ARNA followed through to the upside off of the previous week's positive reversal week but much of it (if not all) could be credited to the rally in the indexes, given that the stock closed 2.7% above the previous week's close and the NASDAQ closed 2.6% above the previous week's close. The stock did close near the highs of the week and further upside above last week's high at 45.35 is expected to be seen this week. Nonetheless and like with the indexes, resistance levels above require positive news to break and that is not likely to happen this week. The stock traded in a $2.06 trading range this past week and given that the probabilities are high that the stock will reach 45.85 this week, the trading range for this week is likely to be something like 43.79 to 45.85. Intraweek support is found at 43.06 and then pivotal at 41.50. Probabilities do not favor either support or resistance breaking this week.

CLF generated an uneventful inside week though the close was near the highs of the week, suggesting follow through to the upside above last week's high at 8.65 will be seen this week. The stock for the past 8 weeks (with the exception of the one breakout week) has traded consistently in a $.47 cent trading range between 8.21 and 8.68 (based on a weekly close). With the earnings report due out on July 20th, the probabilities strongly favor the stock continuing to do the same for the next 8 trading days. Pivotal intraweek support is found at 8.11 and pivotal intraweek resistance is found at 9.15.

ENG generated a very uneventful inside week, having traded in a $.08 cent trading range and closing $.04 cents lower than the previous week's close. The stock did close near the highs of the week and further upside above last week's high at 1.28 is expected to be seen. Nonetheless, the stock has traded generally sideways for the past 6 weeks and there is no reason to believe that will change this week. Weekly close resistance is found at 1.40 and support at 1.10.

FCEL generated an uneventful week but the bulls were able to close out the week in the green for the first time in the past 5 weeks, suggesting that the selling interest has waned. The stock closed near the highs of the week and further upside above last week's high at 1.45 is expected to be seen. Nonetheless, the bears remain with the "edge" given that the 52-week uptrend has been broken and will not be negated unless a weekly close above 1.65 occurs. Nonetheless, support is decent at 1.25 and based on the action last week, it is unlikely that much further downside will be seen. Probabilities favor the stock trading between 1.25 and 1.65 for the near future or at least until the next earnings report comes out on September 8th.

FSLR generated an uneventful inside week but the stock did close near the highs of the week, suggesting further upside above last week's high at 54.74 will be seen this week. The stock has now closed green 3 weeks in a row, meaning that the previous selling interest has waned. By the same token, the gains have been minimal and not even reaching established resistance levels, meaning that there is no buying interest of consequence either. The recent trading has been in a $5 trading range and at this moment and until the earnings report comes out on July 26th (13 trading days), the probabilities suggest more of the same will be seen. Minor resistance is found at 55.70 and again at 56.88 and minor support is found at 50.23 and again at 48.50. Probabilities favor more of the same this week.

NE generated an uneventful inside week as well as a close in the middle of the week's trading range, suggesting an equal chance of going above last week's high at 6.32 than below last week's low at 6.85. By the same token, the same uneventful comment cannot be made when looking at the daily chart, given that the stock tested successfully the runaway gap 5.80 with the 5.85 low and a positive reversal day on Friday as well as generating a successful retest of the 14-month breakout high at 6.01 with a close on Thursday at 5.96 and a green close on Friday at 6.09, which does suggest that the recent uptrend has been confirmed and is likely to continue forward. Minor to decent intraweek resistance is found at 6.51, minor at 6.70, and minor to perhaps decent at 7.03. Minor support is found at 5.85, minor to perhaps decent at 5.44 and decent at 5.09. Probabilities favor the bulls given that oil is on an uptrend and further upside is expected to be seen and the stock is on a breakout above decent intraweek double top resistance.

SN generated an inside week but made a new 5-month daily and weekly closing high on Friday and closed on the highs of the week, suggesting further upside above last week's high at 4.70 will be seen this week. The stock has now spent 7 trading days above the 200-day MA, currently at 4.22, meaning that the breakout has now been confirmed convincingly and that an uptrend is now occurring. There is no resistance of consequence above until 5.25 is reached. Further and a bit stronger resistance is found at 5.75 and then strong at 6.19. If 6.19 is broken, the stock would likely target the 200-week MA, currently at 8.10. Decent and pivotal support is found at 4.23. Probabilities strongly favor the bulls, especially since oil seems to be heading higher as well.

TWNK on Monday generated a new 8-week intraweek high and a new 9-week weekly closing high and closed on the highs of the week, suggesting further upside above last week's high at 14.29 will be seen this week. The stock also closed above the 200-day MA, currently at 13.65, for 4 days in a row, suggesting that the break of the line is now eventful and convincing. Minor resistance is found between 14.50 and 14.58 and then nothing until decent between 14.88 and 14.98. Nonetheless, with this break of the MA being the 5th this year, the bulls are committed to making a statement of at least mid-term bullishness, meaning that a break above the resistance at 14.98 is the goal. There is a 2-point trendline at 14.40 that will be closely watched by trend followers. If that level holds up in spite of there being no intraweek resistance at that level, it may be indicative given that it would become a 3-point trendline if the bulls are unable to take the stock higher. Intraweek support is pivotal at 13.24 but any daily close below 13.84 would weaken the rally. Probabilities favor the bulls.