ARNA continues to trade sideways between 1.35 and 1.67 as it has done for the past 12 weeks. On a slight negative note, the bulls were unable to break a minor intra-week resistance at 1.56 on Thursday, having gone up to that level and then falling back on Friday and in the process building a short-term double high at that price. Nonetheless, the stock closed in the upper half of the week's trading range, suggesting that further upside above 1.56 will be seen this week. The short-term chart (last 4 weeks) is slightly skewed in favor of the bulls, suggesting the top of the sideways trend at 1.67 is likely to be tested first.

CLF generated a positive reversal week, having made a new 6-week low and then closing in the green. Nonetheless, the reversal is not convincing, given that the stock closed on the lower half of the week's trading range, suggesting that further downside below last week's low at 8.28 will be seen this week. There is no previous intra-week support until 7.70-7.87 is reached but on a daily and weekly closing basis, support is found at the previous closing highs at 8.10/8.11. Probabilities favor the bears this week and a drop down to the 8.00 level.

CNX generated a positive reversal week, having made a new 8-week low and then closing in the green and near the highs of the week, suggesting further upside above last week's high at 18.79 will be seen this week. The stock got down to the strong support at 17.13 with a drop down 17.02 which is also where the 100-week MA was located. Resistance is very minor at 18.77 and then slightly stronger at 19.62, which does include the $20 demilitarized zone. Further resistance is found at 20.66 and then nothing until the recent 6-month high at 22.34 is reached. The chart strongly suggests that the $20 demilitarized zone will be seen this week. Longer term chart still suggests the recent uptrend that started 51 weeks ago will continue with a target of reaching the 200-week MA, currently at 26.90. Support is found at 17.86 and at 17.13. A drop back down to 17.86 is likely to be seen this week but probabilities favor the bulls and another green close next Friday.

ENG made a new 25-month intra-week and weekly closing high but found selling interest near the spike high at 2.92 seen in November 2014, having gotten up to 2.89 and then turning down to close still in the green but near the lows of the week, suggesting further downside below last week's low at 2.43 will be seen this week. The stock closed on Friday at a decent level of weekly close resistance between 2.47 and 2.52, suggesting a decent probability of a red weekly close being seen next Friday. The chart suggests a high probability that the stock will get into a trading range between 2.00 and 2.50 for next 5 months, based on weekly closes. Nonetheless, on an intra-week basis and based on the recent volatility being seen, there is still a decent chance that the stock will get up to the 3-point 8-year trend line that is currently at 3.05. Minor support is found at 2.52 and again between 2.20 and 2.24. Probabilities favor the bears this week on a weekly closing basis, but intra-week the door remains open for a spike high at 3.00-3.05 being seen.

FCEL seems to have found some buying interest, having generated 4 green daily closes in a row, having gone above the previous week's high and closing in the green and on the highs of the week, suggesting further upside above last week's high at 2.05 will be seen this week. Nonetheless, until the bulls are able to break above a double high resistance at 2.30, the bears will remain with the short-term edge. Support is found at 1.85 that should hold at this time as a rally up to 2.15 is expected to be seen this week. By the same token, the 200 60-minute MA is currently at last week's high at 2.05 and that line has not been broken for at least the last 10-weeks, meaning 2.05 is an important pivot point this week. Probabilities slightly favor the bulls.

FSLR did not see any follow through to the downside after having closed on the lows of the week the previous week, suggesting the bulls have a very slight edge at this time. Nonetheless, the green weekly close has opened the door for the bulls to make some kind of statement this week if they can get intra-week above 35.52 and close next Friday above 35.11. Minor but possible short-term pivotal resistance is found at 34.51. Pivotal support is now found at 31.94 that if broken would suggest 29.90 will be seen. Probabilities slightly favor the bulls this week but the key word is "slightly".

IBM generated a green week with a close on the highs of the week that suggests further upside above last week's high at 169.92 will be seen this week. The stock closed 40 points above the 200-week MA, currently at 169.05, and got up to the previous high at 169.95 that was seen 5 weeks ago, meaning that any break above the top of the $170 demilitarized zone (170.30) in conjunction with another green close next Friday would mean that the 27-month long-term downtrend is over and that a sideways trend would then be in effect. As such, what the stock does this week is likely to be decisive, at least as far as the longer-term trend is concerned. Minor support is found at 167.26 and stronger and short-term pivotal at 165.25. Stop loss remains at 170.35. Probabilities favor the bulls but it is a pivotal week.

MT generated a green weekly close (the first in 4 weeks), suggesting the recent downtrend may be over. Nonetheless, the stock generated a red daily close on Friday and closed in the middle of the week's trading range, leaving the door open for both bulls and bears to make a short-term statement this week, especially considering that last week's low at 7.25 does not represent any previously established support level. By the same token, the stock is in an uptrend and the overall market is expected to go higher, in conjunction with the fact that commodities in general seem to have turned back toward the upside, meaning the probabilities favor the bulls. Short-term pivotal resistance is at 7.86 and short-term pivotal support is at 7.25.

XOM generated a negative reversal week, having gone above the previous week's high and then closing below the previous week's low. The company received a class action suit by its employees alleging that stock price was inflated between November 2015 and October 2016 due to overstated oil and gas stock reserves. The stock closed on the lows of the week and further downside below last week's low at 87.82 is expected to be seen this week. The stock closed the breakaway gap on the weekly chart and the runaway gap on the daily chart, which does take away the positive action seen when its CEO Tillerson was named as Trump's Secretary of State nominee. The stock closed below the 200-week MA, currently at 89.20, and also broke intra-day the 200-day MA on Friday, currently at 88.10, but closed above that line and in the upper half of the day's trading range, suggesting the first course of action for the week may be to the upside above Friday's high at 88.98. If the bulls can generate a green close on Monday, the effect of the negative news may ebb as a successful retest of the 200-day MA will have occurred and if no follow through to the downside below 87.82 is seen and the stock closes above 89.20 next Friday, the bulls will be "back on the saddle". Short-term pivotal support is found at 86.60 and then mid-term pivotal at 85.08. Resistance will be found at 89.37 and a little stronger at the $90 demilitarized zone. A rally above 90.30 would suggest the news has lost its impact and that the uptrend would resume. Probabilities slightly favor the bears this week.

ZIOP did not follow through to the downside after the previous week's break of the 200-week MA and close on the lows of the week and ended up having an inside week and a green close near the highs of the week, suggesting further upside above last week's high at 5.95 will be seen this week. Nonetheless, the bulls were unable to make a statement, given that the stock still closed for a 2nd week in a row below the 200-week MA and was unable to go above the previous week's high, meaning that the only thing that was accomplished this past week was a pause to evaluate the stock (and the overall market) this coming week. Intra-week resistance is found between 6.14 and 6.24 that if broken would give the bulls the edge, especially if next Friday the stock closes above 6.04. Minor support at 6.37 and pivotal at 6.24. Probabilities favor the bulls at the beginning of the week and for a rally up to 6.14-6.24 but slightly favor the bears for the end of the week, especially if the indexes close in the red next Friday.