ARNA generated a positive reversal week after a better than expected earnings report, having made a new 3 week low and then going above the previous week's high and generating a green weekly close. Nonetheless, the bulls were unable to make a statement as the stock made a new 5-month intra-week high but was not able to generate any new buy signal of the weekly chart. In addition, the stock sold off at the end of the week to close very slightly below the midpoint of the week's trading range, suggesting a slightly higher probability of going below last week's low at 1.42 than above last week's high at 1.70. The stock gapped up between 1.46 and 1.54, which might end up being a breakaway gap. By the same token, the stock got into the gap on both Thursday and Friday with drops down to 1.52 and 1.50, suggesting that the earnings report was not strong enough to generate a breakaway gap. As such, closure of the gap is likely to occur this week and then we will see what the traders have in store for direction. Intra-week resistance is found at 1.63, at 1.67 and at 1.70. The 200-day MA is currently at 1.60 and any 2 closes in a row above the line would be a small statement by the bulls. Based on the fact that the earnings report was better than expected, the probabilities favor the bulls but slightly. An intra-week rally above 1.75 would suggest the bottom of the downtrend is set and that the stock will start trying to generate an uptrend, albeit perhaps only a short-term one. A break below 1.34 would be a negative statement.

BWA made a new 16-month intra-week high but the bulls were unable to break above the 17-month high at 44.35 (got up to 44.24) or close above the 16-month weekly close resistance at 42.95 and the stock fell back to close in the lower half of the week's trading range, suggesting further downside below last week's low at 41.89 will be seen this week. The failure to break that resistance changes the short-term outlook for the stock to get up to the $47-$48 and suggests the stock will be in a 39.53 to 44.35 trading range for the next 6-8 weeks unless there is a fundamentally bullish piece of news that gives the bulls new ammunition. As such, consideration should now be given to take profits on any rally above 43.25. Probabilities slightly favor the bears this week.

CCJ generated an uneventful week inside week, having closed just 2 points above the previous week's close and trading between the previous week's high and low. The stock closed in the upper half of the week's trading range suggesting further upside above last week's high at 11.30 will be seen this week. The inside week did not clear up anything meaning that the previous week's low at 10.71 has not "yet" become a successful retest of the midterm important support at 10.34. Minor intra-week resistance is found at 11.42 and then nothing until decent and likely short-term pivotal resistance is found at12.37. Probabilities favor the bulls this week and a rally up to the 12.00 level.

CLF generated an uneventful inside week, having traded above the previous week's low and below the previous week's high. Nonetheless, the stock did generate a green weekly close, as well as a close in the upper half of the week's trading range, meaning that further upside above last week's high at 9.92 it likely to be seen this week. It also means that the previous week's close at 8.74 is now a successful retest of the short-term pivotal weekly close support at 8.41. The inability of the bears to push the stock down further suggests that the bulls still have the edge and that the recent drop was mostly because the stock was pushed down from the first retest of the 200-week MA, currently at 10.55. Probabilities now favor a 2nd retest of that line. A weekly close above 11.49 or a daily close above 12.03 would now be a strong bullish statement. Nonetheless, for this coming week the stock is likely to continue trading sideways, likely between 9.04 and 10.00/10.14 while the traders await further news.

CNX "technically" had a negative reversal week, having gone above last week's and 1 point below last week's low and then generating a red weekly close. The stock now shows 7 red weekly closes in a row and in May-July of last year the stock generated 10 red weekly closes in a row, meaning that further downside could be seen. By the same token, the inability of the bears to extend the downtrend by more than 1 point likely means there is some buying interest around the $15 demilitarized zone (14.70-15.30). Intra-week chart support is not found until 13.36 is reached but in May of last year the stock spent 9-days trading between 14.78 and 15.94 and a scenario very similar to that one could be seen at this time, given that the index market is likely to trade sideways as well. Below 14.70, the stock shows nothing until the 13's are reached. As far as resistance is concerned, the 16.40 level is presently pivotal resistance that if broken would likely mean the stock would be resuming the uptrend. As such, the potential trading range for the next few weeks could be as low as 13.36 and as high as 16.40 with the trading range for this week likely being 14.70 to 15.94.

ENG continued the recent down move and made new 11-week intra-week low at 1.86. More damaging is the weekly close break of the 2.00 level that has been pivotal support for the past 8 years. The stock has now corrected 40% from the recent 3.10 high that is now a 4-point 9-year trend line. The stock closed near the lows of the week and further downside below 1.86 is expected to be seen this week. On a small positive note though, the stock is getting back near the 200-week MA, currently at 1.66, that got broken to the upside in December and since this is the second time the stock has broken the line convincingly in the past 3 years, the probabilities have increased that this drop down will only be a retest of that line and that the next bounce up will have some bullish connotations. In addition, the 200-day MA is currently at 1.70 and that is a line that got broken to the upside 52-weeks ago and has not been broken to the downside since. The probabilities do not favor that line getting broken this time. As such, the outlook is for the stock to get down to 1.70 and start moving higher. The probabilities favor the bears this week but only for a drop down to 1.70. Consideration can be given to additional purchases at that price.

FCEL made a new all-time low weekly close, suggesting the downtrend continues and that a bottom has not yet been found. Nonetheless, the 1.25 intra-week all-time low was not broken or even gotten close to, meaning the bulls still have some hope that an intra-week bottom has been built. The stock closed on the lows of the week and further downside below last week's low at 1.35 is expected to be seen. The probabilities strongly favor a drop down to 1.25 this week. Minor intra-week resistance is found at 1.45 and then nothing of consequence until 1.75. A break above 1.45 would ameliorate the selling interest and a rally above 1.75 would give a short-term buy signal. Probabilities favor the bears this week with a 1.25 to 1.40 likely trading range.

FSLR generated another red weekly close, the 3rd in a row, but the selling did ameliorate as the stock closed only 1.8% below the previous week's close and the red weekly close was in doubt until the last 20 minutes of trading on Friday. On Wednesday, the stock was trading as much as 5% above last week's close and it is possible that the triple witching day on Friday brought about the late-week selling as the short interest in the stock has increased due to the sell rating given 2 weeks ago. In spite of the weakness at the end of the week, the bears failed to generate a sell signal on the weekly closing chart, having closed above the 31.48 weekly close support. Nonetheless, the stock closed on the lows of the week, suggesting further downside below last week's low at 31.81 will be seen this week. On a daily closing basis, pivotal support is at 31.02 and based on the action seen at the end of the week, both 31.02 and 31.48 are likely to be seen/tested this week, meaning that this coming week is likely pivotal for the stock. Closes below those 2 levels would likely bring in new selling interest, meaning the bulls need to do something this week. An intra-week rally above 34.05 or a daily close above 33.00 would now be positive signs. Probabilities favor the bears this week.

LVLT generated a positive week, having closed in the green and near the highs of the week, suggesting further upside above last week's high at 57.74 will be seen this week. In addition, the green weekly close means that the previous week's close at 56.47 has now become a successful retest of 2 previous high weekly closes at 56.42 and at 56.90, suggesting that the uptrend now has a chance to resume. Short-term pivotal resistance is found at 58.15 that if broken would suggest a rally up to 59.24 will occur. Decent daily close resistance is found at 59.76 that if broken would suggest the uptrend has resumed. Minor intra-week support is found at 56.92 and a bit stronger and likely more meaningful at 55.98. On a possible negative note, a Head & Shoulders formation seems to be in the process of being built with the action to be seen this week perhaps being the right shoulder. A failure to get above 58.15, followed by a break below 55.26 (neckline) would offer a $50 downside objective. Probabilities slightly favor the bulls but there are many possible scenarios in play at this time.

MT bulls were able to brush off the recent weakness when the bears were unable to generate any further downside after closing near the lows of the week the previous week. The stock then turned around and generate a spike up rally to close only 8 points below the 19-month high weekly close at 9.11. The stock closed near the highs of the week and further upside above last week's high at 9.25 is expected to be seen. With the 19-month intra-week high being at 9.37, if that level is broken this week, the 200-week MA, currently at 10.25 will beckon strongly. Nonetheless, it is unlikely that the MA line will be broken the first time around since it has not been broken to the upside since 2008. As such, a rally up into the $10 demilitarized zone should be used to consider short-term liquidation of the long positions, to be re-purchased again on dips back down near the $7 level. Pivotal intra-week support is now found at 8.28. Probabilities favor the bulls this week.

X generated a positive reversal week, having made a new 5-week low and then turning around to rally above the previous week's high and closing in the green and in the upper half of the week's trading range, suggesting further upside above last week's high at 38.41 will be seen this week. Minor to decent intra-week resistance is found at 39.14 and decent as well as pivotal at 41.83. Intra-week support is found at 35.71 and mid-term pivotal at 34.39. The positive reversal seen this week, as well as the support for U.S. Steel the Trump Administration has expressed, strongly suggests the bulls have the upper hand at this time. Nonetheless, the bulls need to generate some new buy signals soon or the edge may disappear. A weekly close above the $40 demilitarized zone needs to be accomplished as soon as possible and a weekly close above 45.10 would suggest a rally up to the $60 would be in the making. An intra-week drop below 34.39 would now be short-term negative and would suggest the $30 would be visited. Probabilities favor the bulls.