive. Intra-week supports are found at 42.30 and 41.56 that is broken would offer a minimum drop to the $40 demilitarized zone but a possible drop down to the next support of consequence at $35. Probabilities slightly favor the bears.

OSK generated a negative reversal week, having made a new 5-week high and then going below the previous week's low and closing in the red. The negative reversal was even more notable given the fact that the stock got up to the 50-week MA, currently at 48.70, and responded negatively thereafter. The 50-week MA has proven to be a valuable indicator given that the stock broke below the line 35 weeks ago and has not been able to get above it since, in spite of the stock trading around the line for the past 5 weeks and having tested it successfully once before. Minor intra-week support is found at 45.36 and pivotal support is found at 44.16. Resistance that is probably pivotal is found at 48.52. Nonetheless, above that level the stock still shows resistance at 49.40 and at 50.27. Probabilities favor the bears.

TOL added to the 5-month uptrend, having generated a green weekly close on Friday in spite of the selling seen in the indexes. The bulls are riding a wave of buying interest in the Housing market due to the positive Housing reports that have come out of late. The stock did close on the highs of the week and further upside above last week's high at 39.29 is expected to be seen. Nonetheless, the weekly close next Friday is pivotal and likely to determine mid-term direction for the stock as a red close would generate a double top that would loom ominous and a green close would open the door for a rally up to the next resistance level at 45.60 (seen 10-years ago this month). Probabilities favor the bulls.

VHC generated the fourth red weekly close in a row but the bulls continued to keep the stock from closing below the weekly close breakout at 5.87, meaning that the bears are still failing to assert their position. The stock did close on the lows of the week and further downside below last week's low at 5.95 is likely to be seen. It is evident that this coming week is highly pivotal, given the fact that a weekly close next Friday below 5.85 would generate a failure signal of consequence, while a green close would support the bulls contention that a support base of consequence has been built and from which a rally back up to the breakdown level of $12 could occur. Probability numbers are now about even, though a case can be made using the monthly chart that the bears have gained an edge again since the monthly close is on Tuesday and the stock is trading at the bottom of the monthly range, suggesting next month further downside below this month's low will be seen. Already on the daily closing chart, the bulls have failed as the level they needed to defend was 6.17. As such, this week will likely be a decision week for all traders (bulls or bears). On a personal note, I will seriously be considering taking profits on the stock this week if the bulls don't manage to do something positive.