AAPL bulls were able to generate additional upside with the help of the index market. The stock closed near the highs of the week and further upside above last week's high at 99.30 is expected to be seen. Nonetheless, the bulls were unable to break above any meaningful resistance, suggesting that the rally was more about the overall market than it was about the stock itself. Minor to decent intra-week resistance is found at 100.72, a bit stronger at 101.53 and short-term pivotal at 101.89. Given that the indexes are likely to start seeing some selling interest this week and that the company reports earnings a week from Tuesday, the probabilities favor further but limited upside with the probabilities of getting above 100.72 being low. Very minor but possibly short-term pivotal support is found at 96.84 and a bit more pivotal at 94.37. Probabilities favor the bulls this week.

ARNA generated an uneventful week, having gone 4 points above the previous week's high and not breaking the previous week's low by 1 point. The stock closed in the middle of the week's trading range, leaving the door open for either side generating some movement this coming week. Intra-week resistance is found at 1.76 that if broken would be a strong sign that the downside is over as a second successful retest on the weekly chart of the 1.30 low will have been made, in addition to breaking a decent intra-week resistance level. Short-term pivotal support is found at 1.56 and stronger and longer term pivotal at 1.48. Probabilities favor the bulls but slightly.

ENG produced an uneventful week, having stayed within the 1.15-1.35 trading range seen the last 5 weeks. The stock closed on the lows of the week and further downside below last week's low at 1.20 is likely to be seen. Nonetheless, as long as the bulls can keep the stock above 1.15, which is the bottom of a bullish flag formation, the outlook remains positive. Intra-week resistance is found at 1.30/1.32, at 1.35 and longer term pivotal at 1.42. Support is found at 1.15, at 1.07 and major pivotal at .97. Probabilities favor the bulls this week but it is unlikely anything of consequence will occur.

FCEL remained with a bearish tone, having generated another red weekly close (5th in the last 6 weeks) and having closed on the lows of the week, suggesting further downside below last week's low at 5.21 will be seen this week. Support is found at 5.02 and major at 4.56. Nonetheless, the bulls have had no success recently, having generated 9 red daily closes out of the last 10 trading days, meaning that something fundamentally positive needs to occur to stimulate new buying interest. By the same token, the $5 level has to be considered strong psychological support, further strengthened by the 32-trading day history in the last year of trading around the $5 demilitarized zone. Probabilities continue to favor the bears but on a very limited basis.

FSLR bears were unable to follow through on the previous week's close near the lows of the week, having generated an inside week with a green close and near the highs of the week, suggesting further upside above last week's high at 47.81 will be seen this week. On another positive note, though small in nature, the bulls were able to close 2 days in a row above a previous daily close support level at 47.06, suggesting that the recent selling interest after the downgrade has begun to subside. The stock is now showing a double bottom on the daily closing chart at 44.23/44.34 that combined with the downgrade objective of $44 has now become a strong support base that will not likely be broken without additional fundamental negative news. Very minor resistance is found at 48.77 and minor to perhaps decent but likely pivotal as well as trend defining resistance is found at 49.18 that if broken would suggest that the downtrend is over. Buying interest should now be seen on any dips down to the $47 level. Probabilities favor the bulls this week.

GS had a strong week, having broken through 2 minor to perhaps decent intra-week resistance levels at 159.00 and at 161.59. The stock closed near the highs of the week and further upside above last week's high at 163.24 is expected to be seen. Nonetheless, the company reports earnings on Tuesday morning before the opening of the market and that earnings report is likely to determine further direction. By the same token, the stock has rallied 15.4% over the past 2 weeks without any company news, suggesting that even if the earnings report is better than expected, that much of the possible upside has been seen. Decent as well as longer term pivotal resistance is found at 168.90 and given that the 200-week MA is currently at 167.60 and that the stock is still below that line, means that the stock is still in a long-term downtrend and that the probabilities do not favor the bulls being able to break above that line at this time, especially given that the recent multi-year low at 138.20 has not yet been tested successfully. As such, the probabilities favor selling interest being seen after the earnings report with the only question is "how high between last week's high at 163.24 and 167.60 will the stock go up to this week?" It should be noted that the 200-day MA, currently at 165.05, has not been broken for the past 9 months and is not likely to get broken at this time either, at least not on a daily closing basis, meaning that new or additional shorts can be considered at 165.00 with a stop loss at 169.00 and a downside objective of at least 148.84, which is a 4-1 risk/reward ratio. Rating on the trade is a 3.75.

HAL made a new 5-week high but the bulls were unable to get above the 14-month high at 46.69 or even close above the 200-week MA, currently at 45.70. The stock closed in the exact middle of the week's trading range as the traders await the earnings report that is due out on Wednesday before the opening of the market. Resistance is found at 46.48 and at 46.69 and support is found at 44.71 and then nothing until 42.94. The stock closed on the lows of the day on Friday and further downside below Friday's low at 45.27 is expected to be seen. If the 44.71 support is broken, the traders will likely await the earnings report with the bias being to the downside. Any rally above 46.69 or close next Friday above 45.70 would be a positive. Probabilities slightly favor the bears.

INTC generated another strong up week and closed near the highs of the week, suggesting further upside above last week's high at 35.30 will be seen this week. Nonetheless, the stock has gotten up to a decent resistance area between 35.00 and 35.56 where the bulls were unable to generate any further upside in September 2014 and in December 2015. Additionally and on a weekly closing basis, the $35 level has been decent to even perhaps strong resistance over the past 22 months, having been seen but not broken on 4 different occasions during that period of time when the bulls were unable to generate any further upside. As such and even though on an intra-week basis further upside is likely to be seen this week, the probabilities favor a red weekly close next Friday. The company reports earnings on Wednesday after the market close. Pivotal support is found between 33.81 and 33.86 that if broken would suggest that a drop down to somewhere between 31.93 and 32.28 would occur, which is an area further supported by the 200-day MA, currently at 32.10. Probabilities slightly favor the bears, at least as far as the weekly close is concerned.

MT generated a buy signal this past week, having closed above the most recent weekly high close at 5.29. In addition, the stock closed firmly above the 50-week MA, currently at 5.25, which is a line that had not been broken to the upside for the past 26 months. The stock closed near the highs of the week and further upside above last week's high at 5.82 is expected to be seen. Intra-week resistance is found at 6.14 that if broken would mean a new 9-month high will have been made, which in turn would be a further and strong signal that the stock is on a short to mid-term uptrend with a possible upside objective of reaching the 100-week MA, currently at 8.20. Minor support is found at 5.47 and decent at 4.96. Probabilities favor the bulls.

NFX made a new 69-month intra-week high last week by 18 points (45.61 vs 45.43) but the bulls failed to generate a break of the weekly close resistance at 44.64, having closed at 44.52. The stock closed exactly in the middle of the week's trading range, suggesting the traders will follow what the indexes do, especially considering that the company does not report earnings until August 2nd. Nonetheless, It does need to be mentioned that there is another intra-week/weekly close resistance, not as strong as the one at 45.43 (44.64 weekly close), at 47.40 (45.60 weekly close) but one that if the stock gets above last week's high could still prevent any runaway buying. The chart suggests that the overall market needs to go substantially higher to generate a true breakout above this 6-year resistance area. As such, I would venture to say the probabilities favor the bears. A break below last week's low at 43.42 would be a decent negative.