ADSK generated a negative reversal week, having made a new all-time high and then closing in the red. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 70.85 will be seen this week. Intra-week support is found at 70.85 and 70.58 and then nothing until minor support is found at 66.76. Important and pivotal support is found at 65.06. Pivotal resistance is now found at 73.40. A hard stop loss should now be placed at 73.50 because if the stock makes new highs, there is nothing to stop it from heading higher. The 70.50-70.58 level seems will be indicative support this week. It is likely to be seen but if the bears are not able to break it, buying interest will return. By the same token, a break of that level is likely to take the stock down to at least 68.87 if not all the way down to the 67.00 level. Probabilities slightly favor the bears this week. ARNA continued to inch higher with the 2.05 level as the main objective for this week. The stock closed on the highs of the week and further upside above last week's high at 1.90 is expected to be seen. Support is now decent as well as pivotal between 1.67 and 1.70. Probabilities favor the bulls this week.

CLB followed through on the previous week's spike rally and close on the highs of the week with an additional .8% rally (about $1). The stock once again closed near the highs of the week and further upside above last week's high at 114.33 is expected to be seen. The stock is trading at an important and pivotal level as the 100-day MA is currently at 113.30 and that is where the stock closed on Friday. In addition, the 50 and 100 week MA's are also all in that area, adding strength to the resistance, at least on a daily and weekly closing basis. Intra-week there is resistance between 114.29 and 114.33 and then nothing of consequence until the 117.00 is reached. The chart suggests that further upside will occur but it is likely dependent on what oil does and oil also closed at an important resistance area at 49.63. Minor intra-week support is found at 111.63, a bit stronger and short-term pivotal at 110.35 and then nothing until the 107.52/107.96 level is reached.

COF extended its uptrend, having generated the 3rd weekly green close in a row and the 12th out of the last 15, generating a 28% rally from the 58.02 low seen in June. The 28% rally means that the 15-month downtrend is over and now the question is whether the stock has started an uptrend or whether a sideways trend is what will now ensue with the main objective being a drop back down to the $67 level. The entire area between 72.87 and 73.83, all based on weekly closes, has proven to be pivotal resistance for the past 30 months. This week is pivotal, given that a red close will make last week's close at 73.05 into a successful retest of the 200-week MA, currently at 72.65, while a green close above 73.83 will generate a buy signal. The stock did close in the upper half of the week's trading range, suggesting further upside above last week's high at 74.07 will be seen this week. Intra-week resistance of some consequence is found at 74.35, meaning that if that level is broken, the bulls will get a strong edge. A hard stop loss at 74.45 should be placed.

ENG generated a successful retest of the weekly close breakout area, having closed in the green on Friday, making last week's close at 1.51 into a successful retest of the previous high weekly close at 1.50. The stock closed on the highs of the week and further upside above last week's high at 1.59 is expected to be seen. With the successful retest of the breakout area, the bulls should target and break the recent 1.73 high (within the next couple of weeks) with the objective of reaching the stronger intra-week resistance at 1.88. Intra-week support is now found at 1.49 and pivotal at 1.44. Monthly chart suggests a 2.92 to as much as 3.80 objective to be reached within 6-12 months.

FCEL generated a negative reversal week, having made a new 3-month intra-week high and then closing in the red and on the lows of the week, suggesting further downside below last week's low at 5.21 will be seen this week. Short-term pivotal support is found at 5.20 that if broken would suggest that the 4.98-5.02 level of decent support will be re-visited. Intra-week resistance is found at 5.60 and at 5.67. Chart suggests the stock is in the process of building a strong rounded bottom formation but that it is likely that another 3 months of base building will occur. The 5.20 level is short term pivotal but not likely to be longer term indicative. Chart suggests the stock will trade between the $5 level of support and up to the 200-week MA, currently at 5.80, for the rest of the year.

FSLR bulls were unable to follow through to the upside this past week in spite of the strong spike up rally and close on the highs of the week the previous week. It is evident the resistance at the $40 demilitarized zone and up to 40.72 remains strong enough to hold the rallies down. The stock closed on the lows of the week and further downside below last week's low at 37.23 is expected to be seen this week. Decent and likely to hold support is found between 36.72 and 36.83 that is likely to be seen this week. It is likely that the stock is in the process of building a new support base given that the previous one at 35.45 (36.72 on a weekly closing basis) was recently broken. By the same token, the fact the stock 2 weeks ago broke above a meaningful intra-week resistance at 39.31 suggests the downtrend has ended. I expect to see a positive reversal week, with the stock getting down to 36.72 and turning around to close in the green next Friday, possibly with a 49.31 objective for the week.

GOOGL confirmed that the breakout/new all-time high seen 3 weeks ago has failed, having generated a 2nd red weekly close in a row below the previous all-time high at 807.05. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 796.23 will be seen this week. Minor intra-week support is found at 796.23, a bit stronger between 786.83 and 787.33 and pivotal at 783.50. Below that, there is no intra-week support until 770.00 is reached but on a weekly closing basis, pivotal support is found at 780.00. Resistance is found at 810.89 and at 813.33. Chart looks slightly bearish with a possible and perhaps even likely downside objective of $787 for this week. With the put option expiring in 2 weeks, a drop down to that level this week could be used to consider taking the small profit that would likely be offered.

GS has rallied 7.2% over the past 6 trading days after the stock got down to the 200-day MA, currently at 158.65, and generated a successful retest of that line. The stock got above a recent intra-week resistance level of some consequence at 169.35 and did close on the highs of the week, suggesting further upside above last week's high at 169.98 will be seen this week. Nonetheless, this rally is pivotal, given that the recent 10-month high at 172.40, represents an important weekly close resistance area and as such, this rally is likely to determine whether an uptrend has begun and much higher prices will be seen, or whether this rally is the last rally and a short-term downtrend will be seen with the first objective being another retest of the 200-day MA. Intra-week resistance will be found at the top of the 170.00 demilitarized zone (at 170.30). Stock reports earnings on Tuesday October 18th and as such, probabilities favor the stock likely trading between 164.51 and 170.24 this week.

HON fell 6% in value due to lowered sales projections from the company that were released on Friday. The stock broke all support levels built over the past 7 months and closed at the previous all-time high weekly close from May 2015 at 106.84 (stock closed on Friday at 106.95. The stock did close near the lows of the week and further downside below last week's low at 105.25 is expected to be seen. Nonetheless, what will be important this coming week is whether the stock closes in the red or in the green next Friday, as a red close will give a failure signal and a green close will generate a rally over the next couple of weeks, back up to 111.65 which is where the 200-day MA is currently located. As far as the downside for this week is concerned, there is decent support at 101.28, which if seen should be considered as a good place to take profits.

KGC fell strongly this week, having broken convincingly both the 200-day and 200-week MA's (currently at 3.97 and 4.15 respectively) and closing on the lows of the week, suggesting further downside below last week's low at 3.42 will be seen this week. One possible redeeming factor is that the stock closed at 3.52 which is only 5 points below the important high weekly close at 3.57 that when broken to the upside in April caused the stock to rally up to the 5.82 level. If the bulls can generate a green weekly close next Friday, it will be a positive sign that no further downside will be seen. Nonetheless, at this moment the break that occurred is a strong negative that could cause the stock to go back into a downtrend. Decent but old (from 1993) support is found at 3.37 and then nothing until minor support is found between 2.68 and 2.98. If 3.37 is broken, the probabilities favor the stock getting down to at least 3.00. Resistance is not found until the 200-day MA at 3.97 is reached. Probabilities favor the bears.

MT had a positive week with a green weekly close and near the highs of the week, suggesting further upside above last week's high at 6.43 will be seen this week. Resistance is decent at 6.59 and at 6.94. Support is decent and pivotal at 5.38. The stock did make a new 29-trading day high last week that gives the edge back to the bulls, suggesting that a retest of the 6.59 high is the most likely scenario. Because of getting the edge back, the 6.00 level is once again considered short-term pivotal support. With the stock closing on Friday at 6.29, it is almost a toss-up as to whether 6.59 or 6.00 is seen first. Probabilities slightly favor the bulls.

SINA generated a new 4-week high this past week on good factory data from China but the bulls failed to hold on to the gains and the stock fell back to close on the lows of the week, suggesting further downside below last week's lows at 74.08 will be seen this week. The bulls failed to close the gap up at 80.60 (high this past week was 80.42) and that has to be considered a negative of consequence. Intra-week support is found at 73.61, at 72.76, and at 72.42 that is a level that if broken would likely be catalytic for the short term. Below 72.42 there is very minor support at 69.29 and then nothing until 62.85 is reached. Resistance is found at 78.22, at 79.30 and at 80.43. Probabilities favor the bears. A drop below last week's low at 74.07 will make last week's high at 80.42 into a successful retest of the 33-month high at 85.42 and weaken the chart considerably, suggesting that the support at 62.85 will be targeted. Probabilities favor the bears.