ADSK generated a small failure signal, having closed on Friday below the previous all-time high weekly close at 113.03. In addition, the stock now shows a successful retest of the all-time intraweek high at 119.73, having gone below the previous week's low which makes the previous week's high at 117.12 into that successful retest. The stock closed on the lows of the week, suggesting further downside below last week's low at 111.35 will be seen this week. Minor intraweek support is found between 109.04 and 109.25 and then again at 105.60 and minor to decent support is found at 104.77. Minor to perhaps decent resistance is found between 114.68 and 115.25. The inability of the bulls to generate a resumption of the uptrend after the better than expected earnings report that came out 4 weeks ago, followed by trading once again below the previous highs before the report does suggest a lack of buying interest at these prices. Probabilities favor the bears.

ARNA made a new 2-year weekly closing high and closed near the highs of the week, suggesting further upside above last week's high at 25.31 will be seen this week. In addition, with the close above the major low weekly close from 2009 at 24.60 the stock now shows no weekly close resistance above until 30.75, suggesting that the stock could begin a new run to the upside. The stock is still showing some minor intraweek resistance at 26.80 and slightly stronger at the July high at 27.86 but given that there is no prior history of resistance at those levels, the probabilities now favor those levels being reached and likely surpassed. In fact, in 2009 after the low weekly close at 24.60 occurred, the stock rallied for 9 straight weeks (up to 56.40) and in 2012 after the stock re-established itself above 24.60 the second time around (after testing the $20 level successfully), it also ran for 9 weeks up to 135.00. As such, the probabilities now favor the stock heading higher with the 200-week MA, currently at 32.45, as the primary objective. Last week's low at 24.13 should now be considered short-term pivotal support as any weakness now would be seen as a failure. Probabilities favor the bulls this week.

CLF generated a short-term sell signal, having made a new 10-week low and closing below the established daily close support at 7.10. The stock closed near the lows of the week and further downside below last week's low at 6.78 is expected to be seen. The stock remains in an uptrend on the weekly chart but on a short-term basis some additional selling in likely to be seen, much like what was seen when the stock first got up to the 200-week MA in February and then broke the support at 8.28 and continued lower to 5.56. The bulls have now tested the 5+year MA twice and it is likely that the next time will be the "charm" but for now the probabilities favor a drop back to the 2-year uptrend line that is currently at 6.40. Though the short-term chart (1-3 weeks) may "slightly" favor the bears, the longer term formation suggests that a solid bottom has been built and that ultimately the bulls are likely to be the victors. Pivotal support though is found at 5.56 that if broken would then put the bears back in long-term control. Pivotal resistance is now found at 7.42 that is broken would give the bulls short-term control.

ENG confirmed the previous week's breakout above the pivotal 1.29/1.31 resistance area with a new 4-month high weekly close. The stock closed on the highs of the week and further upside above last week's high at 1.40 is expected to be seen this week. Minor to perhaps decent intraweek resistance is found at 1.46 and again at 1.58. Above that level, there is no resistance until decent resistance is found at 1.72. On weekly closing basis though, there is decent resistance at 1.63 that includes the 200-week MA, currently at 1.64. Decent intraweek support is now found at 1.20 but on a weekly closing basis it is at 1.29/1.31. The chart suggests that enough base building has been done to support a rally of consequence. The 200-week MA is certainly the main short-term target but that line has not proven over the past 3 years to be a "stopper", meaning that the bulls are able to get above 1.72 that there is a decent chance the stock could run an additional $1 to the upside. Probabilities favor the bulls.

FCEL made a new 7-month weekly closing high and closed near the highs of the week, suggesting further upside above last week's high at 1.79 will be seen this week. Minor intraweek resistance is found at 1.85 and minor to decent at 1.97 and at 2.05. The traders are evidently positive on this stock at this time, given that 16 out of the last 18 weeks have generated green weekly closes. The chart suggests that the stock will be moving up to the 1.97-2.05 area and then perhaps a correction back down to 1.60 could occur. The 200-day MA, currently at 1.47, now has to be considered a strong and pivotal support for the longer term. Probabilities favor the bulls.

MNK generated a positive reversal week, having made a new all-time intraweek low at 33.61 and then closing in the green and near the highs of the week, suggesting further upside above last week's high at 35.23 will be seen this week. Short-term pivotal resistance is found at 37.47 that is broken would suggest the $40 level would be targeted. Minor support is found at 34.51 and then at the all-time low at 33.61. Any daily close above 35.63 this coming week would be an added positive as a small failure signal against the bears would be generated, given that 35.63 was the previous all-time low daily close. Probabilities slightly favor the bulls this week.

SLCA extended its recent uptrend with another green weekly close, the 4th in a row. Additionally, the rate of ascension increased this week (biggest upward trading range in the last 6 weeks), suggesting that there are more shorts covering and more new buying interest being seen. There is no intraweek resistance above until minor at 34.20, minor to perhaps decent at 35.37 and decent between 36.20 and 37.48. The 200-week MA, currently at 36.10, is a potential target but that is not a line that has yet been established as indicative on this stock. Chart suggests that the stock may get into a trading range between 30.63 and 37.14 for the next 8-12 weeks, much like what was seen between October 2013 and January 2014. Intraweek support is found at 30.51 but with the stock seemingly "on a run", little backing and filling is expected to be seen this week. Probabilities favor the bulls.

TOL made a new 10-week intra-week high this week but the bulls were not able to accomplish anything of consequence as the resistance at the $40 demilitarized zone resistance level was not broken. In spite of the new 10-week high, the stock closed in the lower half of the week's trading range, suggesting a higher probability of going below last week's low at 39.39 than above last week's high at 40.43. A drop below last week's low would be seen as a negative as it would stunt the recent 5-week rally that has generated higher lows and higher highs each and every week. The $40 is a firmly established resistance area going back to March 2014, suggesting that further upside likely requires positive fundamental news. Short-term pivotal support is found at 38.95 that if broken would give the bears new ammunition and a likely target of 36.93. Probabilities slightly favor the bears.

ZBRA made a new 26-month weekly closing high on Friday and closed near the highs of the week, suggesting further upside above last week's high at 109.19 will be seen this week. Nonetheless, on an intraweek basis, the bulls were not able to break the intraweek resistance at 109.30, meaning that the bulls are not yet in full control. On an intra-week basis and above 109.30 there is resistance at 110.46 that if broken would suggest the all-time high at 119.47 would be visited. On a weekly closing basis, there is minor but possibly indicative resistance at 109.75, which was the low weekly close that when broken in July 2015 caused the downtrend that ultimately took the stock down to 46.13. As such and under these conditions, the stop loss has now been changed from 109.35 to 110.56. The bulls are committed to talking the stock higher this week, meaning that if last week's low at 105.90 is broken, it would be seen as a negative sign. Like with the indexes, probabilities favor a rally at the beginning of the week with the potential for a late week drop.