ARNA had an uneventful week as the traders await Monday's earnings report that is due out after the close. If the bulls are able to get above last week's high at 1.52 this coming week, a successful retest of the 1.34 low seen 7 weeks ago will have occurred and then if able to also get above the recent high at 1.66, it will be a bullish statement that a bottom is in place. By the same token, any break of the 1.34 low will likely mean that a new leg down, at least down to the all-time low at 1.21 will be seen. Probabilities slightly favor the bulls but then the decision is based on an earnings report and as such, somewhat unpredictable. The levels to watch this week is 1.34 and 1.66. One of them is likely to get broken.

BWA generated a negative reversal week, having made a new 15-month intra-week high and then closing in the red and near the lows of the week, suggesting further downside below last week's low at 41.23 will be seen this week. In addition, the stock gave a failure signal on the bullish flag formation that was broken the previous week, having closed below the high weekly close of the flag breakout at 41.86. The news of a possible investigation in Delaware of the Board of Directors may have been the cause for the weakness seen this past week. A break below the most recent intra-week low at 40.66 or a daily close below 41.38 would confirm the failure. A close of the gap seen on Friday between 42.34 and 42.05, in conjunction with a daily close above 41.86 would negate the failure signal and suggest the uptrend will resume. Probabilities favor the bears this week as the guidelines of the flag formation breakout have been broken. Nonetheless, since the weakness was based on news, if the news goes away, the stock may resume the upside trend. Consideration can be given to raising the stop loss to 40.56.

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 happening. 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.

CLF generated a red week and a close in the lower half of the week's trading range, suggesting further downside below last week's low at 10.17 will be seen this week. Nonetheless, the weakness was not unexpected given that the stock 2 weeks ago broke out above the 200-week MA, currently at 10.65, and that was a line that had not been broken for the previous 57 months, as such highly likely to be retested. The stock closed just slightly above the line and if a green close is seen next Friday, a successful retest will have occurred and that could give the bulls additional ammunition to resume the uptrend/breakout. The stock generated a positive reversal day on Friday, having made a new 10.day low and then closing in the green and near the highs of the day, suggesting further upside above Friday's high at 10.96 is likely to be seen on Monday. If that occurs, it will also become a successful retest of the breakaway gap between 9.52 and 9.95. Intra-week resistance is found at 11.70 that could be pivotal in resuming the uptrend if broken. Closure of the gap at 9.52 would be a negative. Probabilities slightly favor the bears for a drop down to 10.00 or even perhaps down to 9.70 this coming week but last week's action was enough to fulfill the required retest of the MA line and of the breakaway gap, meaning that further downside is not a high probability.

CNX continued the recent downtrend, having generated the 4th red close week in a row and making a new 25-week intra-week low. In addition, the stock gave a new sell signal on the weekly closing chart, having closed below the 8-month low weekly close at 16.44. The only remaining positive is that the 7-month intra-week low at 15.41 has not been broken yet, though the probabilities favor it being seen or tested this week. On a positive note, the stock fundamentally should not be experiencing this kind of weakness, given that it is an energy company that has coal and natural gas as its main components and with Trump talking about helping the coal industry, the company's gas drilling efficiency/cost having improved over 120% in the past 2 years, and inflation prospects growing, this is a company that is likely underpriced at this time, especially considering it was trading at $119 in 2008. Nonetheless, the bulls have to do something this week as a break below 15.41 would likely generate new selling interest and a drop down to the next support level of consequence around $13. The bulls need to generate a green close next Friday and above 16.44 to negate this past week's break. Short-term pivotal resistance is found at 17.30 and longer term pivotal resistance is found at 17.85. Probabilities favor the bears but this is a pivotal week.

ENG followed through to the downside this past week and generated another red weekly close and closed near the lows of the week, suggesting further downside below last week's low at 2.07 will be seen this week. The drop seen this past week has additionally strengthened the now 4-point 8-year trend line that was tested 2 weeks ago with the rally up to 3.10. Nonetheless, the stock is now reaching a level of support at 2.00 that is considered decent to perhaps even strong and having gotten down to 2.07 this past week, if further downside below that level is seen, it probably will be minimal as the intra-week support at 1.99 should not be broken if the fundamental reasons for the rally from .64 to 3.10 remain viable. Minor but short-term pivotal resistance is now found at 2.43 and then nothing until 2.72. Support is found at 1.99. The stock has seen 7 days in a row of red daily closes, which has not happened once in the last 52 weeks. With no news or change of fundamentals seen last week, the probabilities favor a turnaround in the stock this week.

FCEL generated an uneventful week, having traded in a 17-point trading range. Nonetheless, the stock did have a slight bearish bias as each day this past week was a lower high than the previous day. The stock closed near the lows of the week and further downside below last week's low at 1.50 is expected to be seen. As it is, there has yet to be a successful retest of the 1.25 low on either the daily or weekly chart, meaning that if the stock gets below 1.50 this coming week, that such a retest could be in the process of occurring. Minor intra-week support is found at 1.40 and resistance is found at 1.80. Probabilities favor the bears this week but only for a drop down to 1.40. If that occurs and the stock generates a green close next Friday above 1.53, it will be said the retest of the lows is done and that a bottom has been set.

FSLR generated a second buy signal on the weekly closing chart, having closed above the previous high weekly close at 35.75 and closed near the highs of the week, suggesting further upside above last week's high at 38.50 will be seen this week. In addition, the stock closed on Friday above the 46-month low weekly close at 36.72 that when broken to the downside brought about the drop down to 28.60, meaning that a failure to follow through signal was given that signals an end to the 11-month downtrend. To the upside, there is minor intra-week resistance at 39.31, minor to perhaps decent at 40.33 and decent at 42.90. Intra-week support is now decent as well as pivotal between 33.49 and 33.74. The stock is facing an important week given that there is a gap between 38.60 and 40.32 that occurred off of an earnings report in November and closure of that gap will signal that the fundamental negatives of that report have been negated. In addition, the 200-day MA is currently at 39.35, given that gap area additional resistance strength. Closure or non-closure of the gap will be what the traders will key on this week. With the stock having moved up 13% from low to high last week, momentum is on the side of the bulls. Nonetheless, this is the level (the gap area) where the bears need to make a strong stand. Probabilities slightly favor the bulls but they do have a lot to accomplish.

LVLT generated a green weekly close on Friday that suggests that the previous week's close at 57.30 is now a successful retest of the previous 8+-year high weekly close at 57.20. Unfortunately, the stock generated an inside week, the higher weekly close was only by 31 points and the stock closed in the lower half of the week's trading range, suggesting that not only further downside below last week's low at 57.31 will be seen this week but that the bulls were unable to make a "clear statement" that the selling interest has waned. In addition, the chart seems to suggest that a bearish inverted flag formation is now in place with the flagpole being the drop from 60.12 to 56.92 and the flag the trading range seen the last 11 trading days back up to 58.18. A break of the bottom of the flag at 56.92 would offer a 53.92 objective. It is evident that this stock is at a short-term crux point with 58.19 and 56.92 as the pivotal levels on the intra-week chart. On a daily closing basis, it is 57.20 and 58.01. Probabilities actually slightly favor the bears this week based on the short-term chart but favor the bulls on the longer term chart.

MT generated a negative reversal, having made a new 18-month high and then closing below the previous week's low and on the lows of the week, suggesting further downside below last week's low at 8.58 will be seen this week. The last negative reversal was in August and it caused the stock to be in a correction for 6 weeks and took the stock down 18.4%. A correction of the same magnitude this time would mean a drop back down to at least the 7.59 level. The key level this week will be 8.45 as there is some minor but short-term pivotal support at that price. The stock is finding increased selling interest as it gets near 10.00, not only from a psychological perspective but also from the 200-week MA that is currently at 10.30. That line has not been broken for the past 9 years, meaning that the probabilities are highly unlikely that it will be broken the first time around. It does look more likely at this time that the stock may get into a trading range between 7.00 and 10.00 for the foreseeable future (3-6 months) and as such should be considered now a "tradeable" stock rather than a buy and hold stock. As such, consideration can now be given to liquidating positions on rally up to and above 8.83. Probabilities favor the bears this week.

X generated a negative reversal week, having made a new 28-month intra-week high and then closing in the red and below the previous week's low. The stock closed near the lows of the week and further downside below last week's low at 35.71 is expected to be seen this week. The negative reversal was likely caused by a lawsuit that the company submitted this past week in Minnesota to stop a permit denial in that state until the company resolves some of the costly environmental issues that would make the company less competitive. Nonetheless and from a chart perspective, the stock also got up close to a decent intra-week resistance at 42.25 (got up to 41.83) and with the indexes showing some weakness, the sellers used the news to take profits, both from a chart and fundamental basis. The red weekly close also made the previous weeks close at 39.80 into a successful retest of the weekly close resistance at 40.00, which was not an unexpected event. In spite of the negative reversal week the bears did not accomplish generating any sell signals or failure signals, given that the stock did not break any previous low daily or weekly closes and still closed above the previous high weekly close at 36.06 and only broke the previous high daily close at 37.49 by a few points. The stock was able to bounce back from Friday's lows to close in the upper half of the day's trading range, suggesting the first course of action for the week will be to the upside. Friday's high was 38.06 and if that gets broken on Monday there is no resistance until 39.14. By the same token, the 39.14 will have some increased importance this week as a resistance level that would either prove or disprove that the fundamental news that caused the stock to sell off is truly negative to the company or not. To the downside, support is not found until the 33.76/33.89 level is reached and that support is minor to perhaps decent at best. Decent to perhaps strong support is found at 30.57/30.71. As long as Trump continues to push for infra-structure spending and using U.S. steel, the outlook for the company will remain positive. Probabilities slightly favor the bears this week but the negatives seen this past week are fundamentally based and not clearly defined, meaning that the stock could recover "on a dime". The longer term outlook remains bullish for the stock.