ARNA has been mostly idling for the past 10 days, trading in a $2 range between 43.30 and 45.30 that gives no clues as to what direction the stock will take in the near future. The last time this small type of trading range occurred for 2 weeks in a row was 6 weeks ago and the end result was an $8.50 drop in price. As mentioned last week, the stocks seems to be building a bearish inverted flag formation that if broken (a drop below 41.50) offers a 36.80 objective, which is also where the 200-day MA is currently at. Resistance is found at 45.46 and stronger at 45.85. Support is found at 43.06 and stronger as well as pivotal at 41.50. The stock has not been reacting to the index market and therefore a rally in the indexes may not help the traders decide on a direction. As such and based on the chart, the bears have the edge.

CLF made a new 9-week low last week, having broken the previous low at 8.13 by 2 points. Nonetheless, the new low did not generate any new selling and the stock recovered to close in the upper half of the week's trading range, suggesting further upside above last week's high at 8.58 is expected to be seen this week. The company reports earnings next Friday morning and it is likely that report will be a catalyst to break out of the $1 trading range between 9.14 and 8.11 that is has been in since May 10th. The 11 analysts following the stock have a median target of $10 with a high estimate of $12 and a low estimate of $8.00. The chart is showing a positive outlook and with last week's low having been 8.11, the probabilities favor the bulls.

ENG continued to trade within its 7-week trading range between 1.06 and 1.47, having traded last week between 1.19 and 1.41. The stock did close slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high than below last week's low. The 200-week MA is now down to 1.37, suggesting that if the stock goes above last week's high that a break of that line could occur at the end of the week. A weekly close above 1.40 would also break a decent double top resistance that has been in place for the past 14-months. The stock is showing a bullish flag formation with the flagpole being the really from .78 to 1.47 and the flag being the trading range the past 7 weeks between 1.06 and 1.47. A break above the top of the flag will offer a 1.75 objective. Probabilities favor the bulls.

FCEL has been in a small trading range for the past 3 weeks between 1.30 and 1.45, suggesting that the selling interest seen after the last earnings report has waned. By the same token, the bulls have not been successful in generating any new buying interest, having been unable to even generate a rally back up to the original breakdown point on a weekly closing basis at 1.65. This suggests that the probabilities continue to favor the bears for further downside. Support is decent at 1.25 and that could be the overall downside target. By the same token, the bulls need some positive fundamental piece of news just to recover to where the stock was when it broke down and that doesn't seem to be "in the cards" at this time. As such, the stock is likely to continue to languish in this area for at least the next few weeks.

FSLR generated a red weekly close, the first in 4 weeks, suggesting that the bulls have given up on trying to generate further recovery. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 53.30 will be seen this week. The 55.70/55.75 has now been confirmed as a new and likely pivotal resistance level. Intraweek support is found at 52.11, at 51.42 and decent between 50.23 and 50.57. The stock is still showing an open gap at 48.08 that is highly likely to be closed at some point. The stock reports earnings on July 26th (a week from next Thursday) and it is likely that report will be pivotal and in my opinion, likely pivotal in favor of the bulls. As such, the probabilities do favor the stock heading lower over the next week and targeting closure of the gap. Purchases of additional shares should be considered between 48.00 and 48.50. Probabilities favor the bears this week but overall, it is difficult to see the stock fundamentally staying below $50 for very long.

TWNK bulls were unable to generate follow through to the upside last week, off of the close on the highs of the week the week before, and as such a red week occurred with a close near the lows of the week, suggesting further downside below last week's low at 13.36 will be seen this week. The long-term trend remains down but the short-term trend remains supportive, suggesting that something of consequence is likely to occur over the next couple of weeks. The company reports earnings on August 8th and it is likely that report will be catalytic. Short-term pivotal support on a weekly closing basis is found at 13.33 and on an intraweek basis at 12.95. Resistance is now likely pivotal at 14.29 and confirmatory at 14.96. Probabilities favor the bears this week but likely only for a small move below last week's low and then some recovery by the end of the week.

UGAZ made a new 9 week low but reached a 5-point uptrend line that has been in place for the past 7 months and the selling stopped, at least for last Friday. The stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 53.81 is expected to be seen. By the same token and with this being an ETF, it is an index that doesn't always respond to normal week to week outlooks. Support is pivotal at 53.02 and resistance is also short-term pivotal at 58.50. Probabilities favor the bulls for the simple reason that there is no new news and a 5-point trend line is considered dependable support.