ARNA generated a green weekly close on Friday and negated the previous week's new 62-month low weekly close. Nonetheless, the bulls were unable to generate a buy signal, having still closed below the most recent high weekly close at 1.51. The stock closed on the highs of the week and further upside above last week's high at 1.49 is expected to be seen this week. Intra-week resistance is found at 1.56 that if broken in conjunction with a daily close above 1.51/1.53 would be a signal that the downtrend is over. The stock did generate 5 green daily closes out of the last 6 days and that is in direct contrast with what the bulls have been able to do over the past 10 weeks, meaning that it is possible that a low to the downtrend has been made. Nonetheless, the bulls have more to do and until that happens, the trend will remain down. Intra-week support should now be found between 1.37 and 1.42. Probabilities very slightly favor the bulls this week.

BWA generated a positive reversal week, having gone below the previous week's low and then closing above the previous weeks high. The stock closed very slightly in the upper half of the week's trading range, meaning that there is about the same chance of going above last week's high at 41.43 than going below last week's low at 39.30. By the same token, the chart remains bullish, given that the trading range remains within the flag of a bullish flag formation that if broken (an intra-week rally above 41.98) would offer an upside objective of 46.67. The stock did close near the lows of the day on Friday and the first course of action for the week is likely to be to the downside below Friday's low at 40.20. Intra-day support is found between 39.75 and 40.20 and intra-week support is found at 39.30, at 39.08 and at 38.90. A break below 39.30 would weaken the chart. Probabilities remain favoring the bulls.

CLF went below last week's low but then generated a green weekly close, meaning that if the bulls can take the stock above last week's high at 9.43 that a successful retest of the recent low at 8.28 will have occurred on the weekly chart. By the same token, the stock has already generated a successful retest on the daily chart (both on an intra-week and daily closing basis), having closed a week ago Friday at 8.73 and an intra-week low on Monday at 8.58, followed by 5 higher daily closes and 4 higher intra-week lows. Last week's high at 9.43 is now pivotal as a break of that level would stop the string (2) of lower intra-week highs that has been seen since December 8th high at 10.90 occurred. Pivotal intra-week support is now found at 8.58, meaning that last week's high and low are what the traders will key on this week for help with short-term direction. Probabilities slightly favor the bulls.

CNX generated a 4-week high weekly close and in the process gave a mini buy signal, having closed above the most recent high weekly close at 18.64. On a negative note, the stock got up to the bottom of the $20 demilitarized zone and backed off to close in the middle of the week's trading range, leaving the door open for new selling interest to appear if last week's low at 18.21 is broken. The stock does show previous highs at 19.62 and 19.76, meaning that it can be said that the chart is now fulfilled for both the bulls and bears with short-term resistance at 19.76 and short-term support at 17.77. Probabilities slightly favor the bulls given than the 52-week uptrend remains intact. By the same token, the close at the middle of the week's trading range suggests that the traders are waiting for new information to decide on a direction from here. Probabilities still favor the bulls.

ENG made a new 29-month intra-week and weekly closing high and closed on the highs of the week, suggesting further upside above last week's high at 2.95 is expected to be seen this week. The stock rallied 27% from low to high this past week, meaning that there is a lot of trading interest in the stock at this time. This is certainly evident in the volume being seen, which has averaged 15 times more over the past 6 trading days than what was being seen before the rally began. The stock will likely reach an important trend line level this week at 3.10. The trend line started in April 2009 at 6.47 and now has 3 points on it with highs at 5.68 on February 2011 and 4.22 on June 2014, meaning that the trend line is not only valid but meaningful for the longer term trend. On an intra-week basis, the stock does not show any resistance until very minor at 3.27, a slightly bit stronger at 3.51 and another bit stronger at 3.65. Decent to perhaps strong resistance is found at 4.22. The trend line is based on intra-week highs and as such means that a rally above 3.10 by at least 10 points would be meaningful. Then again, on a weekly closing basis, that trend line was broken on Friday as the line was at 2.75 and the stock closed at 2.88. The drop down to the support line at 2.00, seen 3 weeks ago and the subsequent rally to new highs is a change of pattern to the previous spike highs and suggests that this time the bulls will break the downtrend and generate a more meaningful rally than in the past. In looking at the long-term monthly chart, it does suggest that a rally to somewhere between 3.80 and 4.20 will be seen but that a strong correction back down to 2.00 would then ensue, meaning that the probabilities are high that the stock will get into a $2-$4 trading range for the next 6-12 months.

FCEL made another new all-time weekly closing low at 1.55 (1.50 on an intra-week basis) and closed near the lows of the week, suggesting further downside will be seen. The "general" support at 1.70 was broken and the stock is now on free-fall with 1.00 being the next psychological objective if 1.50 is broken. Minor to perhaps decent resistance is found at 2.05 and decent as well as pivotal at 2.30. Probabilities favor the bears.

FSLR generated a failure signal, having made a new 2+month high 3 weeks ago and breaking the previous low weekly close support at 32.09 on Friday. The stock closed on the lows of the week and further downside below last week's low at 31.38 is expected to be seen. This down move was likely caused by Trump's stated support this past week of dirty fuels (oil, gas, shale, coal) versus clean energy. The stock is facing a pivotal week, given that the monthly close is on Tuesday and a close below 30.20 would give fuel to further downside and even perhaps a new low below November's low at 28.60. Intra-week support is minor at 30.85, minor but likely indicative at 29.65 and decent as well as longer term pivotal at 28.60. Minor resistance is now found at 33.49, and minor to perhaps decent between 34.28 and 34.51. Further resistance is found at 35.52 and decent as well as pivotal at 36.41. This move down was not caused by any change of fundamentals in the company but simply by comments made by Trump. As such, the stock could turn on a dime if those comments change or no follow through is seen to the environmental protection policy. Nonetheless, for this week, the probabilities favor the bears with the bulls totally on the defensive. The chart now favors a drop back down to the multi-year low at 28.60, with perhaps a double bottom occurring if no further negatives come out.

LVLT made another new 8+year high this past week and closed near the highs of the week, suggesting further upside above last week's high at 58.84 will be seen this week. The stock got up to the $60 demilitarized zone and as such saw some selling come in, causing a red day to occur on Friday. Nonetheless, there is no resistance above (other than psychological at the $60 demilitarized zone) until 62.25 is reached and even then that resistance is on a weekly closing basis. On an intra-week basis, above 60.30 (top of the demilitarized zone) there is old resistance (from 2004) at 63.75 and then nothing until 67.20 is reached. The company is presently in the middle of a merger with Century Link that would give $66.50 per share to the stockholders. This amount was last stated on October 31st and I don't know if it has changed since then. Support is now found at 58.88, which is the low seen on Thursday, which turned out to be a positive reversal day. Stop loss is presently at 58.65 and it should be maintained at that price, given that any weakness at this time would be considered a negative.

MT generated a negative reversal week, having made a new 8-week high but then closing in the red and near the lows of the week, suggesting further downside below last week's low at 8.00 will be seen this week. By the same token, it seems the traders are waiting for additional news before making a new decision on direction, given than the stock has traded sideways for the past 3 weeks between 7.89 and 8.40. Support is found at 8.00 and at 7.89 and pivotal at 7.25 and resistance at 8.30 and at 8.40. Probabilities continue to favor the bulls as the stock remains in an uptrend.

X generated another positive reversal on the weekly chart, having made a new 7-week low but then closing in the green and above the previous week's also green close. The stock has been under sell pressure due to the downgrade given 3 weeks ago with a $30 objective but buying interest is seen every time the stock goes down given the emphasis the Trump administration is giving to infrastructure spending. This past week, Trump signed an executive order to re-start the Keystone pipeline and stated that it will be built with American Steel and that turned the stock from a downslide into a positive reversal week. Minor but likely pivotal intra-week resistance is found at 34.94 that if broken would break the lower highs pattern seen the past 4 weeks and if that occurs, it is likely the traders will take that as a sign that the token retest of the 30.57 level (got down to 31.31 this past week) has occurred as well as fulfillment of the $30 objective of the downgrade. Support is found at 31.31 and decent at 30.57. Probabilities still slightly favor the bears this week but the difference is slight.

XOM failed to follow through off of the previous week's close on the lows of the week and generated an inside week but with a close in the upper half of the week's trading range, suggesting further upside above last week's high at 85.88 will be seen this week. The stock has found support around the 84.70-85.00 level but buying interest has remained low. The stock is showing a bearish inverted flag formation on the daily chart but that formation is not being seen yet in the weekly chart, meaning it is not dependable. Nonetheless, a new low below the recent low at 84.59 would offer a 2-day objective of down to 83.16. Intra-week resistance is now found at 85.96 that if broken in conjunction with a daily close above 85.93 would invalidate the bearish flag. Short-term pivotal resistance is found at 87.39 that if broken, would suggest the low for the recent downtrend has been made. Probabilities favor the bears but the recent inability of the bears to push the stock lower and the ability of the bulls to hold support is causing uncertainty, meaning that this coming week could be a pivotal one.