AMZN received a much better than expected earnings report and made a new all-time intraweek and weekly high on Friday. The stock closed on the highs of the week and further upside above last week's high at 1105.58 is expected to be seen. The stock gapped up at the previous all-time weekly closing high at 1052.80 that will now become support. Probabilities favor the bulls.

ARNA made another new 25-month weekly closing high on Friday and closed near the highs of the week, suggesting further upside above last week's high at 27.96 will be seen this week. Nonetheless, the buying interest was tempered a bit since the previous week's high at 28.28 was not broken (was an inside week), likely meaning that selling interest is being seen as the stock gets close to the $30 psychological resistance and the 200-week MA, currently at 31.60. By the same token, nothing negative occurred, meaning that the uptrend continues. On an intraweek basis, there is very minor resistance at 29.85 but on a weekly closing basis, the resistance is minor to perhaps decent between 28.00 and 29.30. The resistance in that area is mostly old and somewhat weak as they go back 8 years and they are mostly from previous low weekly closes. The objective of this rally is likely the 200-week MA, currently at 31.60. Nonetheless, that objective is on a weekly closing basis as there is no resistance above the $30 demilitarized zone until 34.70 is reached. It is unlikely that the MA line will be broken the first time it is seen, meaning that taking profits around the 34.70 level should be considered if seen. If the stock can establish itself this week above the 27.00 level, that level will then become support. Presently, very minor support is found at 26.68 and minor to perhaps decent at 26.40. Probabilities favor the bulls this week.

BHTG generated an outside week (above the previous week's high and below the previous week's low) but no levels of support or resistance were broken, meaning it was uneventful. Support should be found at 5.50. Pivotal resistance is now found at 6.30 that if broken is likely to regenerate interest in resuming the uptrend. Nonetheless, for this coming week more of the same as seen the last 7 trading days (which is sideways trading) is likely to occur with 5.50 to 6.30 as the most likely trading range to occur.

CAT reported earnings and they were much better than expected and a new all-time intraweek and weekly closing high was made. The stock closed in the upper half of the week's trading range and further upside above last week's high at 140.44 is expected to be seen this week. On a possible negative note, the stock made the all-time high on Tuesday and spent the remaining 3 days trading below that high, meaning that there seems to be no strong desire or ability to take the stock higher. Wednesday's low at 134.79 is now considered to be short-term pivotal support that if broken would suggest that the gap down at 132.34 would be closed. The 2 previous earnings reports were also better than expected and also generated a gap. In the previous report the gap was not closed but the stock traded sideways for 4 weeks without new highs made and the one previous to that one, the stock traded down from the high made for the ensuing 4 weeks and the gap was closed. As such, the recent history of the stock suggests that there is a higher likelihood of the stock moving sideways to down over the next 4 weeks than the uptrend continuing.

CLF reported earnings this week and evidently it disappointed as the stock made a new 4-month low. Nonetheless, the bears were unable to break the important 6.00 level of support as the stock got down to 6.04 and bounced to close near the highs of the day on Friday, suggesting that buying interest was found at that level. On another possible positive note, the stock got down to the 50-week MA, currently at 6.05, and that is a line that has been decent support since it first got broken to the upside in June 2016, having been tested successfully twice during that period of time. The stock gapped down on Friday between 6.42 and 6.36 and if the gap is closed on Monday (likely), it will take away some of the ammunition that the bears received with the earnings report. Pivotal resistance is now found between 6.95 and last week's high at 7.01. A break of that level will suggest that the bulls will once again attempt to break above the 200-week MA, currently at 8.10, that has been tested successfully on 2 prior occasions over the past 9 months. A third retest could be the "charm". Pivotal support is found at 5.63 that if broken would be a decent negative sign. Probabilities favor the bulls this week.

ENG generated a green weekly close, making last week's close at 1.16 into a successful retest of the 15-month low weekly close at 1.12. The 1.10 to 1.16 level has been decent to perhaps even strong weekly close support since February 2016 with multiple (more than 8) weekly closes in that area. The stage is now set chart-wise for the bulls to start generating a rally of consequence, likely after the November 9th earnings report. The 1.29-1.31 area of weekly close resistance remains decent and the 1.40 area of weekly close resistance is pivotal (1.46 on an intraweek basis). Probabilities favor sideways trading with a slight upward bias for the next 2 weeks until the earnings report comes out.

FCEL has traded sideways in a narrow trading range since the breakout occurred 4 weeks ago after the upgrade was given. The stock has generated 3 weekly closes in a row at 2.15, 2.17 and once again 2.17 this past Friday. Nonetheless, the sideways trading is actually bullish given that the stock made a new 52-week high 4 weeks ago and the bulls have not given back any of their gains. The stock closed in the upper half of the week's trading range and on the highs of the day on Friday and given that the stock now shows a successful retest of the 2.00 level of support with a low at 2.01 on October 10th and now 2 successful retests of that low with lows at 2.03 and last week at 2.04. Intraweek resistance is found at 2.26, at 2.37 and pivotal at 2.49. Any break below 2.01 would now be seen as a negative. Probabilities favor the bulls.

GS generated a negative reversal week after a positive reversal week occurred the week before, meaning that the bulls are not in control even though the bulls are in full control of the index market. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 239.67. If the stock does go below last week's low, last week's high at 246.50 will become a successful retest of the recent high at 247.07 and that will likely mean that the chart is fulfilled to the upside and that the bears will get the edge for the next few weeks. Intraweek resistance is found at 244.89, at 246.50 and at 247.07. Minor support at 236.84 and decent as well as pivotal at 235.19. Probabilities favor a mild rally to 244.89 and then renewed selling interest. Probabilities favor the bears.

MNK generated another new all-time intraweek and weekly closing low on Friday and closed in the lower half of the week's trading range, suggesting further downside below last week's low at 30.15 will be seen this week. Nonetheless, some minor buying interest was seen as the stock got down to 30.33 on Tuesday, bounced up to 31.93 on Wednesday, made the new low at 30.15 on Friday but closed near the high of the day, suggesting the first course of action for the week will be to the upside. The $30 level is expected to offer psychological support, considering that the stock is strongly oversold, there are still 4 rating companies with upside objectives between $54 and $60 and the stock is showing 2 previous bounces of at least $6 over the past 4 months since this most recent downtrend began. The probabilities favor a positive reversal week and a green close next Friday. Support should be found in the $30 demilitarized zone (20.70-30.30). Minor but short term pivotal resistance is found at 31.93 that if broken would suggest a rally up to the mid $35's would be seen.

SLCA generated a green weekly close on Friday, the first after 4 red weekly closes in a row. The green weekly close will now be seen as a successful retest of the 8-month weekly closing low at 25.44 and be suggestive that the recent short-term uptrend will resume with the 200-week MA, currently at 35.90, as the objective to be reached sometime over the next 7-10 weeks. The stock closed on the highs of the week and further upside above last week's high at 29.17 is expected to be seen this week. Minor but short-term pivotal resistance is found at 29.29 and then nothing until minor again at 30.27. The next resistance of any consequence is at 32.55 and then decent at the 4-month high at 33.72. Minor to perhaps decent and pivotal support is found at 27.42. Probabilities favor the bulls.