ARNA bulls failed to follow through on the previous week's semi bullish accomplishments, having seen red all week except for a brief moment on the opening bell on Monday when the stock traded unchanged. The stock closed near the lows of the week and further downside below last week's low at 1.45 is expected to be seen. The failure to follow through has to be considered a disappointment that is not likely to be undone before the earnings report on February 27th. Short-term pivotal support is found at 1.42 and then a bit stronger between 1.37 and 1.39. Minor but likely short-term pivotal resistance is found at 1.51 and then a bit stronger at 1.56. On a negative note, the stock built a bearish flag formation on the daily chart this past week with the flagpole being the drop from 1.66 to 1.45 and the flag the trading range the past 3 days up to 1.51. A break below the bottom of the flag at 1.45 would give a 1.31 objective. Probabilities favor sideways trading between 1.45 and 1.60 until the earnings report comes out but if support at 1.42 gets broken, the flag formation will likely cause the traders to short additional positions and would make 1.31 a viable target.

BWA generated a new buy signal, having closed on Friday above the previous high weekly close at 41.10. The stock closed on the highs of the week and further upside above last week's high at 41.65 is expected to be seen this week. If the bulls can get the stock above 41.98 this week, an additional buy signal will be given as well as a break of the top of a bullish flag formation that offers a 48.06 objective to be reached within a period of 5 weeks. The key to accomplishing the objective of the bullish flag would be the intra-week resistance at 44.35 that is a level that if broken offers "open air" above until the 200-week MA, currently at 48.25, is reached. To the downside, support is found at 40.25 and pivotal at last week's low at 39.70. The chart suggests that the bulls are now committed to the upside and that it needs to happen this week. I will be purchasing additional shares if a breakout occurs. The order is at 42.08 on a stop limit basis. Probabilities favor the bulls.

CCJ generated a positive reversal week after a better than expected earnings report, having made a new 5-week low and then closing in the green and near the high of the week's trading range, suggesting further upside above last week's high at 11.33 will be seen this week. Resistance above is found at the bottom of the gap between 12.56 and 11.42 and a bit more but minor at 11.52. Nonetheless, if the bulls can get the stock above 11.52 there is no resistance except minor at 11.98 and getting up to that level would probably mean the gap up at 12.56 would be targeted. Support is now decent as well as pivotal at 10.31/10.34 that if broken would negate the recent bullish uptrend. The weekly chart suggests that a rally up to 12.50-12.60 will occur but upon arrival at that level, new questions will surface regarding continuation of the uptrend. Probabilities favor the bulls this week.

CLF made a new 28-month intra-week and weekly closing high on Friday and the stock closed near the highs of the week, suggesting further upside above 11.70 will be seen this week. In addition, the stock closed above the 200-week MA, currently at 10.75, for the first time in 57 months and if the breakout is confirmed with another green close next Friday, it would suggest a new mid-term uptrend has begun. Nonetheless, there are some concerns this week given that the previous 28-month intra-week high is 11.70 and the stock stopped there and retreated $.90 cents from that level at the end of the week, meaning there is selling interest at that price. In addition, most stocks do not establish a break of such a long-term MA line the first time around, meaning that this coming week will be pivotal. Nonetheless, the positive is that the rally came off of a much better than expected earnings report, suggesting there is fundamental support for this breakout. The key is definitely the 11.70 level that if broken would suggest further upside will occur, as well as confirmation of the break above the MA line. If that happens, minor resistance will be found at 13.00 (from an old 8-year low weekly close) and then nothing until the 14.14 and 15.68, which represent newer previous low weekly closes. By the same token, above 11.70 there is no previous intra-week resistance until 18.33 is reached and that resistance is minor to possibly decent. Support will now be found at the 10.00 demilitarized zone (9.70-10.30) that if broken would be a negative. The stock gapped up off of the earnings report between 9.52 and 9.95 and given it was off of a fundamental change, the gap is viable and should not be closed, meaning that if 9.52 is seen again, consideration for taking profits should occur on the first rally thereafter. Probabilities slightly favor the bulls this week.

CNX generated an inside week, failing to follow through to the downside below the previous week's low as expected. Nonetheless, the stock closed near the low of the week and further downside below last week's low at 16.90 is expected to be seen, If that does occur but the previous week's low at 16.13 is not broken, it could turn out to be the required/needed retest of that low and from which the mid-term uptrend could resume. Weekly close support remains decent and pivotal at 16.80 and 16.45, meaning that the bulls are committed to generating a green weekly close next Friday or the bears will have a strong chance of getting an edge. Minor intra-week support is found at 16.84 and again at 16.43 and decent as well as pivotal at 16.13. Resistance is minor at 17.59 and minor to decent but short-term pivotal at 17.85. Probabilities very slightly favor the bulls but it is a pivotal week.

ENG made a new 30-month intra-week high at 3.10 but ran into selling interest having gotten up to the 8-year 3-point trend line at that price and being pushed back to close in the lower half of the week's trading range and below the previous high weekly close at 2.88 from 3 weeks ago, suggesting that further downside below last week's low at 2.65 will be seen this week. It is evident that having reached what could now become the 4th point on the 8-year downtrend line that there will be a battle between bulls and bears this coming week given that the past 3 times when the line was reached (or began) that an immediate and decisive move down was seen. Nonetheless, it needs to be mentioned that on a weekly closing basis the trend line has been broken and confirmed (3 weeks in a row above the line) and with the green weekly close on Friday, it has also been successfully tested, suggesting that this time around the end result will be different. Pivotal resistance is now found at 3.10 and likely (but not necessarily) pivotal support is found at 2.50. Probabilities favor the bulls this week but given that the stock will likely trade below last week's low at some point this week, a new high (and break about the trend line) will likely take another week to accomplish.

FCEL generated a positive reversal week, having made a new all-time low at 1.25 and then closing in the green and on the highs of the week, suggesting further upside above last week's high at 1.50 is likely to be seen. This is the first positive weekly reversal seen in the last 8 months and suggests that finally some buying interest is being seen at this low price. The volume spiked up the last 2 days of the week, meaning that the reversal does have "some" legs to it. On an intra-week basis there is no resistance until the 2.00 level is reached but on a daily closing basis, some minor resistance is found at 1.75. The spike in volume does suggest this is at the very least a temporary low. Support is now decent at 1.25. Probabilities favor the bulls this week.

FSLR had a positive week, having gone above the previous week's high and closing in the green which in turn confirms last week's positive reversal and successful retest of the 28.60 low seen in November. The stock closed near the highs of the week and further upside above last week's high at 33.38 is expected to be seen. In addition and on the daily chart, the stock gave a buy signal, having closed above the most recent high daily close at 32.15. 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. Intra-week support is minor at 31.11 and decent as well as short-term pivotal at 30.34. Probabilities now favor the stock rallying up to the 35.52 level where the next decision by the traders will likely have to be made. A rally above 36.41 would be a bullish statement. Probabilities favor the bulls this week but only as far as a rally up to 35.52.

LVLT generated a negative week in which a drop down to the previous 2 spike intra-week highs at 57.08 and 56.66 occurred (dropped down to 56.92). The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low will be seen this week. Nonetheless, on the daily chart, the stock generated a positive reversal day on Friday and an additional green close on Friday, making Wednesday's close at 57.55 into what will likely become a successful retest of the previous spike daily closing high at 57.18, which in turn if confirmed with a rally above Thursday's high at 58.09 would suggest no further downside will be seen. Above 58.09 there is no resistance above until 59.24 and if that happens, the 2-week correction will likely be over. Minor to perhaps decent but short-term pivotal support is found at 56.92 and then minor but definitely longer term pivotal support is found at 56.13. Probabilities slightly favor the bears but the key word is "slightly".

MT reported better than expected earnings on Friday and generated a positive reversal week, having made a new 4-week low but then turning around to close in the green and above the previous week's high. In addition and more importantly, the stock made a new 18-month intra-week and weekly closing high on Friday and closed on the high of the week, suggesting further upside above last week's high at 8.84 will be seen this week. The next intra-week resistance level is found at 9.71 and given that the stock spiked up this week and rallied $1.17 from low to high, the probabilities favor that resistance level being reached this week. Intra-week support is now decent as well as pivotal at 7.67/7.70, meaning that the stop loss can now be raised to 7.57. Probabilities strongly favor further upside and a rally to the bottom of the $10 demilitarized zone. The 200-week MA is currently at 10.30 and that is a line that has not been broken to the upside in 9 years, meaning that it is unlikely that it will be broken at this time (the first time). As such, consideration can be given to taking profits on any rally up to 9.70-10.30 and repurchasing the stock on a correction (likely back down to around 8.45). Then again, with the earnings report out and the stock on a strong bull run, if the bulls can get and close above 10.30 next Friday, re-evaluation of the chart will be the thing to do. Probabilities strongly favor the bulls this week.