ARNA continued to "spin its wheels" having traded once again within the 26 point trading range between 1.56 and 1.82 that has been seen for the past 7 weeks. Nonetheless and on a positive note, the company reported earnings on Tuesday and they were slightly lower than anticipated but the bears were unable to make anything happen and the stock ended up closing the week exactly in the middle of the week's trading range, suggesting that the bears will need additional negatives to break support. Resistance is found at 1.82 that includes the 200-day MA, currently at 1.78. Support is found at 1.56 that if broken would suggest the multi-year low at 1.30 would be tested. Probabilities favor the bulls.

CLB bears were unable to follow through on the previous week's break of intra-week support at 113.12, having gone above the previous week's high. Nonetheless, the bulls were unable to generate a green weekly close and did close on the lows of the week, suggesting further downside below last week's low at 115.00 will be seen this week. If that happens but the recent low at 112.60 is not broken, it will be seen as a required and needed retest of that low, which in turn would likely bring in a lot of new buying, especially considering that oil prices are no longer dropping. Minor support is found at 114.79, decent at 113.12 and decent as well as mid-term pivotal at 112.60. Important daily close support is found at 113.49 that includes the 200-day MA, currently at 114.00. Minor intra-week resistance is found at 115.72 and at 117.09 and then a bit stronger between 118.87 and 119.02. Pivotal mid-term resistance is found at 119.89. Probabilities favor the bulls though the stock should head lower at the beginning of the week.

EBAY generated the first red close in the last 7 weeks, suggesting the rally is on pause to get rid of the overbought condition. The stock closed on the lows of the week and further downside below last week's low at 30.89 is expected to be seen. By the same token and on a positive note, the stock seems to be in the process of building a bullish flag formation with the flagpole being the rally from 22.30 to 31.79 and the flag the trading range seen the past 2 weeks with a 30.69 low that could be extended down to the $30 demilitarized zone without negating the flag. A break above the top of the flag would offer a $40 objective. Short-term pivotal support is found at 30.74 that if broken would suggest the $30 demilitarized zone will be seen. Probabilities favor the bears this week but longer term the bulls are in control.

ENG generated an inside week and no follow through to the downside after the stock closed on the lows of the week the previous week after a disappointing earnings report. The stock closes slightly in the lower half of the week's trading range but that doesn't really mean much as the bears were unable to generate any follow through the previous week. Intra-week support remains at 1.07 and resistance at 1.58 and with the stock closing at 1.30 on Friday, it does suggest that the traders will need additional information to break either level. By the same token, the bulls did accomplish a break of resistance prior to the earnings report, meaning the probabilities slightly favor the bulls.

FCEL did see a "mini" pop this past week, suggesting the selling interest seen the past 2 weeks from the negative earnings report has dissipated. Nonetheless, the bulls were not able to generate enough buying to make a statement and the stock closed on the lows of the week, suggesting further downside below last week's low at 5.15 is likely to be seen. The $5 demilitarized zone has to be considered strong support and unlikely to be broken after this past week's action. By the same token, it is evident the bulls do not have much ammunition with which to launch any kind of a rally, meaning that more sideways trading is likely to be seen until a new catalyst is found. Pivotal resistance is found at 5.60 that if broken would suggest the worst is over and that a base from which to launch a rally will have been built. Support is decent between 4.98 and 5.02. Probabilities do not favor either side this week.

FSLR generated a new 3-year intra-week and weekly closing low after a strongly negative earnings report came in on one of the other Solar companies (SPWR). The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 36.83 will be seen this week. Nonetheless, decent to perhaps strong and certainly long-term pivotal intra-week support is found at 35.59 (36.72 on a weekly closing basis) that is highly unlikely to get broken as it would mean that the Solar industry is back to the doldrums that were seen between 2011 and 2013. The daily chart did generate a bounce on Thursday and a drop below Thursday's low on Friday, meaning that if the bulls are able to rally above Friday's highs at 39.12 that a successful retest of the 36.82 low will have occurred. Very minor intra-week resistance is found at 39.70 and a bit stronger at 40.50, which is where the gap between 40.50 and 41.62 is found. On a daily and weekly closing basis, the 40.72-40.81 level is now short-term pivotal as a close above that level would give a failure to follow through signal to the bears. Though probabilities favor the bears this week, the longer term outlook at this price has to be considered a "bargain buy".

GS made a new 13-week intra-week and weekly closing high this past week but closed exactly in the middle of the week's trading range, leaving the door open for some selling interest to occur. The 200-day MA, currently at 163.00, has been a difficult level to break convincingly, given that the stock traded up to the line every day this past week without closing above it in a manner that would suggest the bulls will be able to generate further upside without help from the indexes. The stock is showing a bullish flag formation with the flagpole being the rally from 155.37 to 164.57 and the flag being the trading range down to 161.93 seen the past 5 days. A break above 164.57 would offer a 170.23 objective. By the same token, support is not found until 159.22 and there is an open gap between 158.90 and 159.20 that should be closed at some point, meaning that even though the chart favors the bulls there are still quite a few scenarios that could favor the bears at this time. Probabilities favor the bulls and if the recent high at 164.57 is broken, covering of the short positions would be a must.

HAL went above the previous week's high but then turned around to close on the lows of the week, suggesting further downside below last week's low at 43.65 will be seen. If that occurs, last week's high at 45.05 will become the needed/required retest of the double top at 46.69/46.48, which in turn would suggest the stock would get some new selling interest with the 42.47 level as the immediate objective. Longer term, the stock remains in a bearish pattern, given that it is still trading below the 200-week MA in spite of the new all-time highs made in the indexes. Pivotal support is found at 41.48/41.70 and pivotal resistance at 46.48/46.69. For the time being, it seems likely the stock will continue trading within that trading range.

INTC generated a negative reversal week, having gone above the previous week's high by 4 points and the turning down to close in the red and on the lows of the week, suggesting further downside below last week's low at 34.44 will be seen this week. The red weekly close also generated another successful retest of the decent to perhaps strong weekly close resistance at 35.00. In addition, the stock generated a "small" sell signal, having closed below the most recent low weekly close at 34.66. Important and short-term pivotal support is found between 33.81 and 33.97 that if broken would suggest a drop down to 31.93 will be seen. Resistance is found at 35.66 and 35.93. Probabilities favor the bears.

MT generated a negative reversal week, having made a new 10-month intra-week 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 5.98 will be seen this week. Minor intra-week support is found at 5.41 and minor to decent, as well as pivotal, at 5.33. On a daily closing basis though, support is somewhat pivotal at 6.02. If the stock generates 2 daily closes in a row below that level, the recent uptrend will be truncated and the stock will likely trade sideways for a few weeks. Minor resistance is found at 6.12/6.14 and minor to decent and likely pivotal at 6.55. Probabilities do not favor either side this week.

XOM generated a green weekly close, suggesting the recent selling due to the lower than expected earnings report is waning. The stock closed on the highs of the week and further upside above last week's high at 88.89 is expected to be seen. Intra-week resistance is minor to decent at 90.09 and then nothing until minor again at 91.93. The stock does have a runaway gap between 89.01 and 89.61 that if closed would take away a lot of the selling interest as the breakaway gap between 93.62 and 93.72 would become a target. Oil is moving up and will support the stock. Intra-week support is found at 87.23 and then pivotal at 86.01. It is important to note that the 200-week MA is currently at 89.40 and if the bulls are able to close above that line next Friday, especially if the gap at 89.61 is closed, the bulls will see that as a positive statement and likely get on board.