ARNA made a new 8-month intra-week low and generated a sell signal on the weekly closing chart, having made a new 5-year weekly closing low on Friday below the 1.48 level seen in September. The stock closed near the lows of the week, suggesting further downside below last week's low at 1.35 is expected to be seen. With the next weekly close support level not found until the 1.24-1.27 area is reached, it is expected that is now the target. Intra-week support from earlier this year is found at 1.30 but that level is expected to be broken based on the weakness recently seen and that the overall market is presently under sell pressure, suggesting that drop down to the 1.21-1.27 level is now on the agenda for the immediate future. By the same token, the stock did spend an entire year trading between 1.21 and 1.75 without that level of support breaking even once though the lows were seen on 4 occasions, suggesting that even though further downside is expected to be seen, the support at 1.21 (1.24 on a weekly closing basis) is not likely to be broken anytime soon.

COF followed through to the downside after the previous week's negative reversal and closed exactly on the 200-week MA, currently at 73.00, that had been broken to the downside the week before. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 71.91 is expected to be seen. By the same token, the traders left the door open for a rally should be election results be considered a positive for the market (unlikely either way). Intra-week resistance is found between 74.07 and 74.35. Intra-week support is found at 71.91, at 70.50 and decent at 69.49. The 200-day MA is currently at 69.02 and is a line that will likely determine direction for the next couple of months if seen and broken or holding. Probabilities favor the bears with a downside target of $67 to be reached within the next 2-4 weeks. By the same token, if the intra-week support at 66.10 is broken, the $60 level will be targeted.

ENG reported earnings but the stock made no moves up or down after the report, suggesting that there were no fundamental changes announced. The stock did close on the lows of the week and further downside below last week's low at 1.30 is expected to be seen. Decent intra-week support is found at 1.28 that is expected to hold but if broken and confirmed would be considered a decent negative that would likely push the stock back down to the 1.00-1.20 level over the next few months. Weekly close resistance is now found at 1.48 that if broken would suggest the uptrend that started in January would continue. Probabilities favor the bulls, though a drop down to 1.28 is likely to be seen. The weekly close support at 1.31 is considered more important than the intra-week support at 1.28, meaning that with the close on Friday at 1.32, a green close next Friday would be a positive.

FCEL continued the recent downtrend, having made another new all-time intra-week low at 2.70 and closing near the lows of the week, suggesting further downside below that level will be seen this week. There is no downside objective, given that these are all new all-time lows. Minor but possible short-term pivotal resistance is now found at 3.20 that if broken would suggest a rally up to the bottom of the gap area between 4.10 and 5.10 would be seen. Nonetheless, until some fundamental buying interest is found, probabilities favor the bears.

FSLR generated a new 42-month intra-week and weekly closing low this past week and closed on the lows of the week suggesting further downside below last week's low at 32.41 will be seen this week. The company reported better than expected earnings but gave a lower outlook for 2017 and as such received downgrades from several rating agencies (one from $68 to $48). The next intra-week support level is found at 29.87, which is from December 2011 and given that in that year the stock traded down to 29.89 and then up to 50.20, it is possible and maybe even likely the same type of action will occur this time, especially considereing that the new upside target of the rating agencies is $48. As such, probabilities do favor the bears this week for a drop down to the $30 demilitarized zone but a turn around by the end of the week and a green close next Friday.

GS generated a negative reversal week, having made a new 11-month high but then closing in the red and near the lows of the week, suggesting further downside below last week's low at 174.73 will be seen this week. Immediate downside objective for this week has to be the 200-week MA, currently at 171.25, especially considering that there is also a decent intra-week support from October 2013 at that same price. Nonetheless, below 171.25 there is no intra-week support until 167.49 and below that there is nothing until 161.53. With the stock overbought, having built no support on the 6-week run from 157.77 to 179.17, and the index market likely heading lower, the probabilities strongly favor the bears. In fact, one of the reasons that the stock acted better than the indexes this past week was likely the gap area up at 180.03 (179.84 on the weekly chart) that the bulls were trying to close. Failure to close the gap leaves a long-term bearish formation and that is something the bulls were trying to prevent. The probabilities of the gap being closed now have diminished strongly, meaning that if the indexes start heading lower and the stock does the same, it could outperform the market to the downside this week.

HON generated a red close week and went below last week's low for the first time in the 4 weeks, suggesting the recovery phase is over and that the downtrend will now resume. The stock closed on the lows of the week and further downside below last week's low at 108.01 is expected to be seen. Minor intra-week support is found at 107.41 and then nothing until the double low found only on the daily chart at 105.25/105.26. Intra-week resistance is found at 110.12 and then short-term pivotal at 110.87. Resumption of the downtrend would offer a $100-$101 minimum downside objective but given that the chart was already looking negative prior to the mini recovery phase, the chart suggests the stock could get at low as the 200-week MA, currently at 96.45. Probabilities favor the bears.

KGC generated a positive week that was more meaningful since there was no follow through to the downside from the previous week's negative reversal. The bulls were able to rally the stock to close above the 200-day and 200-week MA and close on the highs of the week, suggesting further upside above last week's high at 4.27 will be seen this week. The rally was likely a reaction to the expectation that the election results, whatever they may be, may make Gold more attractive. Pivotal intra-week resistance is found at 4.61 that if broken would be a strong positive chart signal. By the same token, any red close next Friday below the 200-week MA, currently at 4.03, would mean that the election results do not favor Gold. Short-term pivotal support is found at 3.82 and short-term pivotal resistance is found at 4.37. An intra-week break below last week's low at 3.70 would put the stock back on a negative bias. Probabilities slightly favor the bulls.

MT had an uneventful inside week but did close on the lows of the week, suggesting further downside below last week's low at 6.50 will be seen this week. Minor intra-week support is found at 6.46, at 6.27, at 6.08 and short-term pivotal at 6.00. Intra-week resistance is found at 6.79 and pivotal at 6.90-6.94. It is still a bit of a mystery how commodities will react to whoever is elected and this is a commodity based stock. Suffice it to say that anything about $7.00 or below $6.00 would be indicative and anything in the middle would be non-directional.

SINA generated a strongly negative week, having made a new 12-week low and breaking convincingly all the support levels built during that period of time. The stock closed on the lows of the week and further downside below last week's low at 67.70 is expected to be seen. The stock finds itself in a vacuum of support, given that the stock rallied straight up after the last earnings report from 57.50 to 85.25 without building any support on the way up. Old intra-week support from 2011 is found at 64.81 and from 2014 and 62.85, but recently there is no support until the gap area created after the August earnings report between 58.62 and 59.79 is reached. As such, it can be said with some certainty that if the "general" support at 67.00 is broken, that either 64.81, 62.85 of even the $60 demilitarized zone are targets. To the upside, there is resistance at 72.44 and then possibly pivotal on a daily closing basis as 73.83.