ARNA continued the recovery from the retest of the $20 level with another green weekly close. The stock closed near the highs of the week and further upside above last week's high at 23.49 is expected to be seen. To the upside and on an intraweek basis, minor to perhaps decent resistance is found between 24.55 and 24.70 and decent at the recent high at 27.86. Minor to perhaps decent intraweek support is found between 22.15 and 22.23. Probabilities continue to favor the bulls.

CLB generated a new 6-year intraweek low but the bears were unable to make a statement as the stock closed only 2 points below the previous week's close at 89.61 and 4 points above the low weekly close for that same period of time, seen 3 weeks ago at 89.55. The traders seem to be waiting to see what oil is going to do before deciding whether further downside is to be seen or a rally is to occur. Oil continued its recent short-term downtrend but did reach the downside objective area between 43.76 and 45.80 with a drop down to 45.55. Oil closed in the upper half of the week's trading range, suggesting further upside above last week's high at 48.20 will be seen this week and if that occurs and a green weekly close above last week's close at 47.29 occurs, it would suggest that both oil and the stock would move up. To the upside and on an intraweek basis, CLB has pivotal resistance at 91.90 and then nothing until the $99-$100 area is reached. To the downside and on an intraweek basis, there is minor to perhaps decent support at 87.83 and then decent as well as pivotal at last week's low at 86.55. Probabilities slightly favor the bulls.

CLF generated a new 22-week intraweek and weekly closing high on Friday and closed near the highs of the week, suggesting further upside above last week's high at 8.62 will be seen this week. The stock generated a confirmed break of the 200-day MA, currently at 8.10, having broken the line on Wednesday and generating 2 additional closed above the line on Thursday and Friday. The 200-week MA, currently at 8.88, now beckons strongly and likely will be seen this week. On an intraweek basis though, there is no resistance until minor resistance is found at 9.06. Above that level, there is no resistance found until the $10 demilitarized zone is reached. Minor but short-term indicative support is found at 8.28 and then nothing until decent at 7.70. Probabilities favor the bulls but this is the second time the 200-week MA will be seen and it usually takes 3 tries before a reliable break occurs.

ENG bears were unable to generate any follow through to the downside to last week's close on the lows of the week and break of the weekly close support at 1.15 and saw the bulls generate a spike up rally to the pivotal weekly close resistance at 1.29/1.31. The stock closed near the highs of the week and further upside above last week's high at 1.32 is expected to be seen this week. Nonetheless, the bulls need to do more this week before the traders turn around and become longer term buyers. Intraweek resistance is found at 1.40 and at 1.46 and weekly close resistance is found at 1.29/1.31. A break of both of those would be a bullish sign. Intra-week support is now decent between 1.07 and 1.10. Probabilities slightly favor the bulls this week.

FCEL continues to generate green weekly closes, having closed again in the green for the 4th week in a row and 14 out of the last 15 weeks. Nonetheless and in spite of the "sea of green", the bulls have not yet been able to generate a buy signal of consequence on the weekly chart, leaving questions still unanswered. On a strong positive note though, the stock closed above the 200-day MA, currently at 1.54 for the first time in 15 months and the second time in the last 35 months, suggesting that the bulls may be starting to make a statement. The stock closed near the highs of the week and further upside above last week's high at 1.63. Minor to perhaps decent resistance is found at 1.64 and then stronger and more long-term pivotal at 1.79. Above that level, there is minor resistance at 1.85 and then decent at the $2 demilitarized zone. Minor but likely short-term pivotal support is found at 1.46 and then longer term pivotal at 1.33. It is evident by the sea of green being seen that the bears have lost control and that the stock is on the verge of a breakout that would likely bring about a strong short-covering rally, especially considering that the stock was trading at $12 just 2 years ago and at $57 just 3 years ago. Probabilities favor the bulls.

GS generated another positive reversal week, having negated the previous one seen the week before by going unexpectedly below the previous week's low and then closing above last week's high. The stock closed on the highs of the week and further upside above last week's high at 227.56 is expected to be seen this week. Nonetheless, the stock seems to be stuck in a sideways trading range between $213 and $230 (based on weekly closes), which is an area that the stock has now been trading in for the past 6 months. The overall chart is leaning toward the bear side as a big inverted flag formation is in place that offers a $190 objective if the bottom of the flag at 213.31 is broken. On a daily closing basis, there is a lot of decent resistance between 226.87 and 227.36 that the bulls were unable to break last week, given that the stock traded as high as 227.56 on Friday but closed $1.50 lower. As such, even if the stock goes above last week's high this week, it is unlikely that the bulls will be able to break the daily close resistance in that area. Intraweek support is now found at 222.65 and then nothing until the $220 demilitarized zone. Probabilities slightly favor the bulls this week but overall for the longer term, the bears have the edge.

MNK generated a failure signal against the bears on both the daily and weekly closing basis, having closed on Thursday and Friday above the previous all-time low daily close at 39.63 and on Friday above the previous all-time low weekly close at 40.29. The stock closed near the highs of the week and further upside above last week's high at 41.70 is expected to be seen this week. On an intraweek basis, there is no resistance above until very minor resistance is found at 42.45 and minor at 44.45. Above that level, there is minor to decent resistance between $47 and $48. To the downside, the previous double intra-week low at 38.81/38.80 is now considered minor to perhaps decent but likely short-term pivotal support. Probabilities favor the bulls this week.

NFX went above the previous week's high, opening the door to the possibility that the previous week's low at 24.41 may be the low of the recent downtrend. Going back 5 years, the stock does show multiple times (9) where downtrends stopped somewhere between a low of 22.30 and 25.41 and the 24.41 low fits in well with that area of support. With only 2 exceptions, every single time on those 9 occasions that the stock made a spike low and the following week it went above the previous week's low, it ended up with a rally of consequence. As such, consideration should be given to taking profits on the short positions. The stock did generated a negative reversal day on Friday, suggesting the first course of action for the week will likely be to the downside with 25.46/25.50 as the likely objective. If that level is seen but not broken, short-covering should be considered. The next support below 25.46 is 25.00 but if the stock gets that low it could go lower so waiting would be the thing to do. To the upside, there is no resistance until the 27.10-27.45 level is reached. Probabilities favor the bulls this week.

RIG continued its recovery from making a new all-time low at 7.20 2 weeks ago, having generated 8 green daily closes over the past 9 days and getting above the first intraweek resistance (though minor) at 8.55 on Friday (got up to 8.57). In addition, The 2 previous all-time low weekly closes at 8.33 and the most recent at 7.88 were both negated with the 8.55 close on Friday. The stock closed on the highs of the week and further upside above last week's high is expected to be seen this week. To the upside and on an intra-week basis, minor to decent resistance is found between 8.83 and 9.01 and the nothing until 9.60. On a weekly closing basis, a close above 9.07 would generate a buy signal on the weekly closing chart and suggest that a bottom has been found. Minor support is now found at 8.11 and decent at 7.66/7.67. This is another stock that also depends on what oil does, meaning that a rally above 48.20 would give the bulls new ammunition. Probabilities favor the bulls this week.

SLCA bulls enjoyed a double positive this past week with the stock having generated a positive reversal week (lower lows and high higher than the previous week and a close above last week's high) and closing near the highs of the week, suggesting that if the stock goes above last week's high at 27.95 (likely since it closed near the highs of the week) that a successful retest of the 24.26 multi-year low will have occurred. To the upside and on an intraweek basis, minor to perhaps decent resistance is found at 28.52 that if broken would open the door for going up to the next intraweek resistance on the weekly chart at 34.20 and perhaps even up to the 200-week MA, currently at 36.00. On the daily chart though, above 28.52 there is resistance at 29.70 but above that level it is open air until 35.37. Intraweek support should now be found at 26.35. Probabilities favor the bulls for a rally up to 28.52 but thereafter it may depend on oil and what happens at the 48.20 level.

TOL went above the previous week's high and closed near the highs of the week, suggesting further upside above last week's high at 39.31 will be seen this week. The rally makes the previous weeks low at 36.55 into a possible spike low that may cause the previous uptrend to resume. Intraweek resistance is found at 39.37 and then stronger between 40.14 and 40.33. A break of that resistance would suggest the recent high at 41.07 would be tested and likely broken. Nonetheless, the daily chart remains short-term bearish, requiring the most recent intraweek high at 39.70 to be broken to give any kind of tangible sign that the uptrend has resumed. Probabilities slightly favor the bears this week though a rally above last week's high is a high probability. Short-term pivotal support is found at 38.17 that if broken would suggest a drop down to 37.14 would occur.