ARNA made a new 6-year weekly closing low on Friday and closed near the lows of the week, suggesting further downside below last week's low at 1.34 will be seen this week. By the same token, the bears were not able to break the 1.30/1.32 intra-week low seen in February of last year, meaning that no bear statement was made. On the other side of the coin, the February lows are a double bottom and if the 1.30/1.32 level is seen again, the probabilities will favor a break of that support and a drop down to the all-time intra-week high at 1.21 (1.24 on a weekly closing basis). On a slight positive note, the stock generated a positive reversal day on Friday, having made a new 11-month low and then going above Thursday's high and closing in the green, suggesting further upside above Friday's high at 1.40 is expected to be seen on Monday. Minor resistance is found at 1.50 and short-term pivotal resistance is found at 1.56. Probabilities very slightly favor the bears.

CLF generated an uneventful inside week but a red weekly close was the end result, meaning that a successful retest of the 24-month high weekly close at 9.93 occurred. The stock is now facing a pivotal week, inasmuch as the stock closed on the lows of the week and further downside below last week's low at 8.73 is expected to be seen and if the recent intra-week low at 8.28 is broken, a drop down to 7.70-8.00 is likely to occur. By the same token, if that low is tested successfully and a green close occurs next Friday, a new attempt at the 200-week MA line, currently at 10.90, would likely be seen. The probabilities favor the bears this week.

CNX generated an uneventful week and a close in the middle of the week's trading range, meaning the traders are likely waiting to see some indication of what the Trump administration is going to do and how it will affect the commodity market before making any further decisions on direction. Nonetheless, it is important to note that the stock did go below last week's low and if the bulls are able to get above last week's high at 18.82 this week, a successful retest of the recent 17.02 low will have occurred. Above last week's high there is no intra-week resistance until 19.57-19.62 is reached. Further resistance is found at 19.76 and at 20.26 ($20 demilitarized zone) and then nothing until the recent 19-month high at 22.34. The probabilities favor the bulls and a resumption of the uptrend with a test of the 200-week MA, currently at 26.60, to be seen within the next 6-10 weeks.

ENG ended up generating an uneventful week based on the weekly close that was only 2 points below the previous week's close. Nonetheless, using the daily chart the bulls were able to accomplish several positive things, starting with negating a sell signal that was given on Monday as well as successfully retesting the recent 1.96 intra-week low with a drop down to 2.02 on Monday and 2.16 on Friday. The stock closed near the highs of the week and further upside above last week's high at 2.43 is expected to be seen this week. Resistance will be found at 2.72, at 2.80 and at the recent multi-year high at 2.89. Decent support is found between 1.96 and 2.02. The fact that the bears have not been able to get control of the stock after the spike rally (something they had been able to do in the past) suggests the stock may be at the onset of a bull trend.

FCEL made a new all-time weekly closing low at 1.70 on Friday but the previous intra-week low at 1.60 seen 4-week ago was not broken, meaning that the downtrend has not yet resumed in spite of a lower than expected earnings report. The stock did close on the lows of the week and further downside below last week's low at 1.70 is expected to be seen this week. The 1.70 level is considered a "general" support level and that means that if the bulls can hold above 1.60 and generate a green close next Friday, a bottom may be in place. As such, this coming week seems to be pivotal for the stock. Minor to perhaps decent resistance is found at 2.05 and decent as well as pivotal at 2.30. Probabilities favor the bears but it is a pivotal week.

FSLR was unable to follow through to the upside after last week's close near the highs of the week. The stock generated a red weekly close and near the lows of the week, suggesting further downside below last week's low at 34.10 will be seen this week. Nonetheless, the bulls have been able to establish a mid-term uptrend over the past 2 months and the bears did not do enough last week to diffuse it, meaning the probabilities still favor the bulls. Minor support is found at 34.10 and minor but likely indicative support is found at 33.02 that if broken would break the mid-term uptrend. Minor resistance is found at 35.52 and a bit stronger and likely short-term pivotal at the recent 36.41. Further but old resistance (from Feb2013) 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 generate a weekly close above 37.30, 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. Probabilities slightly favor the bears this week but the mid-term trend is still up.

MT made a new 17-month weekly closing high on Friday and closed near the highs of the week, suggesting further upside above last week's high at 8.30 will be seen this week. By the same token, the 17-month intra-week high at 8.83, seen 7 weeks ago, remains an obstacle the bulls must overcome. On a strong positive note, the 8.83 resistance does not represent any other resistance from the past, meaning that the probabilities are high the level will be broken. Minor support is found at 8.00 and a slightly bit stronger at 7.89. Further support is found at 7.49 and decent as well as pivotal at 7.25. Probabilities continue to favor the bulls and the 11-month uptrend continuing with the $10 objective.

X generated a positive reversal on the weekly chart, having made a new 7-week low but then closing in the green. The stock closed very slightly in the lower half of the week's trading range, suggesting a slightly better chance of going below last week's low at 31.80 than above last week's high at 35.30 but then again, the positive reversal does give the bulls a slightly edge. Either way, the longer term chart is showing a bullish flag formation that strongly favors the bulls, meaning that the stock could fall down to $30 and still offer a high probability of the uptrend taking the stock higher toward the $47-$50 level this year. The only question seems to be the short-term outlook for the stock with 30.24 and 37.41 being the important parameters at this time.

XOM got down to decent to perhaps even strong intra-week support between 84.70 and 85.00 with a drop this past week to 84.59 and reversing direction to close slightly below the middle of the week's trading range. It is evident that this coming week is pivotal for the stock because having dropped down to that level of support, if further downside occurs, the bears will take control for the mid-term. By the same token, if the bulls can take the stock above last week's high at 87.41 some recovery will occur. The decision on direction may come down to whether Tillerson (the CEO of the company) will be confirmed as Secretary of State or not.

ZIOP generated a red weekly close on Friday, making last week's close at 6.04 into a successful retest of the 200-week MA that was broken to the downside 3 weeks prior. The successful retest of the line gives a high probability to the stock now going back to test the $5 level and opens the door for a resumption of the downtrend with a $4 objective. The stock did generate a positive reversal day on Friday, having made a new 13-day low and then turning around to close in the green and on the highs of the day, suggesting the first course of action for the week will be to the upside with a 5.92-5.94 objective. Nonetheless, based on the weekly chart, such a rally should be used to liquidate the positions and wait for further news before considering re-purchasing the stock.