ADSK generated follow through to the downside after the previous week's negative reversal. In addition, a sell signal was given on the daily closing chart, having closed below the previous 3-week low daily close and also closing in the lower half of the week's trading range, suggesting further downside below last week's low at 68.40 will be seen. On a small positive note though, the bulls were able to prevent a failure to follow through signal being given when the stock closed above the previous high weekly close at 68.87, meaning that a top has not yet been confirmed to this rally. Minor intra-week support is found at 66.76 and decent as well as mid-term pivotal at 65.06. Minor intra-week resistance is found at 71.23, decent at 72.80 and strong at the all-time high at 73.40. On a daily closing basis, short-term pivotal resistance is found at 71.08. Probabilities favor the bears this week for an intra-week drop down to at least 66.76 but thereafter direction will likely be decided by what the indexes do.

ARNA had a disappointing week for the bulls, having negated the recent upside breakout with a close on Friday below 1.74 (recent weekly close breakout point). The stock closed on the lows of the week and further downside below last week's low at 1.55 is expected to be seen. Short-term pivotal intra-week support is found at 1.48 then nothing until the 1.30-1.36 level is reached. By the same token, if 1.48 is seen again, a triple low will have been created, suggesting it would be broken at some time in the near future even if a bounce off of it occurs. On a weekly closing basis, support is found at 1.53 and at 1.48 and having closed at 1.55 on Friday, it means that the bulls need to generate a green close or at worst keep next week's close no more than 2 points lower, which in turn means this coming week is pivotal. Intra-week resistance is once again found at 1.70, at 1.73, and 1.77 and at 1.82. On a daily closing basis though, resistance is pivotal at the 200-day MA, currently at 1.70. The failure signal given this week is strongly disappointing and suggests that the bears may be back in control. Probabilities favor the bears.

COF generated a red weekly close, making the previous weeks close at 73.05 in a successful retest of the 200-week MA, currently at 72.75. One "big" additional negative is that the stock gave a failure to follow through on the bullish flag formation that had been broken the previous week, having closed on Friday below the top of the flag at 71.83 (using the weekly closing chart). The failure signal suggests that at the very least the bottom of the flag (69.49 on an intra-week basis) will be broken by the same amount it was broken to the upside (72.77-74.07 = $1.30), giving a minimum downside objective of 68.19. Intra-week support is found at 69.69 and 69.49 and then on a daily closing basis, pivotal at the 200-day MA, currently at 68.35, which by the way fits in with the objective of the failure of the flag. Intra-week resistance is minor at 72.20 and decent at 72.77. Decent as well as pivotal resistance is now found at 74.07. Probabilities favor the bears but I do need to say that based on the short-term chart, consideration should be given to covering the short positions on a drop down to 68.35 as the probabilities would favor a bounce of some consequence (probably up to 72.77) thereafter.

ENG technically generated a negative reversal week, having gone above and below the previous week's high by 1 point and closing in the red and near the lows of the week, suggesting further downside below last week's low at 1.44 will be seen this week. On a positive note, the bulls were still able to close the stock above the 200-week MA, currently at 1.44, and that makes 8 weeks in a row of closes above the line, meaning the bulls are still in control. Intra-week support is found at 1.44 and at 1.40 and then nothing until the important and likely mid-term pivotal support at 1.28 is reached. Minor to perhaps decent intra-week resistance is found at 1.60 and then decent at 1.73. Probabilities seem to favor the bears this week with a decent chance of the bears getting down to 1.28 either this week or in the next couple of weeks. A retest of that important support is likely, especially if the index market is in a corrective phase. This would mean that the recent uptrend would stall for a few weeks before new buying interest would be seen.

FCEL confirmed the failure to follow through signal given the previous week, having generated another red close as well giving a sell signal on the daily closing chart with a new 6+ month daily closing low. The stock closed on the lows of the day and further downside below last week's low at 4.95 is expected to be seen. Like the COF chart above, the failure to follow through signal suggests that the same amount (7 points) seen above the breakout at 5.60 will be seen below the support at 4.88 (suggesting that 4.81 will be seen this week). On a daily closing basis, minor to perhaps decent support is found at 4.92 and decent to strong as well as pivotal at 4.70. Short-term pivotal intra-week resistance is found at 5.40, minor to perhaps decent at 5.50 as well as at 5.60 and stronger at 5.67. Probabilities favor the bears this week.

FSLR generated a green weekly close, making last week's close at 37.23 into the required/needed successful retest of the multi-year weekly closing low at 34.82. The stock closed on the highs of the week and further upside above last week's high at 39.95 is expected to be seen. It is likely the resistance at the $40 demilitarized zone and up to 40.72 remains strong enough to hold the rallies down but having generated a successful retest of the lows the door is now open for a failure to follow through to occur with a weekly close above 40.72. Minor to decent intra-week support is found between 37.23 and 37.47 and stronger between 36.72 and 36.83. Probabilities favor the bulls this week but on a limited basis since closing above 40.72 is not a viable probability for the bulls until after the earnings report comes out on Thursday October 27th.

GOOGL made a new all-time intra-week high above the previous one at 819.06 but failed to generate a new daily and weekly closing high and then closing near the lows of the week, suggesting that further downside below last week's low at 798.62 will be seen this week. If that does occur, a double top on the intra-week chart will occur, likely suggesting that a top to this rally will have been found. Minor intra-week support is found at 798.62, at 796.23/796.62, a bit stronger at 786.33 and mid-term pivotal at 783.50. Minor to perhaps decent resistance is found at 810.39, a bit stronger at 813.88 and decent to strong, as well as longer term pivotal at 819.06/819.86. Probabilities favor the bears this week but it needs to be mentioned that option expiration will occur on Friday and there is a good probability that the $800 put options will expire around that price, meaning that if the stock drops below $790 early in the week, taking profits should be considered.

GS made a new 9-month intra-week high this past week and closed the 172.92 gap that was created on January 5th of this year. Nonetheless, the closed gap was a 3rd gap, meaning that there is no magnet to closing the runaway gap up at 177.50-180.03. The stock did close in the upper half of the week's trading range, suggesting further upside above 172.92 will likely be seen. Then again, the stock closed at the 200-week MA, currently at 170.45, meaning that if the stock closes in the red next Friday, it will be seen as a successful retest of the line and that would be a negative for the stock. The company reports earnings on Tuesday morning and that will likely be a catalyst for what the stock does thereafter. Probabilities favor the bulls for Monday's action but after that it will all depend on how the earnings reports is evaluated. Intra-week support is pivotal at 165.51, minor at 164.50 and then nothing until 160.00 demilitarized zone is reached. Longer term pivotal support is found at 157.80, which does include the 200-day MA, currently at 158.35. Probabilities favor the bears simply because the bulls have not yet been able to break the downtrend, with the stock still below the 200-week MA. In addition, the indexes are showing high probabilities of being in a correction, and it is highly unlikely the stock will be able to "buck the trend in the market".

HON bulls were able to stop the fall seen the previous week off of the lowered sales projections, having generated a double low on the daily chart with Tuesday's low at 105.26 and the previous Friday's low at 105.25. Off of the double low, the bulls were able to generate 4.4% rally and get into the gap between 115.00 and 107.96 with a rally up to 110.07. The stock did close near the highs of the week and further upside above 110.07 is expected to be seen. By the same token, it does need to be mentioned that last week's trading range was more technical than anything, given the low of the week was at the 100-week MA and the high of the week was at the 50-week MA and there were not previous resistance levels built in to that range to prevent the traders from rallying the stock once a support level (though iffy at best) was built. Nonetheless, even if the stock goes higher this week, it will start facing some tough resistance levels, starting with the previous 7-month daily closing low at 111.46 that when broken brought about strong selling, and that is also further strengthened by the 200-day MA, currently at 111.65. As such, consideration should be given to adding shorts if that area is reached. By the same token, the company reports earnings on Friday morning and if the outlook mentioned by the CEO the previous week is confirmed, the stock should renew the downtrend with the $100-$101 level as a viable objective.

KGC did not follow through to the previous week's strong fall and close on the lows of the week, having generated an inside week and a green close. Nonetheless, the green weekly close was only by 10 points and the stock did close near the lows of the week, suggesting further downside below last week's low at 3.51 will be seen this week, meaning that the stock remains under bear control. By the same token, the green weekly close did open the door for a successful retest of the 7-month weekly closing high at 3.57 that will be confirmed as successful if another green weekly close occurs next Friday. Minor but likely short-term pivotal support is found at 3.42 and then nothing until the 3.00 level, meaning that if the bears can make a new 6-month low this week that the selling interest will spike up again. Minor intra-week resistance is found at 3.86 and then decent as well as pivotal, especially on a daily and weekly closing basis, between 4.00 and 4.15. Probabilities favor the bears.

MT generated a small negative reversal week, having made a new 9-week high but then closing in the red and on the lows of the week, suggesting further downside below last week's low at 6.08 will be seen this week. By the same token, no resistance or support levels were broken, meaning that the reversal week was not indicative. Minor intra-week support is found at 6.08, a bit stronger between 5.89 and 5.99 and then minor to perhaps decent at 5.79. Resistance is found at 6.50 and pivotal at 6.59. Probabilities slightly favor the bears this week but the overall the chart slightly leans to the upside for the longer term.

SINA generated an uneventful week with no support or resistance levels broken. Nonetheless and in spite of the green weekly close, the stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 73.42 will be seen this week. Very minor intra-week support is found at 74.08, a bit stronger at 73.42 and decent as well as likely pivotal at 72.42. Intra-week resistance is found at 78.47 and decent at 80.42. The chart now looks fulfilled and it favors the bears.