AREX generated a negative reversal week, having gone above the previous week's high and then closing below the previous week's low, suggesting further downside below last week's low at 2.32 will be seen. Much of the negative reversal is fundamentals, due to the $3 drop in price seen in the crude oil market. Intra-week support is found at 2.32, at 1.86 and at 1.65. Resistance is found at 2.78 and stronger at the now double top at 3.03/3.02. Chart suggests the stock will retest the 1.86-2.00 level as the traders look for a successful retest of the all-time low at 1.65.

ARNA generated a mini negative reversal, inasmuch as the stock made a new 4-week high but then closed in the red and on the lows of the week, suggesting further downside below last week's low at 2.78 will be seen this week. Intra-week support is found at 2.62 and at the multi-year low at 2.54. Resistance is found at 2.99. Probabilities do favor the bears this week but it was expected that a retest of the recent lows would occur at some point before new buying is seen. The 2.70 level is a likely downside objective but if the bulls are able to keep the stock from making a new low over the next 2 weeks, the stock should rally thereafter.

CAT generated a negative reversal week, having gone above the previous week's high and then closing below the previous week's low and on the lows of the week, suggesting further downside below last week's low at 71.61 will be seen this week. In addition, the stock made another new 5-year low weekly close, suggesting that the downtrend continues. The next intra-week support level found on the chart is at 67.54, though it is likely that some buying will be seen as the $70 psychological support level. Nonetheless, should the stock break the 67.54 support, the next support of consequence is not found until the $60 level is reached. Probabilities favor the bears this week.

ENG generated a positive reversal week, having gone below the previous week's low and then closing above the previous week's high. The reversal will also accomplish a successful retest of the 2-year low at .88 if the stock gets above last week's high at 1.08 this week (likely). The chart shows no resistance above until the 1.28-1.31 level is reached, suggesting that will be the upside objective over the next 2 weeks. Decent support is now found at .96. Probabilities favor the bulls.

FCEL failed to get above the psychological resistance at 1.00 and closed on the lows of the week, suggesting further downside below last week's low at .88 will be seen this week. By the same token, it was anticipated that at some point the stock would test the all-time low at .64 as no successful retest of that low has been seen yet on the weekly chart. On a weekly closing basis, decent support is found at .84 and on an intra-week basis support is found at .80/81. Resistance is found at 1.00, at 1.06, and at 1.14. Probabilities favor the bears this week but overall the stock seems to have found a bottom and new buying should appear after the retest of the lows has occurred.

FSLR generated a negative week after having reached the important psychological resistance at $50 the previous week. The stock closed on the lows of the week and further downside below last week's low at 45.08 is likely to be seen. The stock does have "some" sensitivity to the index market and will likely see some selling should the indexes head lower (likely). On a weekly closing basis, support should be found at 44.05, which is where the 200-week MA is currently at. Minor to perhaps decent Intra-week support is found between 44.62 and 44.03. Further and stronger intra-week support is found at 41.56. Probabilities favor the bears for this week but the chart suggests the stock has found the low of the move and that after a week or two of further selling pressure (though likely not strong) that the stock will turn back around to the $50 level at least.

IBM generated a negative reversal week, having gone above the previous week's high and then going below the previous week's low as well as closing at the low of the previous week and near the lows of the week, suggesting further downside below last week's low at 143.98 will be seen this week. Minor support is found at 143.32, at 141.85, and decent at 140.62. By the same token, the stock gapped down on Friday between 147.30 and 146.38 and given that a previous gap between 148.70 and 147.68, considered a runaway gap, had been closed a couple of weeks ago, it does suggest this gap is a new runaway gap since the original breakaway gap between 172.14 and 166.35 has never been closed. Resistance is now minor to decent at 148.97/149.04 and decent as well as pivotal at 149.68. Probabilities favor the bears and the downtrend resuming with a downside objective of $133/$134 to be reached within the next couple of weeks.

KMX generated a successful retest of the pivotal daily close breakdown point at 62.00, having closed on Thursday at 62.06 and then generating a red close on Friday. The successful retest of the breakdown point suggest the stock will resume the recent downtrend, especially since the stock gapped down on Friday between 61.68 and 61.53, making the gap a possible runaway gap when added to the breakaway gap seen in June between 71.72 and 70.88. No previous runaway gap had been seen, meaning that if this gap is confirmed this week that new lows on the move are likely to be seen. Intra-week support is found between 58.28 and 58.55, again at 56.79 and at the recent 9-month low at 55.28. Below that level, there is no support until minor support is found at 54.08. Below that level, there is some previous high support around the $53 level and then nothing until the 200-week MA, currently at 46.70. Resistance is now decent at last week's high at 62.98. Probabilities favor the bears.

PGR made a new all-time intra-week high at 31.70, above the previous high seen 5 weeks ago at 31.57. Nonetheless, the bulls were not able to generate any new buying interest and the stock closed near the lows of the week, suggesting further downside below last week's low at 30.10 will be seen this week. Another negative is that on a daily closing basis, no new high was made, with the stock closing on Thursday at 31.34 and the all-time high daily close being 31.45. In addition, the bulls failed to close the stock on Friday above either of the 2 previous high weekly closes at 31.28 and 31.03, suggesting that the bulls failed in their attempt and are not likely to see some renewed selling interest unless the stock and indexes turn upward this week. Important and likely pivotal weekly close support is found at 29.27 that has a high likelihood of being seen this week. On a daily closing basis, any close below 30.38 this week will stimulate new selling as no intra-week support is found until minor support is reached at 29.12. Probabilities slightly favor the bears this week.

PHM generated a reversal week, having made a new 4-week high and then closing in the red and on the lows of the week, suggesting further downside below last week's low at 20.44 will be seen this week. Support is decent at the $20 demilitarized zone (19.70-20.30) and then minor at 19.28. Decent support is found at 18.90 and at 18.61 that if broken would suggest the mention's objective of $17 will be reached. Resistance is now decent at 21.47. Probabilities favor the bears.

PRAA got up to a decent intra-week resistance at 56.09 with a rally up to 55.98. Nonetheless, the bulls were unable to generate new buying and the stock closed in the bottom half of the week's trading range, suggesting further downside below last week's low at 53.25 will be seen this week. If that occurs (likely), the recent low at 50.03 is likely to be tested with a drop down to at least 52.92. Further but minor intra-week support is found at 52.23 but below that level there is no support until the $50 demilitarized zone. Probabilities favor the bears for at least some kind of retest of the $50 level. A break below the bottom of the $50 demilitarized zone though, would likely take the stock down to the $47 level and fulfill the mention's objective.

WMT generated a new 3+ year weekly close low on Friday and the stock closed on the lows of the week, suggesting further downside below last week's low at 63.23 will be seen this week. Minor support is found at the recent 3-year intra-week low at 61.50 and then nothing until psychological support is found at the $60 demilitarized zone. Any weekly close next Friday below 62.41 would open the door for not only lower prices but perhaps even a drop down to the $50 level. Short-term pivotal resistance is now found at 67.01. Probabilities favor the bears.

XOM had an uneventful week, at least based on weekly closes, as the stock has now seen 3 weekly closes in a row at 72.46, and 72.69, and at 72.68. Nonetheless, the stock did close on the lows of the week and further downside below last week's low at 71.76 is likely to be seen, suggesting that the recent multi-year low at 66.55 will be retested as that has not yet happened and is likely to occur. Psychological support is likely to be found at the $70 demilitarized zone but on a daily closing basis, there is no support until 68.70 is reached. Weekly close support though, is found at 72.13 that if broken would suggest the stock will head down to the 69.31/69.80 level where decent weekly close support is found. Probabilities favor the bears this week, but it is highly likely the low for the recent downtrend has been found and that after a week or two of some selling interest that the stock will begin to move higher.