ARNA generated an uneventful inside week but a red close and near the lows of the week, suggesting further downside below last week's low at 38.61 will be seen this week. The news that has driven the stock for the last 2 weeks is now over and the traders are likely to start trading technically/chart-wise once again. Using the daily chart, intraweek support is very minor at 38.31, minor between 37.90 and 38.17 and decent at 36.80. Below that level, there is minor to perhaps decent support at 35.10 and then decent as well as pivotal at 33.00. Using the weekly chart though, there is no support until decent at 36.80 and then decent again at 33.00. To the upside, there is minor to perhaps decent at 41.92, minor at 42.74, minor to decent at 44.50 and decent as well as pivotal at 45.85. Having broken down to 30.00 recently and more importantly without a good reason for the drop, traders need to re-build dependable chart support to be able to launch a new rally up to the $50 and perhaps even $60 level. As such, a drop down to 36.80 seems like a high probability event. Further downside below that level is not likely to happen unless the previous unexplained weakness returns. Probabilities favor the bears this week for a drop down to 36.80.

BHTG generated an uneventful week, having traded within a small 19 point trading range and closing 1 point below the previous week's close. Nonetheless, the stock got down to 3.90 once again (3rd time in the last 3 months) and that increases the chances that level of support will be broken. Short-term pivotal resistance is found at 4.38 that if broken would suggest the worst is over. Probabilities are split for this week.

CCJ generated an uneventful inside week but did close in the upper half of the week's trading range, suggesting further upside above last week's high at 9.26 will be seen this week. The stock has been range-bound for the past 2 months between 8.75 and 9.52 and it doesn't look like that will change this week. Nonetheless, the chart suggests that the traders will be exploring the upper side of that trading range this week. A break above or below the 2-month trading range would be indicative.

CLF generated an uneventful inside week but given the weakness and close near the lows of the week seen the previous week, as well as the pivotal support level close by below at 6.30, the green weekly close and close near the highs of the week, does give the bulls some respite. Additionally, the previous week's close below the 200-week MA, currently at 6.76, was not confirmed, meaning that the bulls remain with a slight edge in the longer term picture. Pivotal intraweek resistance is found at 7.36 that if broken would not only give the bulls some new ammunition but would mean this last drop down to 6.40 would become the 4th successful retest of the 2-year uptrend line. Longer term pivotal resistance remains at 8.17. Probabilities slightly favor the bulls this week.

ENG continues to trade in the 4+ month trading range between .73 and .99, without giving a clue as to what the future is to bring. The stock did close in the red and on the lows of the week on Thursday and further downside below last week's low at .83 is expected to be seen this week. Nonetheless, the stock continues to build a solid bottom formation that suggests a higher probability of a breakout than of a breakdown. Intraweek support will be found this week at .81 and resistance at .91. Decent and pivotal resistance is found at .99 and the same can be said about support at .73 and .75. Probabilities favor another uneventful week.

FCEL once again on Thursday visited the 200-day MA, currently at 1.70, and successfully tested the line given the green daily close on Friday. This is the 5th successful retest of the line in the past 4+ months and suggests that the stock is now ready to begin a more deliberate move to the upside. By the same token and on a possible negative note, the stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 1.70 will be seen this week and if that occurs, the MA line will be broken, at least on an intraweek basis. Pivotal intraweek support remains at 1.60 that if broken would be a decent negative. Intraweek resistance is found between 1.82 and 1.84 and pivotal at 1.88. Longer term chart favors the bulls but this week could be pivotal.

FSLR bears continue to fail in making any kind of a bearish statement as the stock in spite of going below the previous week's low still generated a green weekly close on Thursday, though only by 33 points. Once again as it has done the previous 3 weeks, the stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 68.82 will be seen this week. The daily chart though, has now turned slightly bearish given that a sell signal was generated on Wednesday when the stock broke the previous 9-day daily closing low at 70.65. Traders seem to be waiting for the index market to decide direction before direction for the stock is chosen and that may not happen this week, or at least not until Friday. Nonetheless, a daily close at or above 74.02 would give the bulls a definite short-term edge, while a close below 67.52 would do the opposite for the bears. Probabilities favor more sideways trading action this week.

IBM bulls were able to prevent a sell signal of consequence being given on the weekly chart, having generated a green weekly close on Thursday. In addition, the bears were not able to follow through to the downside off of the previous week's close on the lows of the week, suggesting some confusion is being seen among traders as to what will happen in the near future. The stock did close in the upper half of the week's trading range, suggesting further upside above last week's high at 154.87 will be seen this week. Intraweek resistance is found at last week's high at 154.87 and then nothing until minor at 157.20 and a bit stronger at 157.85. Nonetheless, the stock is showing a gap (possibly breakaway) between 155.25 and 155.92 that will also work as resistance. Chart suggests that if the gap is closed that the stock will rally up to 157.00, meaning that closure of the gap could be considered a reason to cover shorts and look to put them back on above 157.00. Support is found between 149.79 and 150.80. If broken, a drop down to the recent low at 148.54 is likely to occur. Probabilities favor the bulls this week, especially since the stock held above the 200-day MA, currently at 152.13, every day this week. Overall and on a midterm basis, probabilities favor the bears as long as the stock continues to close below the 200-week MA, currently at 157.35. A weekly close below 148.97 would generate a new sell signal of consequence.

MNK had a very uneventful week but closed on the highs of the week, suggesting further upside above last week's high at 14.61 will be seen this week. Nonetheless, the stock remains in a bearish downtrend that will not change until a confirmed daily close above 15.62 occurs. The trading suggests that the bears are no longer pushing down as much as before but then again the stock has fallen 72% in value over the past 8 months and is now likely to be priced at the value it deserves. Probabilities favor the bulls this week but only for a rally back above $15. Bears remain in midterm control. A drop below last week's low at 13.81 would keep the downtrend intact.

PTC generated a positive reversal week, having made a new 3-week low as well as going above the previous week's high and closing in the green. Nonetheless, the stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 76.40 is more likely to be seen than a rally above last week's high at 81.32. The stock did generate a positive reversal on Thursday, suggesting the first course of action for the week will be to the upside and above Thursday's high at 78.95 will be seen on Monday. On a negative note though, the stock has now given 2 sell signals on the daily chart and none have yet been negated, meaning that overall the bears seem to be in short-term control. Intraday chart suggests the stock will rally back up to 79.64 and then head back lower. Objective remains a drop down to 73.50.

RENN made a new 7-month weekly closing low and closed in the lower half of the week's trading range, suggesting further downside below last week's low at 8.22 will be seen this week. By the same token, the new multi-month weekly closing low was only by 5 points, meaning that if the bulls are able to generate a green weekly close next Friday, a double bottom might be built. On an intraweek basis, support is decent at the most recent low at 8.02. By the same token and going back 2 years, the area between 7.70 and 8.50 is considered decent weekly close support given that there are in excess of 8 weekly closes of importance in that area during that period of time. This suggests that the worst is likely about over. A week ago Friday, the stock broke the 200-day MA, currently at 8.90, and follow through has been seen. On Thursday, the stock saw some buying interest seen and it suggests that a rally back up to the line may occur this week or at the latest the following week. The 200-day MA on a daily closing basis is now an important pivot point. Probabilities favor some backing and filling this week and perhaps a new low below last week's low at 8.22 but by the end of the week, there should be a rally seen.

TXN bears were unable to generate any follow through to the downside off of the previous week's close on the lows of the week and an inside week occurred with a green weekly close. Nonetheless, the green weekly close was not all that convincing given that 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 101.41 and above last week's high at 108.10. The chart continues to favor the bears overall but a rally this week back up to at least 105.33 is likely to be seen. Above that minor resistance, there is further resistance at 106.46 and the stronger and more indicative at the 200 60-minute MA, currently at 107.55. To the downside, minor support is found at 103.00 and at 101.70 and pivotal 101.34/101.41. A rally above last week's high at 108.10 will give the short-term edge back to the bulls. Probabilities favor a backing and filling week with no longer term decisions made.