ARNA generated a 5th green weekly close in a row but still fell short of making a new 31-month weekly closing high, having closed on Friday 4 points below the close seen the first week of the year at 40.84. Nonetheless, the stock closed once again near the highs of the week and further upside above last week's high at 41.86 is expected to be seen this week and if that occurs and the intraweek high at 41.92 gets broken, there is no resistance above 47.40 is reached. Evidently, this is a pivotal week given the close on Friday as a red weekly close next Friday would create a double top. Intraday support is found at 39.21 and pivotal support is found at 36.88 that is broken would give the edge to the bears. Probabilities favor the bulls.

BHTG made a new 6 week intraweek low and closed near the lows of the week, suggesting further downside below last week's low at 4.26 will be seen this week. The action negated the bullish flag that had been built over this period of time, suggesting that the bulls lost most of the ammunition they had recently gained. The inability of the bulls to generate any new buying after the spike up rally from 3.90 to 5.49 seen the first week of January, suggests that at the very least the stock will be retesting the recent intraweek low at 3.90 (3.92 on a weekly closing basis) that is considered decent and pivotal Minor to decent intraweek support is found at 4.23 that if not broken would give back to the bulls a minor edge. Below 4.23 there is no intraweek support until 3.90. Resistance is now minor to perhaps decent and definitely short-term pivotal at 5.14. Probabilities favor the bears this week.

CCJ bears failed to generate any downside follow through after the previous week's close near the lows of the week and the bulls took advantage of it by rallying above the previous week's high, closing in the green and near the highs of the week, and generating the first green close in the last 5 weeks. The green weekly close makes the previous weeks close at 8.53 into the second successful retest of the previous 14-year low weekly close at 7.88 and also gives the bulls a 3-point up trend line that should give them new ammunition with which to attempt to break the long-term 7-year downtrend that started on February 2011 from 44.81. Minor to perhaps decent intraweek resistance is found at 9.98, minor to decent at 10.35 and 10.68, and then decent as well as long-term pivotal at 11.18. To the downside, minor to decent intraweek support is found between 8.63 and 8.79 that should hold up. The key level remains the 200-day MA, currently at 9.57 as well as the high daily close for the past 3 months at 9.86. If those 2 levels are broken to the upside, the bulls will gain a strong edge. Probabilities slightly favor the bulls.

CLF negated the break of the 200-day and 200 week MA's, which occurred 3 weeks ago, having generated a spike rally this past week and a convincing close above both lines that are currently at 7.00 and 7.05. The stock closed on the highs of the week, suggesting further upside above last week's high at 7.99 will be seen this week. Very minor intraweek resistance is found at 8.20 and then nothing until minor to decent resistance at 8.77 and 8.88. Decent intraweek resistance is found at 9.15. The stock has now closed above the 200-week MA on 3 occasions and that suggests that a clear break of the line may have occurred. Weekly close resistance is found at 8.68 that if broken next Friday would generate the kind of buy signal that would suggest a strong short-covering rally will occur, with at least the 11.49 or perhaps the 13.00 levels as short-term upside objectives. Support is now decent and pivotal between 6.96 and 7.05, especially on a daily closing basis. Probabilities favor the bulls.

CPG bears failed to generate any follow through to the downside after the previous week's close near the lows of the week and closed in the green and in the upper half of the week's trading range, suggesting further upside above last week's high at 7.24 will be seen this week. The previous week's weekly close at 6.93 has now become the required/needed successful retest of the all-time low weekly close at 6.43 that if confirmed with another green weekly close next Friday would suggest a strong bottom has been built. In fact, the intraweek chart now shows a double bottom at 6.42/6.43 and the weekly closing chart shows an inverted Head & Shoulders formation has now been built with the left shoulder at 6.76, the head at 6.43 and the right should at 6.92. The neckline is at 9.44 and if broken would give a 12.44 objective to be reached within 5 weeks of breakage. This coming week is very important as all of the above is dependent on a green weekly close next Friday. Nonetheless, oil did generate a $3+ rally last week that suggests further upside will occur this week and that perhaps the previous uptrend is resuming. As such, probabilities favor the bulls. As far as support is concerned, the 6.65 level is now decent and pivotal support that if broken would do damage to the chart.

ENG bears were unable to generate any follow through to the downside off of the new 5-year low weekly close seen the previous week and did generate a green weekly close on Friday and on the highs of the week, suggesting further upside above last week's high at .82 will be seen this week. If that occurs and by more than 1 point (ie above .84), the 21-day downtrend that started on January 19th at .96 will come to a halt as the stock has not had any day during this period of time where a previous day's high has been broken by more than .1 cent. The earnings report comes out on March 8th (2+ weeks) and the probabilities of the traders covering shorts going into the report is high, suggesting this week might be the beginning of a mini run to the upside. Resistance remains decent at .95 and at .99 but a run up to the .92 level could be seen over the next 2 weeks. Support is now pivotal at .73. Probabilities slightly favor the bulls this week.

FCEL bulls were able to negate the new 5-month intraweek low that occurred last week, having generated a higher high than the previous week as well as a green close. Nonetheless, the stock closed slightly in the lower half of the week's trading range, suggesting that a retest of that new 5-month low is likely to occur before new buying interest is seen. Last week's low was 1.67 and there is minor to decent support at 1.66 and then nothing until 1.59, which is a level that is further strengthened by the 200-day MA that is currently there. The chart suggests that this coming week will be a slight down week but that what is happening is a strong base building process that when finished (in a couple of weeks) that the end result will be to the upside and perhaps strongly. Probabilities slightly favor the bears this week.

GCI generated a green weekly close and in the upper half of the week's trading range, suggesting further upside above last week's high at 11.49 will be seen this week. On a negative note though, the bulls were unable to negate the break of the weekly close support at 11.32 that occurred 2 weeks ago, having closed on Friday at 11.26. As such, the bulls have to generate further upside this week as well as another green weekly close next Friday. Minor intraweek resistance is found at 11.84. Pivotal support is found at 10.30. Probabilities slightly favor the bulls but it is unlikely that anything of consequence will occur this week.

MNK did not follow through to the downside off of the previous week's close on the lows of the week and did generate a green weekly close and near the highs of the week, suggesting further upside above last week's high at 17.33 will be seen this week and that some of the recent sell pressure has eased. The stock is now showing a possible double bottom on the daily chart with lows at 15.27 and 15.45 that if confirmed with a rally above 17.62 would likely generate some short-covering. Nonetheless, the chart only suggests that a pause in the downtrend may be occurring and that a rally back up to the $20 level might be seen. Probabilities slightly favor the bulls this week.

RENN failed to follow through to the downside off of the previous week's close on the lows of the week and generated a green close, a rally above the previous week's high and a close near the highs of the week, suggesting further upside above last week's high at 9.70 will be seen this week. The stock is now also showing a confirmed successful retest of the 200-day MA, currently at 8.58, suggesting that the worst of the recent downtrend is over and that some recovery is likely to be seen. Intraweek support is now minor to decent at 9.01 and minor resistance is found at 10.25, a bit stronger at 11.15 and decent at 11.99. Chart suggests the stock will rally up to at least 10.69 and that no drop below 9.00 is likely to be seen. Probabilities favor the bulls.

SLCA failed to follow through off of the previous week's close near the lows of the week to generate an inside week but with a green close and near the highs of the week, suggesting further upside above last week's high at 31.82 will be seen this week. The green weekly close now makes the previous week's close at 29.00 into the second successful retest of the major 2-year low weekly close at 25.44 suggesting that the recent uptrend is about the resume, or at least the previous high weekly close at 38.00 be retested. The major stumbling block to the bulls remains the 200-week MA, currently at 35.85, that is likely to be seen but unlikely to be broken unless oil continues high up to the $70 level. The key to this week is the resistance at 33.73 and the 200-day MA, currently at 33.30. A break above the intraweek resistance and a close above the line would give the bull's additional ammunition for further upside. Minor to decent intraweek support is found at 30.41 and strongly pivotal at 27.78. Probabilities favor the bulls this week.