AREX made a new 7-week low this past week but the bulls were able to generate a close near the highs of the week, suggesting further upside above last week's high at 7.51 will be seen this week. The stock did get down to a minor but established level of intra-week support at 6.85 (fell to 6.83) and the bulls were able to generate a bounce from it, meaning the possibilities that this minor correction is over are decent. Minor intra-week resistance is found at 7.59, a bit stronger at 7.85 and decent between 8.07 and 8.34. The 6-month uptrend remains intact and if the resistance levels mentioned above are broken, the stock will likely continue up toward its $10 objective. To the downside, the 6.09-6.23 area remains important and pivotal support. Probabilities slightly favor the bulls this week.

ARNA bulls attempted to rally the stock this past week, having gone above the previous week's high at 4.35. Nonetheless, the rally failed as the stock turned back down to close near the lows of the week, suggesting further downside below last week's low at 4.14 will be seen this week. The 4.05 level is now a likely downside target for this coming week but the chart is now leaning indicatively to the downside with 3.85 as a support level that should now be seen. The monthly chart actually suggests the stock has a high possibility of dropping as low as 3.49. Resistance is now decent and indicative at 4.42. Probabilities favor the bears.

BWA spun its wheels this past week, having generated an inside week and a close near the middle of the week's trading range. The stock for the past 3 weeks has traded in a small trading range between 61.23 on the downside and 61.93 on the upside, suggesting the traders are waiting for some catalyst to generate direction. Nonetheless, the probabilities slightly favor the downside this coming week with at least the $60 demilitarized zone being seen but with a possibility of the stock getting down over the next week or two as low as 58.33. By the same token, if the bulls are able to get above last week's high at 61.93, further upside up to at least 62.85 would likely be seen. Probabilities slightly favor the bears this week.

COF made a new 8+ year high this past week at 85.68, above the previous high seen in July of last year at 85.38. Nonetheless, on a weekly closing basis, the stock only closed 7 points above the previous high weekly close at 84.95, meaning that if the bears can generate a red close next Friday, it will be seen as an ominous double top on the weekly closing chart. The stock did close in the upper half of the week's trading range and further upside above last week's high at 85.69 is likely to be seen this week. By the same token, the stock generated 3 red daily closes in a row at the end of the week and the first course of action is likely to be to the downside, below Friday's low at 84.61. Minor daily close support is found at 84.95, at 84.07, and at 83.31. Minor intra-week support is found at 83.59, at 82.24 and at 81.40. Decent intra-week support is found at the $80 demilitarized zone. The 84.00 level seems to be pivotal this week as it was last week's low and a break below that level would suggest the recent breakout has failed. Probabilities favor the bulls but it does look like a pivotal week.

CBRL generated a green weekly close, as well as a close in the upper half of the week's trading range, suggesting further upside above last week's high at 140.34 will be seen this week. Nonetheless, 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. Support is found at the 200 60-minute MA, currently at 137.75, and again at the 137.00 demilitarized zone. Resistance is found at Thursday's high at 140.34 as well as at the 142.48 to 142.84 level, which also includes the 50-day MA. Probabilities favor the stock trading between $137 and $143 until some new catalyst is found.

ENG continues to trade mostly sideways without any clear direction. Support is found at 1.42 and resistance at 1.74. A break of either of those 2 levels is likely to generate some short term direction. The stock closed exactly in the middle of that trading range on Friday, meaning that the traders are likely to continue in the trading range until some new catalyst is found.

FCEL made a new 15-week low at 1.15 and closed near the lows of the week, suggesting further downside is likely to be seen this week. Support is found at 1.14 but the chart suggests that level will be broken, meaning the longer term support at 1.10-1.12 is likely to be seen. The company reports earnings on Wednesday June 3th and the stock is not likely to generate any substantial rally until that report comes out, and even then only if the earnings are better than the $-.02 that is expected. Decent and pivotal resistance is found at the 1.45 level.

FSLR bulls were unable to generate any follow through to the previous week's rally and close on the highs of the week to close on Friday on the lows of the week, suggesting further downside below last week's low at 54.70 will be seen this week. Support is found between 54.57 and 54.63 that if broken would suggest the bullish gap seen after the February earnings report between 49.97 and 54.57 will be closed. In addition, the stock is showing a bearish inverted flag formation that if broken (a drop below 54.57) would offer a $46 objective. Resistance is presently found between 57.15 and 57.82 that if broken would negate the recent sell interest. Probabilities favor the bears based on the present chart but it is evident this coming week is pivotal and that both options (upside and downside) are wide open.

MMM bulls were unable to generate any follow through to the upside after the previous week's close on the highs of the week, causing the stock to generate a red weekly close as well as a close on the lows of the week, suggesting further downside below last week's low at 160.66 will be seen this week. The red weekly close also gave the $163 level additional resistance strength. The stock seems to be trading between $157 and $163 and the probabilities favor the stock heading down to the $157 level at this time. Minor support is found at the $160 demilitarized zone and then nothing of consequence until 157.74 is reached. Resistance is decent at 163.77 that if broken would give the bulls the edge.

NFX generated a green weekly close, as well as a close near the highs of the week, suggesting further upside above last week's high at 38.48 will be seen this week. The stock did close in the bottom half of Friday's trading range, suggesting the first course of action for the week will be to the downside. Support is found at 36.79 and at 35.97 that one or the other are likely to hold up with the lower one being the most likely to be seen. Resistance, is found at last week's high at 38.45 and a bit stronger at 39.37. Probabilities favor a trading range this week between 35.97 and 39.27. A rally above 40.27 would be a bullish statement while a drop below 33.96 a bearish short-term statement. Traders are likely to wait for further information from the indexes or from oil prices to make a longer term decision.

TOL generated another green weekly close but the stock did close near the lows of the week, suggesting that last week's high at 38.96 could end up being a spike high retest of the 9+ year high at 40.33, if and when the bears can take the stock below last week's low at 37.35. Pivotal "short-term support" is found at 36.62 that if broken would suggest the stock will test the pivotal longer term support at 35.00. The probabilities favor the stock being in a $35 to $40 trading range until such a time that the market decides what to do longer term.

XOM generated another red weekly close on Friday and the stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 86.21 will be seen this week. The chart shows a bearish inverted flag formation with the flagpole being the drop from 90.09 to 86.21 and the flag being the trading range seen the last 2 weeks up to 87.73. A break below 86.21 will offer a downside objective of 83.85. A break above 87.73 will offer a 90.00 objective. Additional support is found at 84.70, which if broken would negate the inverted flag formation. Probabilities favor the bears.