AREX continued the recovery, having generated another green weekly close (the 3rd in a row) and closing in the upper half of the week's trading range, suggesting further upside above last week's high at 2.76 will be seen this week. With oil prices having stabilized around the $45 level, some of the sell pressure has been relieved. Resistance above is found at 3.03 and then nothing of consequence until the 5.00 level is reached. Minor support is found at 2.13 at 1.86 and a bit stronger at the recent low at 1.65. Probabilities favor the bulls.

ARNA made a new 12-day high and closed on the highs of the week, suggesting further upside above last week's high at 2.87 will be seen this week. The second green weekly close in a row does suggest that a bit of a recovery is likely to be seen this week. Intra-week resistance is not found until 3.47 is reached, suggesting that a rally up to that level could be on the short-term horizon. Support is now decent between 2.54 and 2.57. Probabilities favor the bulls this week.

CAT generated another new 5-year low weekly close and at the same time confirmed the break of the important support at 73.84 with a second close in a row below that level. The stock closed on the lows of the week and further downside below last week's low at 71.88 is likely to be seen. Intra-week support is found at 70.23 and down to 69.70 (bottom of the $70 demilitarized zone). Below that level, there is no support until 67.54 is reached. Resistance (likely short-term pivotal) is found at 75.20 that if broken would likely relieve quite a bit of the sell pressure, suggesting that a stop loss at 75.35 can be considered. Probabilities continue to favor the bears.

ENG had a totally uneventful inside week, with the bulls unable to break above the recent and likely short-term pivotal resistance at 1.06 and the bears unable to push the stock back down below 1.00. The stock seems to be stuck right now as the traders await some catalyst. With the stock not sensitive to the indexes, the probabilities continue to favor further sideways trading.

FCEL continued its recovery, having made a new 10-week high, above .95, and back up to the psychological resistance at 1.00. With the earnings report having been mostly non-indicative, the recovery is likely to be mostly short-covering. Nonetheless, the stock has rallied 36% off of the lows and if the bulls can get above and close above the 1.00 level, further upside is likely to be seen with 1.12 being the upside objective, given that no resistance is found above 1.00 until that level is reached. Support is now found between .84-.86 that should not be broken unless the bears have regained control. Probabilities favor the bulls.

FSLR generated a small buy signal, having closed above a minor weekly closing high at 47.80. The stock closed slightly below the mid-point of the week's trading range, meaning that the door is open this week for going above last week's high at 50.46 or below last week's low at 47.50, both likely dependent on what the indexes end up doing. Minor intra-week resistance is found at 51.87 and minor intra-week support is found at 47.03. A break below 47.03 would likely take the stock down to the next support at 45.87. Probabilities favor the stock trading around the $50 level (give or take $3 in either direction) until some new fundamentals come out.

IBM generated a green weekly close, as well as a close in the upper half of the week's trading range, suggesting that further upside above last week's high at 149.04 will be seen this week. Nonetheless, just like with the indexes, the stock has generated a 3 highs the last 3 weeks at 148.97, 148.40, and 149.07 that suggests that the bulls will need fundamental help to get above that area of resistance. In addition, the $150 level has to be considered a strong psychological resistance as well. Minor support is found at 144.51, at 143.32, at 141.85, and decent at 140.62. By the same token, a break of the first level of support at 144.51 is likely to generate a drop down to the 140.62 level. The stock has built a bearish inverted flag formation with the flagpole being the drop from 156.69 down to the recent low at 140.62. A break below 140.62 would offer a 136.55 objective, while a break above 149.04 would negate the flag and likely offer a recovery up to at least the 151.41 level. Probabilities slightly favor the bears.

KMX generated an uneventful inside week as well as a non-indicative weekly close within the $60 demilitarized zone, suggesting the traders are waiting to see what the index market does this week. Minor resistance is found at 61.19, at 61.38, and slightly stronger and more indicative at 62.00. Minor support is found at 58.53, at 58.32, at 56.79 and stronger and more pivotal at 55.26. Probabilities are split evenly among bears and bulls, but the traders will likely decide what to do with the stock based on what the indexes do this week.

LVLT generated an unconvincing green close on Friday, unconvincing since it was only by 21 points above last week's close. Nonetheless, the stock closed near the lows of the week after the traders closed the gap up at 46.09 that did not have any good reason for staying open, suggesting that further downside below last week's low at 44.77 will be seen this week and that the recent downtrend will resume. Very minor support is found at 44.63 and then nothing until the recent lows at 43.07 and 42.89. Minor resistance is found at 45.87 and at 46.24 and a bit stronger and perhaps more pivotal at 46.58. Probabilities favor the bears.

PGR did not see any follow-through to the previous week's break of the psychological support at $30, having closed on Friday back up in that level's demilitarized zone. The stock closed near the highs of the week and further upside above last week's high at 30.42 is likely to be seen. Resistance is found at 30.42 and again at the bottom of the breakaway gap at 30.67. The breakaway gap will be closed if the stock gets back up to 30.87, and that would suggest that the recent all-time highs at 31.42 and 31.57 will be tested. Minor support is found at 29.60, at 29.31, at 29.12 and then stronger at the recent spike low at 27.23. A break below 29.60 though, might be the catalyst for the stock to drop back down to the 28.00 level. Probabilities favor the bulls but if they are unable to close the breakaway gap, the sellers will gain renewed strength.

PHM remained in the trading range between $19 and $21 (based on weekly closes) that has been in effect for the past 20 weeks. The stock did close near the highs of the week and further upside above last week's high at 21.11 is likely to be seen this week. Resistance is found at 21.65 and the pivotal at 22.10. Support is found at the $20 demilitarized zone and then nothing until 19.28 and 18.90. Probabilities slightly favor the bulls this week but if unable to get above 21.65, the selling pressure is likely to resume.

PRAA generated a reversal week, having made a new 6-month low at the 50.03 and then turning around to close in the green and near the highs of the week, suggesting further upside above last week's high at 53.62 will be seen this week. Nonetheless, the bounce was anticipated to happen since the stock reached the main objective of the short-mention, as well as a strong psychological support, suggesting that much of the buying interest was short-covering as well as psychological support buying. Likely short-term pivotal resistance is found at 54.15 that if broken would likely generate a rally back up to the 200-day MA, currently at 56.75. Probabilities favor the bulls getting above last week's high but not above 54.15, and then generating at least a retest of the 50.03 low with a drop down to 52.01 that if broken could cause the traders go get back down to the $50 level.

WMT generated a small short-covering rally, likely in conjunction with the rally in the indexes. Nonetheless, the bulls were unable to negate the break of weekly close support at 67.61, having gotten back up to 67.01 but then falling back to close near the lows of the week, suggesting further downside below last week's low at 63.83 will be seen this week. Though the stock closed in the green, the action suggests the bears remain in total control and that at least a retest of the recent low at 61.50 be seen, if not resumption of the downtrend. Probabilities favor the bears.

XOM generated a small green close on Friday, suggesting that it may have been a successful retest of the recent 5-year low at 72.13. Unfortunately the close was only 20 points above the previous week's close at 72.49, meaning that the bulls will need to generate another green weekly close next Friday to stimulate new buying interest. Minor intra-week resistance is found at 74.68, and 74.91 and then likely stronger and pivotal at 75.98. Minor support is found at 71.85 and at 71.51 and stronger at 66.55. The stock did close near the lows of the week, suggesting further downside below last week's low at 71.80 will be seen. Probabilities favor the stock dropping down to the $70 demilitarized zone during the week but the probabilities also slightly favor the stock turning around to close in the green next Friday above 72.69.