ARNA generated a positive reversal week, having gone below the previous week's low and closing above the previous week's high and on the highs of the week, suggesting further upside above last week's high at 39.89 will be seen this week. If that occurs, it will also mean that the intraweek low at 33.21 will have been tested successfully with last week's low at 33.65. To the upside and on an intraweek basis, the stock shows minor resistance at 40.82 and minor to decent at 41.92. To the downside and on an intraweek basis, support is minor at 38.79 and minor to decent at 36.80. On a daily closing basis, the chart shows decent resistance between 41.10 and 41.19 and minor to perhaps decent support at 37.77 and then minor at 36.62. Chart suggests the stock will trade between those support and resistance levels this week but ultimately (within the next 2-4 weeks) a new multi-year high is likely to be made. The stock is showing a bullish flag formation on the weekly closing chart that offers an upside target of 54.35 to be reached within 19-26 weeks. Probabilities slightly favor the bulls this week but it should be a choppy week with both red and green seen.

CCJ has appreciated in value 17% over the past 4 weeks, likely due to commodities and metals having a re-awakening, and in the process has given a buy signal on both the daily and weekly closing charts. The stock made a new 52-week weekly closing high on Friday by 1 point (previous high weekly close at 10.56 was seen the 3rd week of July) and closed near the highs of the week, suggesting further upside above last week's high at 10.67 will be seen this week. Intraweek resistance is found at 10.68 and then decent at 11.18. Above 11.18 there is some intraweek resistance at 11.91, at 12.37 and strong at 13.31. Nonetheless, the likely target for the stock if the 11.18 level is broken is the 200-day MA, currently at 12.40. Intraweek support should now be found between 10.15 and 10.23. Any daily close below 10.03 would be a deflator. Probabilities favor the bulls this week.

CLF made a new 6-week high this past week and closed on the highs of the week, suggesting further upside above last week's high at 8.03 is likely to be seen this week. The company did report better than expected earnings on Friday that rallied the stock 10% above Thursday's close but the stock had already given a buy signal on Wednesday when a new 4-week high has been made. To the upside, minor to decent intraweek resistance is found at 8.17 that is broken will give a buy signal on the weekly chart. Above that level, there is decent resistance found at 9.15 that if broken would turn the chart from a long-term downtrend to a short-term uptrend. Intraweek support is now pivotal at 7.02, which includes the 200-day MA, currently at 7.20. Probabilities favor the bulls this week but they need to get above 8.17 in order to support the better than expected earnings report and generate new buying interest.

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 green on Friday as well as on the highs of the week, suggesting further upside above last week's high at .88 will 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 idled this past week, having generated an inside week but with a close near the lows of the week, suggesting further downside below last week's low at 1.96 will be seen this week. On a positive note though, the stock seems to be building a bullish flag formation with the flagpole being the rally from 1.64 to 2.11 and the flag being the trading range the past 8 days between 1.96 and 2.11. A break above the top of the flag at 2.11 will offer an objective of 2.43. Short-term pivotal resistance is found at 2.17 and then stronger and more pivotal at 2.49. Intraweek support is found at 1.96 and daily close support of consequence at 1.85. Probabilities favor the bulls.

MNK made another new all-time low weekly close on Friday but only by 3 points below the previous week's close, suggesting the bears are having trouble generating further downside of consequence. The bears have been unable to make a new intraweek low below the one seen on 4/12 (6 days ago) at 13.37 in spite of the fact that low was a spike low that should have generated additional follow through to the downside immediately. Short-term pivotal resistance is now found at 14.29 that if broken would suggest a rally to 14.61. Longer term resistance is found at 15.40. Support remains at the all-time low at 13.32. Probabilities for this week are even, given the inability to take the stock lower during the past 6 trading days.

RENN generated a minor inside week but with a close in the lower half of the week's trading range, suggesting further downside below last week's low at 10.07 will be seen this week. On the daily chart, the stock has been building a bullish flag formation with the flagpole being the rally from the double bottom at 8.13 to 10.44 and the flag being presently built with a 10.07 low so far. Support is presently found at 10.07 but the chart suggests that level will be broken. Below 10.07 there is minor to perhaps decent intraday support at 9.67 but the 100 60-minute MA is currently at 9.74 and given the breakout seen recently, it is unlikely that line will be broken. The objective of the flag cannot yet be determined because the bottom of the present flag is likely to be broken this week. Nonetheless, using a potential low of the flag at 9.74, a breakout of the flag above 10.44 would offer a 12.04 objective. To the upside, there is minor to perhaps decent resistance at 11.18 and then minor to decent resistance at 11.98. Probabilities favor more backing and filling this week while building the flag but longer term the bulls have the edge.

TXN generated a negative reversal week, having made a new 3 week high and then going below the previous week's low and closing near the lows of the week, suggesting further downside below last week's low at 98.87 will be seen this week. The bulls continue to fail to rally the stock and therefore further downside, perhaps of consequence, is expected to be seen. To the downside and on an intraweek basis, decent support is found at 96.97 and on a daily closing basis at the 200-day MA, currently at 96.51. Below that level, there is minor support at 94.72 and then nothing until the 100-week MA, currently at 82.86, is reached. The original objective of the mention was 96.97 so consideration should be given to cover shorts at that level. Nonetheless, if the bears are able to close convincingly below the 200-day MA, the stock could be heading substantially lower. To the upside, there is minor to decent but likely pivotal resistance at last week's high at 105.90. As such, stop losses should now be placed at 106.00. Probabilities favor the bears this week.