CCJ made a new 5-week high and may having given a small buy signal on the weekly closing chart, having closed 1 point above the high weekly close for the same period of time (11.07 vs 11.06). The stock closed slightly in the upper half of the week's trading range, suggesting further upside above last week's high at 11.38 is the most likely scenario for this week. On a negative note though, for the past 26 trading days the 11.34/11.35 level has been a brick wall and though the stock got above that level by 3 points, it was not enough to see it as a break, meaning the bulls have more to do this week. Above 11.38 there is no previous resistance of consequence until the 12.00-12.30 level is reached. As such, further upside above last week's high would likely generate a decent rally. Support is now minor to decent as well as likely pivotal at 10.55. Probabilities slightly favor the bulls.

CLB generated a positive reversal this past week, having gone below the previous week's low and then closing above the previous weeks high. The stock closed on the highs of the week and further upside above last week's high at 115.93 is expected to be seen. The stock followed what oil did and oil closed at a pivotal weekly close resistance level at 50.85, meaning that the close next Friday will decide what oil does for the next few weeks and the same thing applies to the stock. Minor to decent intra-week resistance is found at 116.49 that if broken would suggest the stock could continue higher to the 118.08-118.87 level, meaning that the stop loss should be lowered to 116.59. Friday was also a positive reversal day for the stock which also means that Friday's low at 113.77 is now short-term pivotal support that if broken would weaken the chart. Further intra-week support is found at 112.60 and at 111.65. Probabilities now favor the bulls but it is definitely a short-term pivotal week that depends on what oil does.

CLF generated a positive reversal week, having made a new 18-week low and then closing in the green and near the highs of the week, suggesting that further upside above last week's high at 8.54 will be seen this week. In addition, the stock tested successfully the 200-day MA, currently at 7.70, with a low at that price seen on Monday, followed by 4 days above that level and also successfully tested the previous 19-month daily closing high at 8.11 and from which the most recent rally up to 12.37 occurred. On a negative note though, the bulls did not do enough to negate the sell signal on the weekly closing chart that was given the previous week as a weekly close above 8.41 was needed, meaning that there are still a lot of questions unanswered for this week. By the same token, the positives seen this past week do outweigh the negatives, meaning that the probabilities favor the bulls. A rally above last week's high at 8.54 would likely be a signal to the traders that the stock will continue higher for another $1 as there is no resistance above that level until 9.46 is reached.

CNX generated a failure signal on Friday having closed above the previous low weekly close at 16.44 that generated the drop down to 14.75. The stock closed on the highs of the week and further upside above last week's high at 16.86 is expected to be seen this week. Minor intra-week resistance is found at 17.30 and then stronger and more meaningful at 17.85 that also includes the 200-day MA, currently at 17.70. Intra-week support is now found at 16.13 that if broken would weaken the chart and likely push the stock down to 15.41. Nonetheless, it is important to note that on the weekly chart there is no resistance found until 19.00-19.62 is reached, meaning that the probabilities now favor the bulls and for a nice rally.

ENG generated a rally this past week as well as a green weekly close, suggesting that the selling pressure has abated, at least for now. The stock closed in the upper half of the week's trading range, suggesting that further upside above last week's high at 1.94 will be seen this week. There is minor intra-week resistance at 1.95 but it is minor and the 2.00 level beckons as it is where the now short-term important and pivotal weekly close resistance is found. Above 1.95, there is minor intra-week resistance at 2.09 and minor to decent at 2.28. The stock now shows a confirmed successful retest of the 200-day MA, currently at 1.72, but further confirmation is needed with a break above 1.94/1.95 to bring in new buying interest. History suggests that a rally to retest the recent high at 3.10 is likely to be seen. Pivotal intra-week support is now found at 1.62. Probabilities favor the bulls this week.

FCEL has come to a standstill given that for the last 3 weeks the stock has traded in very narrow trading ranges of less than 15 points between 1.35 and 1.50 and shown no direction on the weekly closes. The 1.25 intra-week low seen 8 weeks ago remains unbroken, as well as the 1.50 high that has not been broken for the past 17 trading days. With the stock closing on Friday at 1.37, the bears have a slight advantage this week.

FSLR continued to deteriorate in value, having made a new 4-year 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 27.08 will be seen this week. On an intra-week basis, there is minor support at 25.66 and then minor to perhaps decent at 24.46. Nonetheless, with the target of $21 given by the recent downgrade, the bulls are fighting a difficult battle to stop the stock from going substantially lower. Nonetheless, between November 2013 and April 2014, a period of 5 months, the stock traded between a low of 24.46 and a high of 36.98 and the probabilities do favor that scenario occurring again. With no support below until 25.66 is reached, the probabilities favor further downside this coming week. In addition and since the 27.60 support level from 2013 got broken this past week, the 29.71 level is now considered minor to decent and likely short-term pivotal resistance. Chart also suggests that for the next 4-6 weeks that the stock will trade between 24.66 and 29.71. Probabilities continue to favor the bears.

LVLT negated last week's failure signal, having generated a green weekly close above the previous high weekly close at 56.90 that was broken last week. The stock closed on the highs of the week and further upside above last week's high at 57.40 is expected to be seen this week. Short-term pivotal resistance is found at 57.74 (57.47 on a weekly closing basis). A rally above that level would open the door for a rally at least up to 59.24. The chart seems to suggest that the stock is now presently in a sideways trading range between $55 and $60 as the traders await further news. Probabilities favor the bulls this week.

MT generated a positive reversal this past week, having made a new 7-week low and then closing in the green on Friday and in the upper half of the week's trading range, suggesting further upside above last week's high at 8.53 will be seen this week. Minor intra-week resistance is found at last week's high at 8.53 and then nothing until 8.83. Minor support is found at 8.28 and short-term pivotal at 8.08. Like with the indexes and most held stocks, it seems the stock may be in a trading range for the next couple of weeks and if that is the case, the 8.00 level is not likely to be broken and if the bulls can get above 8.83, a new attempt at the 200-week MA, currently at 10.20, may be seen. Probabilities slightly favor the bulls this week.

X generated a positive reversal week, having made a new 8-week low but then turning around to close in the green and near the highs of the week, suggesting further upside above last week's high at 34.30 will be seen. In addition, if the stock does go above last week's high, a double bottom at 30.71/30.73 will have been built which should give the bulls strong ammunition to take the stock up to at least the 39.14 high seen in December and perhaps even the 30-month high at 41.83. With Trump strongly supporting U.S. steel, the probabilities favor the bulls. Intra-week support is found at 32.93, at 31.80 and at 31.31. Consideration should be given to purchasing additional shares on dips down to that support area between 32.93 and 31.31 using a stop loss at 30.65. The monthly chart is showing a bullish flag formation with the flagpole being the rally from 15.72 and 41.83 and the flag the drops down to 30.73. Objective of the flag if the top at 41.83 is broken is the $57 level.

XON generated a green weekly close, suggesting that the sell pressure seen the previous 2 weeks has subsided. Nonetheless, the bulls were unable to make a statement this week as the stock did not close above the minor weekly close resistance at 20.19, meaning that things are still unclear for the short term. In addition and even with the green weekly close, the stock generated an inside week and a close very slightly below the midpoint of the week's trading range, meaning that the outlook for this coming week is "up in the air". On a possible positive note, in November 2013 when the stock got down to 17.52 the stock then generated the following week a green close at 19.67 and the week after that the stock got up to 22.87 and the week after that to 23.16, which is the objective of this mention. Given that the action now seems to be mimicking the action then, it means that if the bulls can get above last week's high at 21.00 that further upside with $23 as the objective will become the outlook. By the same token, if last week's low at 18.55 is broken, the probabilities would favor the stock dropping down to at least 17.52. As such, the probabilities this week are a "flip of a coin" with the bulls having a very minor advantage.