ARNA went below the previous week's low and then closed in the green and in the middle of the week's trading range, meaning that if the bulls are able to get above last week's high at 1.56 this week that a successful retest of the recent 52-week low at 1.34 will have occurred. With the company releasing its earnings report on February 27th, it does look like the action last week (and probably this week as well) was mostly chart building action and clearly setting up support and resistance levels with successful retests of both. It is now evident that a break above 1.66 or below 1.34 will determine the direction for the next 3-6 months. Probabilities favor a 1.45 to 1.61 trading range this coming week.

BWA made a new 13-month intra-week and weekly close on Friday and closed on the highs of the week, suggesting further upside above last week's high at 42.38 will be seen this week. The stock broke out of a flag formation on both the intra-week and weekly closing chart that offers a 2-week objective of 46.44 and a 5-week objective of 47.79. The breakout also means that the 200-week MA, currently at 48.25 will become a magnet. Minor to perhaps decent intra-week resistance is found between 43.72 and 44.35 and minor at 45.85. Nonetheless, the momentum of the stock in conjunction with the momentum being seen in the index market does suggest the resistance levels will not pose much of an obstacle. If the bulls are able to get above 44.35, it should be easy sailing to the $47 level. Pivotal support is now found at Friday's low at 40.66, meaning that the stop loss can now be raised to 40.56. Probabilities strongly favor the bulls.

CCJ confirmed that the previous week's drop down to 10.34 was a successful retest of the $10 level and of the 50-week MA, currently at 10.55, having gone above the previous week's high and then closing in the green on Friday. Nonetheless, the bulls were not able to generate a weekly close in the upper half of the week's trading range, suggesting that resumption of the uptrend may still be a couple of weeks away from happening and that more chart building may be occurring. Daily close support is found at 11.40 and stronger at 10.85. Likely pivotal daily close resistance is found at 12.36. Probabilities favor the stock trading this week between 11.23 and 12.24.

CLB made a new 10-week low and closed on the lows of the week, suggesting further downside below last week's low at 114.00 will be seen this week. The break of support was unexpected and may have some short-term consequences, given that there is only minor support on the daily closing chart between 112.68 and 113.12 but no support on the intra-week chart until 110.00 and no support on the weekly closing chart until the $106-$108 level is reached. In addition, the break of support did not come from weakness in the oil market, meaning that there might be some short-term negative brewing with the company. The bulls need to negate the break this week or face the probability of an additional 5% drop in price. Minor intra-week support is found at 113.12 and at 112.68. The stock gapped down on Friday between 115.15 and 115.00 and the probabilities favor the gap being closed this week. Nonetheless, the 200-day MA is currently at 115.80 and the bulls need to generate 2 daily closes in a row above that line to negate the break, and/or rally above last week's high at 117.61. To the downside, the bulls need to keep the stock above the 113.00 level or the bears will get the edge. Probabilities favor the bears this week but with no evident negative news, fundamentally the stock should be heading higher. Stop loss should remain at 112.50.

CLF made another new 28-month intra-week and weekly closing high on Friday, confirming the break above the 200-week MA, currently at 10.75. Nonetheless, the stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 11.25 will be seen this week. The chart suggests that the probabilities favor a retest of the MA line and that a drop down to 10.75 will likely be seen. Minor intra-week support is found at 10.80 and then on a daily closing basis it is a bit stronger and more meaningful at 10.48 as that was the breakout level. Decent support is found at the gap area that occurred right after the earnings report came out at 9.95. Resistance is found at last week's high at 12.37 but it is considered minor since there is no history of resistance there. Probabilities favor the bears this week and a drop down to 10.-70-10.80 and then resumption of the uptrend the following week.

CNX generated a somewhat uneventful week, having trading in a small trading range between 17.37 and 16.78. The stock did close in the lower half of the week's trading range and further downside below 16.78 is expected to be seen. Nonetheless, the probabilities favor this minor weakness being a retest of the 4-month at 16.13 and once that occurs and is a successful one, the bulls will likely get the edge back. The parameters are clearly set right now with 16.13 being pivotal support and 17.85 being pivotal resistance. Any trading between those levels will be considered chart building. Probabilities favor the bears this week but slightly and with no break of pivotal support.

ENG bulls were unable to break above the 8-year 3-point trend line that had been reached the previous week with the rally up to 3.10 and the stock dropped 18.2% to close on the lows of the week, suggesting further downside below last week's low at 2.50 will be seen this week. The 3-point trend line is now a 4-pointer, which does give it more resistance strength as well as more pivotal power. The 3 intra-week highs that make up the trend line saw drops of anywhere from 20% to 31% before a retest of the previous high occurred, suggesting that the stock will drop down to somewhere between 2.13 and 2.48 this coming week and then reverse back up to retest the 3.10 high where the traders will decide if the downtrend is to continue or a break is to occur. Going back 9 years, there is decent intra-week support at 2.41 and at 2.19. Intra-week resistance is found at 2.72, at 2.89, at 2.96 and strongly pivotal at 3.10. Expect the stock to trade below last week's low this week and then rebound with one of the intra-week resistances seen above targeted. Decisions regarding the longer term outlook of the stock will likely be made within the next 2-3 weeks. The bears still have the longer term edge but the action seen getting to the trend line is different than it was in the past, suggesting the end result may be different this time.

FCEL generated follow through to the upside this past week, confirming that the previous week's rally was more than a 1-week pause in the downtrend. The stock did close in the lower half of the week's trading range, suggesting that further downside below last week's low at 1.50 is likely to be seen this week. By the same token, building a bottom does require some type of successful retest of the low and that means that a drop down to the minor support built at 1.40 is likely to occur this week. What happens thereafter will decide whether the 1.25 low is a bottom (albeit possible a temporary one) or not. Minor but short-term pivotal resistance is found at 1.80 and minor support at 1.40 and decent at 1.25. Probabilities slightly favor the bears this week but on a mid-term basis, it is likely that the stock will bounce back up to the 2.00-2.30 level where longer term pivotal resistance is found.

FSLR generated the 3rd green weekly close in a row, suggesting that the bears will need some negative news to re-stimulate the downtrend. By the same token, the bulls have also been unable to make a statement of strength, meaning that there are still question marks about what the Trump Administration will mean to the solar energy industry. The stock closed near the highs of the week and further upside above last week's high at 35.47 is expected to be seen. Minor to perhaps decent resistance is found at 35.52 and decent as well as short-term pivotal at 36.41. A break above 36.41 would be a positive short-term statement that would suggest the stock will at least move up to the $40 level. Intra-week support is now minor to decent at 31.94 and short-term pivotal at 31.11. Probabilities favor the bulls for a rally up to at least 35.52 if not up near to 36.41 but getting above 36.41 will be the question for the week.

LVLT generated an inside week but extended its recent correction on the weekly closing chart, having closed in the red and near the lows of the week, suggesting further downside below last week's low at 57.03 will be seen this week. Important weekly close support is found at 56.90 as that was the previous 9-year weekly closing high that got broken to the upside 7-weeks ago and a close below that level would give a failure signal, meaning that the bulls need to generate something positive this coming week in order to keep the buying interest strong. Minor to perhaps decent but certainly short-term pivotal support is found at 56.92. Below that level, there is minor to perhaps decent support between 55.98 and 56.18 and then nothing until 54.75. Minor but short-term pivotal resistance is found at 58.19. The bulls will need to "thread the needle" this week, keeping the stock above 56.92 while trying to rally the stock above 58.19. Probabilities slightly favor the bears.

MT made a new 18-month intra-week and weekly closing high on Friday but the stock closed slightly in the lower half of the week's trading range, suggesting a slightly higher possibility of going below last week's low at 8.95 than above last week's high at 9.29. The stock generated a weekly gap between 8.84 and 8.95 that will likely be targeted for closure though the gap was generated after a better than expected earnings report. Nonetheless, the stock is getting near the 200-week MA, currently at 10.30, and selling interest will likely continue to increase as that level is approached. The key for this week is the support at 8.95 which is also last week's low. If the bulls are able to keep the stock above that level and rally above last week's high at 9.29, an attempt at the $10 demilitarized zone will likely occur. Closure of the gap at 8.84 would likely bring about a drop down to 8.45 which is the only intra-week support (minor) found on the chart. Probabilities for this week are evenly split but still favor the bulls for short term and a rally up to the $10 demilitarized zone.

X made a new 28-month intra-week and weekly closing high and closed near the highs of the week, suggesting further upside above last week's high at 40.45 will be seen this week. Decent intra-week resistance is found at 42.25 and then nothing until stronger resistance is found at 46.55. Nonetheless, on a weekly closing basis, the $40 demilitarized zone does pose a difficult obstacle for the bulls to break. If able to do so next Friday, a rally up to at least 45.19 will become a high probability. The stock did break out of a bullish flag formation that offers a 52.79 objective to be reached within 6 weeks, meaning that the bulls will need to be successful this week in generating follow through and at least breaking above the intra-week resistance at 42.25. Intra-week support is now pivotal at 38.03 as a drop below that level would give a failure signal that would be seen in a strong negative light. In fact, consideration should be given to moving the stop loss up to 37.93. Probabilities favor the bulls.