AKS fell strongly this past week after Citigroup cut worldwide Iron Ore forecasts by 10% this past week. The stock fell 25% in value (from 5.40 to 4.05) and caused the stock to make a 15-month low at 3.82. Lower ore prices, especially in a market that is overflowing with Steel, is likely to keep the stock down below $5 for the next 6-12 months, or until such a time that demand increases or supply decreases. The stock closed near the lows of the week and further downside below last week's low at 3.82 is expected to be seen. Support is found at 3.42 and it is unlikely that level will be broken at this time. It should be mentioned that from November 2012 to November 2013, the stock traded between a low of 2.76 and a high of 4.90 with 90% of the trading occurring above 3.42. It is likely the last week's response was overdone as the stock dropped 25% in value though iron ore is only supposed to drop 10% in value. As such, after some follow through to the downside, the probabilities do favor a rally back up to the $5 demilitarized zone with 4.70-4.90 being the most probable upside objective. Weekly close support is found at 3.57, meaning that somewhere between 3.42 and 3.57 there is likely to be some buying interest. Nonetheless, the long positions should be liquidated on a rally back up near the 5.00 level as it is unlikely that the stock will recover past that level for some time.

AMZN made a new 12-week intra-week low at 285.25 but the bears were unable to break the 16-month weekly close support at 287.06, having rallied the stock at the end of the day on Friday. The stock did close in the lower half of the week's trading range and further downside below last week's low at 285.25 is likely to be seen. Nonetheless, the stock closed on the highs of the day on Friday and the first course of action for the week is likely to be to the upside and above Friday's high at 290.79. Resistance is found at 295.99 and stronger between 301.50 and 303.19, which does include the 200 60-minute MA, currently at 302.50. The trade was supposed to be a day trade but the close on the highs of the day suggested it be kept over the weekend. Nonetheless, with the probabilities favoring a lower low than last week, any rally on Tuesday should be used to liquidate the positions, especially if the stock gets up to the $300 level.

AREX generated a small but positive reversal week, having made a new 4-week low but then closing in the green. The stock closed on the highs of the week and further upside above last week's high at 6.00 is likely to be seen. A rally above 6.00 would make last week's low at 5.01 into a successful intra-week retest of the 5+ year low at 4.28. By the same token, the green close on Friday already generated a successful retest of the previous low weekly close at 5.16. A daily close above 7.09 and/or a weekly close above 6.98 would generate a buy signal for the stock. The stock has been on a long-term downtrend since February 2012 and a strong mid-term downtrend since June of last year. Nonetheless, this area between 4.60 and 6.40 has been steadfast support in the past and the probabilities do favor the stock having found a bottom and generating at least a good short-covering rally. A weekly close above 6.98 should stimulate a fast rally up to the $10 level. This stock bears watching and adding positions on dips.

ARNA bulls were unable to generate follow through to the upside after the previous week's strong rally. The stock had an inside week and a close near the lows of the week, suggesting that further downside below last week's low at 5.13 is likely to be seen. Nonetheless, on the daily chart, the stock seems to be building a bullish flag formation that if broken (a rally above 6.28) would offer an 8.08 objective. The bottom of the flag is presently at 5.10 but a drop down to 5.00 would still keep the flag viable. The stock did close near the highs of the day on Friday and the first course of action for the week is likely to be to the upside above Friday's high at 5.50. The 200 10-minute MA, currently at 5.60, is a likely objective for Tuesday. A failure to get above that line and confirm the break (on a 10-minute basis) will bring disappointment and likely cause selling to be seen and a drop below last week's low. The big question for the week will be "how low will the stock drop". The 200-day MA is currently at 4.92 and the previous high daily close from which the breakout occurred is at 4.70, meaning that both of those levels are possible downside objectives. Additional purchases can be considered at any of those prices as the stock has strong probabilities of going higher short-term and even more long-term. Weekly close support is found at 4.53 and any weekly close below that level would be considered a negative.

ENG made a new 11-week low this past week and inched closer to the gap at 1.59 with a low last week at 1.65. The stock did close in the lower half of the week's trading range and further downside below 1.65 is likely to be seen. The probabilities have increased that the gap will be closed which would take some bullishness away from the chart but would not be sufficient to turn the stock negative. Support of consequence is found at 1.50 and if the gap is closed that level would be unlikely to get broken as the stock previously traded down to that price for a period of 2 months without the bulls being able to break the support. A rally above last week's high at 1.82 would suggest that the downside sell pressure is over and with the stock closing near the highs of the day on Friday, it would suggest the bulls will have first crack at breaking resistance rather than the bears taking the stock lower.

FCEL took a strong leg down this past week but I was unable to find any news that could have generated the fall, likely meaning that the fall was chart oriented due to the break of the 200-week MA the previous Friday. The stock fell 21% in value (from 1.43 to 1.13) and did make a new 8-month low at 1.05, having broken the minor to decent support at 1.28 and the decent support at 1.12. Nonetheless, the bulls were able to garner enough buying at the end of the week to keep the stock at or slightly above the 1.10-1.14 daily and weekly closing support that is of some consequence. Intra-week support is found between 1.02 and 1.04 that held the stock up for over 4 months and from which a rally up to 2.41 was seen, suggesting that the stock may find a bottom this week at that level and begin to recover. With no tangible news to generate the selling interest and with the company presently showing 3 buy recommendations and 1 hold recommendation from much higher prices, it would seem to be an attractive purchase this week if the 1.02-1.04 levels are seen. The stock is due to show a profit in 2016 and each earnings report is also supposed to show better bottom lines as the reports come out. Next earnings report due in March. Resistance will now be decent between 1.39 and 1.43. A weekly close above the 200-week MA, currently at 1.45, would be a strong positive.

FSLR made a new 16-month intra-week and weekly closing low on Friday but the rate of descent has slowed considerably as 6 weeks ago the stock got down to the $40 level and since then the bears have been unable to generate inroads of consequence to the downside. The stock did close on the bottom half of the week's trading range and further downside below last week's low at 39.81 is expected to be seen. Nonetheless, the $40 demilitarized zone (39.70-40.30) is likely to continue to hold the selling down to a minimum and if oil prices start to stabilize, a rally could occur. Pivotal resistance is found at 45.39 and general psychological support should be found at the bottom of the $40 demilitarized zone at 39.70.

GIGM generated the 8th red weekly close in a row and in the history of the stock that has only happened once before in 2008 at the height of the recession when the stock fell from 12.88 to 5.85 over an 8-week period of time. The stock though, has reached a level of weekly closing support between .80 and .83 cents that stood up for 7 months and did generate a rally up to 1.49, suggesting that further downside will now be very difficult to achieve. Having closed at .82 cents on Friday, the probabilities strongly favor a green close next Friday. Very minor resistances are found at .89, at .93, and at .98. The next decent resistance is found at 1.00. The stock did close near the lows of the week and further downside below .81 is expected to be seen. Intra-week support is found at .80 and at .78, suggesting that one of those levels will be seen this week but that by next Friday a rally will occur that would generate a green close.

PACB generated a new 41-month intra-week high at 8.77 but the bulls were unable to bring in new buying and the stock fell back to close in the lower half of the week's trading range and only 3 points above the previous week's close, suggesting that some selling or profit taking interest will be seen this week and that a drop below last week's low at 7.47 will occur. Minor support is found at 7.36 and the strong weekly close support is found at the previous 3-year weekly closing high at 7.19. Strong support continues to be found at 6.25. Minor to perhaps now decent resistance will be found between 8.10 and 8.20. Consideration can be given to taking some profits at that level and looking to rebuy the stock either around 7.06 which is where a gap is found (6.99-7.06) or around 6.50 to 6.60 which is where the next support level is found if the gap is closed. Long-term the outlook remains the same with at least a $10 objective, but short-term the stock might get itself into a trading range mini correction.

QRVO has not yet traded enough to be able to make a good chart evaluation and with it now being 2 companies merged as one, it is difficult to use the old RFMD charts to evaluate the stock. Nonetheless, using the 10-minute chart, the stock has built a double bottom at the 63.02/63.11 level and the stock did close near the highs of the day on Friday and just slightly above the mid-point of last week's trading range, suggesting that the stock is likely to rally at the beginning of the week and also more likely to go above last week's high at 67.99 than below last week's low at 63.11. Support is found at the 65.00 level which does include the 200 10-minute MA, currently at 65.10. Resistance is found at 66.42, at 67.59 and at 67.99. Further resistance is found 69.69 and strong at 71.30. A break below 63.02 would now be considered a negative and possible reason for liquidation.

VHC generated a new 4-week low at 4.66 but then turned around to close still in the red but near the highs of the week, suggesting further upside above last week's high at 5.25 will be seen this week. The stock did generate a daily close on Tuesday at 4.86, followed by 3 green closes, that suggests the downside objective of a close around the 4.95-5.06 level has been fulfilled. Minor resistance is found at 5.65, a bit stronger at 6.11 and then even stronger between 6.80 and 6.85. Nonetheless, the stock seems to have fulfilled is downside objectives and built a support base from which rallies can occur, suggesting the traders will now be keying on the upside and the resistance levels above. The 100 and 200 60-minute MA's, currently at 5.25 and 5.10 respectively, have been pivotal for the stock during the last 10-weeks, especially the 100 60-minute MA. If that line is broken and the break confirmed on Tuesday, traders are likely to key on the upside and a rally next week to the 6.00 level. Any break below 4.66 would now be considered a negative, meaning a stop loss at 4.56 can now be used.