ARNA followed through to the upside off of the spike high rally seen the previous week but did it on a limited and not all convincing basis, given that the weekly close was only 30 points above the previous week's close and the week's high had no previous history of resistance. The close on Friday was in the middle of the week's trading range, suggesting that there is no clear direction for this coming week. Resistance of consequence is found at 41.92 that is unlikely to get broken without some fundamental or market help. Minor support is found between 38.79 and 38.90 and minor to decent at 36.80. A break of last week's high or low (41.12 and 38.90) will likely bring about further movement to resistance or support. Probabilities slightly favor the bulls this week.

CALM generated a negative reversal week, having gone above and below the previous week's high and low on Wednesday but then generating a red weekly close on Friday and in the lower half of the week's trading range, suggesting further downside below last week's low at 47.71 will be seen this week. Last week's high and low have now become pivotal resistance and support levels for the stock, meaning that whichever is broken first will generate additional trading interest in that direction. On what could be a strong negative note, the red weekly close on Friday has now generated a double top on the weekly closing chart at 49.83 and 49.70 (50.40 and 50.45 on the intraweek chart) and if confirmed this week with another red close will give the bears strong ammunition to push the stock down to the support between $40 and $41. Probabilities now favor the bears.

CCJ generated an uneventful inside week but closed near the highs of the week on Friday, suggesting further upside above last week's high at 10.56 will be seen this week. On a possible negative note, the red weekly close on Friday keeps the stock within the weekly closing chart parameters of resistance at 10.57 that have been in place during the past 54 weeks, meaning that the bulls still have more to do before they can claim clear success. On a positive note, the stock generated a positive reversal spike up day on Friday, suggesting that if there are no negatives that come out over the weekend that the bulls could establish control as early as Monday, if and when a daily close above 10.71 occurs. Intraweek support should now be found at Friday's low at 9.91 that if broken would give the bears some new ammunition. Probabilities slightly favor the bulls.

CLF bulls were unable to follow through to the upside this past week off of the previous week's spike rally and closed in the red and near the lows of the week, suggesting further downside below last week's low at 7.10 will be seen this week. On a positive note though, the bulls were able to close above the 200-day MA, currently at 7.20, every day this week, suggesting that the bears have given up the control they possessed the previous 3 weeks. The stock is showing an open gap between 6.95 and 7.04 that is likely going to be targeted for closure this week given that there is no reason for the gap to remain open. Nonetheless, once the gap is closed, the bulls should be back in control. The building of a support base has been going on for over 2 years and now the chart suggests that resolution is likely to be seen over the next 2 weeks. The 200-week MA is currently at 6.62 and a close or even a break of that level on an intraweek basis would be a strong negative. Pivotal resistance is found at 8.03 that if broken would resolve the issue in favor of the bulls. Probabilities favor the bulls.

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 generated an uneventful inside week, failing to follow through to the upside on the previous week's mini spike up rally and close near the highs of the week. The traders are likely to continue trading in this established trading range until the earnings report comes out on May 14th. 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 continues to build a support foundation of consequence above the 200-day MA, currently at 1.76, given that the line has been tested successfully on 5 occasions since the initial break above the line occurred in September. Resistance has continued to be found at 2.10 but there are now multiple highs (3) at that level and that suggests that in time that level will be broken and the bulls gain control. The company reports earnings on June 7th and that is likely to be the needed catalyst for the new uptrend, given the positive fundamental outlook presently in place. Minor but possibly short-term pivotal support is found at 1.85. Below that level, the MA line at 1.76 is likely to be decent support on a daily closing basis. Longer term pivotal support is found at 1.64 that if broken would do chart damage. Daily close resistance is found at 2.06 and longer term pivotal at 2.26. Probabilities slightly favor the bulls at this time.

MNK made yet another new all-time intraweek and weekly closing low this past week but the stock remains strongly hesitant to go lower, given that for the past 3 weeks the bears have only been able to generate an additional 2% deterioration in the price ($.20). Contrary to the previous 2 weeks, the stock closed near the highs of the week, suggesting further upside above last week's high at 13.68 will be seen this week, which in turn suggests some short-covering might start to be seen this week. Volume has dropped by almost 50% over the past 2 months, suggesting a lack of interest in trading the stock is being seen. Resistance is found at 14.29 and at 15.40. A break of the former would suggest a low has been found and a break of the latter would suggest a short-covering rally would likely occur. Support is found now at 13.05. Probabilities slightly favor the bulls this week.

MSFT reported better than expected earnings on Friday and the stock made a new all-time intraweek high but like with NFLX and AMZN, the bulls were unable to generate a new all-time weekly closing high above the previous at 96.77, suggesting that resumption of the uptrend will require help from the indexes. The stock closed in the upper half of the week's trading range, suggesting a higher probability of going above last week's high at 97.90 than below last week's low at 90.28 but on Friday the stock closed slightly in the lower half of the day's trading range and if Friday's low at 93.91 is broken on Monday, it will be a negative sign. Intraweek resistance should be found at the previous all-time intraweek high at 97.24 and support and intraday support is found at 92.44. Probabilities slightly favor the bears.

RENN broke the multi-day low support at 10.07 on Wednesday and dropped down to the bottom of the $10 demilitarized zone with a low at 9.67. Nonetheless, the bulls recovered by the end of the week to generate a green weekly close and near the highs of the week, suggesting further upside above last week's high at 10.37 will be seen this week. Minor but likely short-term pivotal resistance is found at 10.44 that if broken would suggest a rally up to the next resistance at 11.18 if not up to the stronger intraweek resistance at 11.98. Support is now likely to be found at 9.67 that if broken would weaken the chart, at least on a short-term basis. The chart suggests that a bullish flag formation has been built that if broken (a rally above 10.44) would offer an 11.98 objective. Probabilities favor the bulls.