BWA had an uneventful week but having gone above the previous week's high and generating a green weekly close, the bulls remained in control. The stock closed in the middle of the week's trading range, meaning that neither the bulls nor bears have a decided edge. The company reports earnings next Thursday morning and that will likely be the catalyst for movement. Resistance is the top of the bullish flag formation at 41.98 and support is the bottom of the flag at 38.90. Probabilities favor the stock trading within that range the first 3 days of the week and then breaking out or breaking down. Chart suggest the former is the most likely scenario.

CCJ received a negative piece of news regarding a shipment cancelation notice and dropped 19% from high to low this past week. The stock closed near the lows of the week and further downside below last week's low at 10.50 is expected to be seen. Nonetheless, the stock has been strongly supported the past 4 weeks and has seen increased volatility, suggesting a change of trend is taking place, probably because commodities are garnering new attention under the Trump Presidency. Intra-week support is minor to decent between 10.31 and 10.41 that is likely to hold up, especially considering that after the negative news came out on Wednesday, the bears were only able to push the stock down from 11.02 to 10.50 on Thursday and were unable to push it lower at all on Friday. Further support on a daily closing basis is found at the 200-day MA, currently at 10.23. Simply stated, the news is now likely factored into price and it is highly unlikely much further downside will be seen. Minor resistance is found at 11.05 and just a tiny bit stronger at 11.25 and then nothing until 12.42. The stock gapped down on the news from 12.56 to 11.42 and if the gap is closed, the sell pressure will likely disappear. Probabilities favor slight weakness at the beginning of the week with a drop down to 10.31 and then recovery by the end of the week.

CLF had an uneventful week, having traded within the trading range seen the past 7 weeks between 8.28 and 9.99. The stock closed in the middle of the week's trading range, also suggesting that neither the bulls nor the bears have a decided edge for this week. Like with BWA, the company reports earnings on Thursday morning and it is likely the traders will take their queue on direction based on the report. To the downside, minor support is found at 8.45 and short-term pivotal support at 8.28. To the upside, short-term pivotal resistance is found at 9.30 that if broken would suggest the recent sell pressure will ebb. Further resistance is found at 9.42, a bit stronger between 9.99 and 10.14 and decent at 10.90. The mid-term uptrend remains intact, meaning the bulls have a slight edge as far as probabilities are concerned.

CNX reported a disappointing earnings report and made a new 20-week intra-week low immediately thereafter. Nonetheless, the day after the earnings report, the SPX Ratings Agency increased their rating on the company to a B+ (from a B) and the bears were unable to follow through to the downside, with the stock rallying from Tuesday's low at 16.13 to a high of 17.33 seen on Friday. The stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 16.13 will be seen this week. Nonetheless, the bears were unable to close the stock below the 2 low weekly closes of the past 6 months at 16.80 and 16.45, meaning that the mid-term uptrend has not been broken. In addition, the stock got down to both the 50 and 100 week MA's, both currently at 16.35, but did not break those lines on a weekly closing basis, also suggesting that the weakness seen probably has a very short life. On a negative note though, right after the earnings report the stock broke the 200-day MA, currently at 17.37, and that break has not yet been negated, meaning that the sell interest is likely to continue at the beginning of the week. The MA will be the key to the stock this week because if the bulls can generate a confirmed close above the line any 2 days in a row this week, the sell pressure will likely go away. On an intra-week basis there is no resistance until 18.77 is reached. As such, the bulls will need to close the stock above 17.41 to say they accomplished a positive. Support is decent at 16.13/16.14 and decent again at 15.41. Though the probabilities slightly favor the bears and a break below last week's low, the double low at 16.14/16.13 as well as the bounce seen after the rating upgrade gives the bulls a 50-50 chance of accomplishing something positive this week.

DIOD generated a second positive reversal week in a row, having made a new 9-week low but then closing in the green and on the highs of the week, suggesting further upside above last week's high at 25.47 will be seen. The stock also generated a positive reversal the previous week but no follow through was seen. Nonetheless, the previous week the stock closed slightly in the lower half of the week's trading range and this week it closed on the highs of the week, suggesting this reversal will likely "bear fruits". The bullish flag formation remains in place but with the lower part of the flag now being at last week's low at 24.45, the objective of the flag (should the top of the flag at 27.17 get broken) is now 30.34. The stock did give a buy signal on the daily closing chart on Friday and if confirmed with a rally above 26.21, the recent high at 27.17 would then likely be tested and probably broken. Support is now decent as well as pivotal at 24.48/24.45 where a double low is now in place. Stop losses should now be placed at 24.35.

ENG bulls failed to follow through on the previous week's strong rally and close near the highs of the week and generated an uneventful inside week but with a close near the lows of the week, suggesting further downside below last week's low at 2.64 will be seen this week. The stock is finding selling interest as it nears the 3.00 level and likely will find even more as the 3-point 7-year trendline, currently at 3.15, is reached. Minor support is found at 2.64 and then nothing until minor again at 2.51. Minor resistance is found at 2.89 and then slightly stronger at 2.96. Probabilities favor a bit more of the same sideways trading being seen the next couple of weeks with 2.50 as the bottom of the trading range and 3.00 as the top.

FCEL continued the slide down, having made a new all-time intra-week and weekly closing low at 1.40. The stock closed on the lows of the week and further downside below 1.40 is expected to be seen. The stock now shows 16 days in a row of lower highs than the previous day and until that trend ends, the bears will remain in "total" control.

FSLR generated a positive reversal week, having made a new 8-week low at 30.34 and then turning around to close in the green and near the highs of the week, suggesting further upside above last week's high at 32.28 will be seen this week. If the stock does go above last week's high, last week's low will become a required successful retest of the 28.60 low seen in November. The stock came within 2 points of generating a new sell signal on the monthly closing chart, having dropped down to 30.34 on Tuesday (the last day of the month) and the 46-month low being 30.32. To the upside and on an intra-week basis, minor resistance is found at 33.49, minor to perhaps decent at 34.28, minor to decent at 35.52 and decent at 36.41. To the downside and on an intra-week basis, minor support is found at 30.85 and then minor to decent but likely short-term pivotal at 30.34. A rally above 32.38 this week will likely cause the sell pressure to ebb and likely help generate a rally up to the 34.28 level. Probabilities favor the bulls this week.

LVLT generated a negative reversal week, having made a new 16+-year high and then going below the previous week's low and closing in the red. The stock closed in the lower half of the week's trading range and further downside below last week's low at 58.42 is expected to be seen. The likely reason for the negative reversal was the psychological resistance at the $60 demilitarized zone. Having gotten up to 60.12 but with the earnings report due on this coming Wednesday after the market close, the bulls were not able to generate additional buying interest. By the same token, there was no follow through to the downside on Friday after Thursdays low for the week and as such, the first course of action for the week is likely to be to the upside. It is unlikely that anything of consequence will happen in either direction until after the earnings report. Intra-week support is found at 58.42 and pivotal at 57.92. Minor resistance at 59.30, a bit stronger at 59.84 and decent at 60.12. Probabilities continue to favor the bulls due to the strong uptrend in place.

MT generated a second red close week in a row but then only by 20 points (2.5%) and without any support levels (even minor ones) breaking. As such, it can be said it was an uneventful week. The stock closed in the middle of the week's trading range, meaning direction for the week will likely be generated by what the commodity market does. The midterm trend remains bullish but the stock has been trading sideways for the past 9 weeks and will likely remain that way until more news about inflation and infra-structure spending comes out. Minor but likely short-term pivotal support is found at 7.70 and then decent and pivotal at 7.25. Minor resistance is found at 8.17, a bit stronger and short-term pivotal at 8.40 and decent and longer term pivotal at 8.83. Probabilities favor the stock trading another week between 7.70 and 8.30.

X generated a positive reversal week, having made a new 9-week low and then turning around to close in the green and near the highs of the week, suggesting further upside above last week's high at 34.92 will be seen this week. The company reported earnings this past week and though they were better than expected the stock sold off and closed on the lows of the day on Wednesday. Nonetheless, on Thursday, Bank of America upgraded the stock from neutral to buy causing the stock to rally and make the high of the week. Adding to all of this, the low for the week was 30.71 and that is only 14 points above an important intra-week support at 30.57, suggesting that the chart is now fulfilled regarding a retest of support. Intra-week resistance is found at last week's high at 34.92 that if broken would mean the 7-week downtrend is over and that an attempt to resume the uptrend would begin. Intra-week support is found at 32.93, at 31.80 and at 31.31. Probabilities favor the stock showing some weakness on Monday with a drop down to at least 32.93 but then turning around and having a strong week.

XOM made a new 17-week low and generated the 7th red weekly close in a row after the class action suit of the employees started. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 82.54 will be seen. On a small positive note though, the last 2 days of the week were green closes after the stock got down into an area of longer term support importance between 82.29 and 82.76, having gotten down to 82.55 on Wednesday. The 2 green daily closes suggest that there is some buying interest at this level and that it is not likely the stock will continue lower unless some new problems arise or oil turns back down. The stock closed on the high of the day on Friday and further upside above Friday's high at 83.72 is expected to be seen. There is very little resistance above until 85.10 is reached and it is likely the traders will push the stock up to that level sometime this week. Nonetheless, what happens there will likely dictate what happens longer term. Pivotal resistance is found at 85.96 that if broken would suggest the worse is over and that the 200-day MA, currently at 88.20 will be visited. Support is found at 82.76, at 82.55 and at 82.29. If 82.29 is broken, the probabilities would strongly favor the $78-$80 level being reached. Probabilities are about even for this week.