ARNA continued to trade sideways between 1.35 and 1.67 and over the past 6 weeks the trading range has even gotten smaller as it has traded between 1.37 and 1.56 with weekly closes at 1.41, 1.46. 1.53. 1.42, 1.51 and 1.42 (Friday). The bears remain with a small edge but the key word is "small". The company does not report earnings for another 3 weeks and as such, the probabilities favor another 3 weeks of the same sideways action. An intra-week break below 1.35 or above 1.56 would give some short-term direction.

CLF generated another green weekly close and closed very slightly in the upper half of the week's trading range, suggesting a higher possibility of getting above last week's high at 9.99 than below last week's low at 8.37. The 200-week MA, currently at 10.97, remains a magnet as well as decent to strong resistance, especially given that the 26-month high at 10.90, seen just 7 weeks ago gives added strength to the line. Intra-week support is found at 8.70 and at 8.57 that given the action seen recently are not likely to be broken though they may be seen. In fact, the probabilities favor the stock generating a trading week between 8.70 and the top of the $10 demilitarized zone at 10.30.

CNX generated a seemingly reluctant green weekly close, given that the stock closed only 14 points higher than the previous week's close and only broke above the previous week's high by 7 points. Nonetheless, the stock once again closed near the highs of the week and further upside above last week's high at 18.82 is expected to be seen, especially since there is no intra-week resistance until 19.57-19.62 is reached. The stock now shows a successful retest of the recent 17.02 low with a drop down to 17.94 on Monday, followed by 4 higher lows each day after that. By the same token, the seemingly reluctant rally this past week suggests that even though the bulls have a slight edge, any upside advances are likely to be toiled.

ENG generated a red weekly close, suggesting that selling interest was found as the stock neared the $3 level. The stock did generate a strong 24% drop intra-day on Tuesday and did get down to 1.99, meaning that the decent support at 2.00 was tested successfully, given that the stock then generated 3 days with higher lows. The stock closed slightly in the upper half of the week's trading range, suggesting a slightly higher possibility of going above last week's high at 2.66 than below last week's low at 1.99. The stock did get down to 2.02 on Friday and then rallied to close near the highs of the day, suggesting that on Monday a rally above Friday's high at 2.39 will occur. If that does happen, the 1.99 low will have been tested successful and a rally up to 2.72 will likely occur. The probabilities remain high that the stock will be in a 2.00-2.50 trading range (based on a weekly close) for the next couple of weeks until the earnings report comes out on February 2nd. By the same token, the probabilities still favor the bulls over the bears, especially with the 2.00 level likely having already been tested successfully.

FCEL received a worse than expected earnings report but did not react to it (still closed above the all-time weekly closing low at 1.75 on Friday), suggesting the stock has found a price that seems to reflect what the company is presently valued at. The stock did close on the lows of the week and further downside below last week's low at 1.85 is expected to be seen. Nonetheless, if that occurs and the stock does not break the recent all-time intra-week low at 1.60 (1.75 on a weekly closing basis) and then the following week goes above next week's high and generates a green close, it can be thought that a successful retest of the low has happened and that a bottom to this downtrend is in place. Intra-week support is found at 1.60 but general support is found at 1.70. Resistance is minor at 2.05 and pivotal at 2.30 (2.20 on a weekly closing basis). Probabilities slightly favor the bears this week for a drop below 1.85 but the odds are about even (50-50) that a bottom is in place.

FSLR generated a buy signal on Friday when the stock closed above the previous high weekly close at 35.11. The buy signal is the first given on the weekly chart since February of last year and does strongly suggest that the worst of the downtrend is now over. The stock closed near the highs of the week and further upside above last week's high at 36.41 is expected to be seen this week. Minor to perhaps decent (but old - from Feb2013) resistance is found at 36.98 that is strengthened by the "general" resistance found at 37.00. In addition, there is a previous low weekly close from August 2013 at 36.72 that may be paid attention to by the traders, but not necessarily so as it is old and not as important as the previous low weekly close at 40.72 from just 2 years ago. If the bulls are able to close above 37.30 next Friday, it would be a confirmation of the buy signal as well as confirmation of a major low in place and would suggest a rally up to "at least" $40 would occur. Intra-week support is now pivotal at 33.01. Probabilities favor the bulls this week.

IBM generated a red weekly close on Friday, making the previous week's close at 169.53 into a successful retest of the 200-week MA, currently at 168.85. The stock closed slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 165.34 than above last week's high at 169.80. Nonetheless, the company reports earnings on Thursday after the close and the traders will likely take their cue depending on what the report says. As such, a higher high or a lower low of last week's trading range is likely to be strongly indicative. Intra-week support is decent and firmly established at 165.25 that if broken would suggest a minimum drop down to $160 and possibly all the way down to $150. Intra-week resistance is found at the $170 demilitarized zone (169.70-170.30) that if broken would suggest a rally up to at least the $180 level. The 200-week MA is a long term indicator of trend and the stock is presently below that line, meaning the bears still have an edge on the long-term trend. Nonetheless, with the stock and the indexes now reaching a pivotal point, this stock could be a clue this week as to what to expect with the overall market. Probabilities are about 50-50 give or take 1 point in each side.

MT generated a second green weekly close in a row, suggesting the uptrend has resumed after 3-week and 18% correction was seen. The stock closed near the highs of the week, suggesting further upside above last week's high at 8.25 is expected to be seen. Minor resistance is found at Wednesday's high at 8.25 and then nothing until the 17-month high at 8.83 (seen just 4 weeks ago) is reached. Minor support is found at 7.49 and pivotal at 7.25. Chart suggests the uptrend will resume with $10 as the objective.

XOM confirmed the break of the 200-week MA, currently at 89.20, with a second close in a row below the line. The stock closed on the lower half of the week's trading range and further downside below last week's low at 85.86 is expected to be seen. Intra-week support is found at 85.58 and short-term pivotal at 85.08. Resistance is found at 87.43 and then scaled up between 87.99 and 89.37. There are a few fundamental events (such as the class action suit by the employees) that need to be resolved but with oil staying above $50 the bulls still have the edge. Probabilities favor a trading range this week between 85.58 and 87.99 with the low being targeted first. There is an old (from Sep 2013) weekly close support at 86.06 that is important support for the stock. With the stock having closed at 86.35 on Friday and not having broken that level, it does suggest the scenario stated above has a good probability of occurring.

ZIOP had a positive week, having rallied during the week 21% from low to high. The stock did close in the upper half of the week's trading range, suggesting further upside above last week's high at 6.39 will be seen this week. Nonetheless, the bulls were not able to close above the 200-day MA, currently at 6.18, or close convincingly above the 200-week MA, currently at 6.04, having seen the high close for the week at 6.06 on Friday. What this means is that the bulls need to generate a daily close above 6.18 any 2 days in a row this week and a green close next Friday in order to make a statement. Minor but likely short-term pivotal resistance is found at 6.60 and then at 6.88, at 7.32 and at 7.80. Minor support is found between 5.70 and 5.75, minor to perhaps decent at 5.35 and then pivotal at 5.26. With the earnings report due out in 3 weeks, probabilities favor the stock being in a trading range between 6.60 and 5.70 but not making any statement of consequence like breaking and confirming a weekly close above 6.04.