ARNA extended its recent rally, having made another new 39-month intraweek and weekly closing high and closing near the highs of the week, suggesting further upside above last week's high at 49.85 will be seen this week. The stock has now closed 3 weeks in a row above the decent weekly close resistance at 48.10, meaning that the bulls have now been able to negate past history of resistance in this area and that further upside is now likely to be seen immediately. On an intraweek basis, there is a double high resistance of some consequence from March/July 2015 at 51.20 that will offer automatic selling interest on approach but given the inability of the bears to stop the rally at other previous high resistance levels from that time period, as well as the slow but consistent rally being seen. The probability of that level of resistance getting broken is now high. By the same token and even though above 51.20 there is very little intraweek resistance until the $56/$57 level is reached and even then the recent high of the past 4 years above 51.20 is not found until 62.80 is reached, on a weekly closing basis there is decent and "copious" resistance between 50.90 and 53.00 that goes back to 2009. As such, any break above 51.20 that generates an intraweek rally up to the $57-$60 level is likely to end up with a weekly close below 53.00 for at least until new fundamental information comes out. Probabilities favor the bulls this week for at least another $1 rally.

AXP generated a red week and a close near the lows of the week, suggesting further downside below last week's low at 97.31 will be seen this week. Nonetheless, the bulls were able to evade a bullet as the stock rallied sufficiently from the lows on Friday to prevent a new sell signal from being given on the closing charts, having closed above the low daily close for the past 6 weeks at 97.72 and above the low weekly close for the past 8 weeks at 98.25. The traders likely have as a possible objective of this recent mini correction, a drop down to the 200-day MA, currently at 95.71. Nonetheless, having gapped down on Friday but then closing in the upper half of the day's trading range, it does suggest that the first course of action for the week will be to the upside and a close of the gap between 99.27 and 99.51. Minor but tangible intraweek resistance is found at the $100 demilitarized zone, meaning that it is possible and perhaps even likely that a trading range between 100.30 and 95.71 could be seen this week. This would compare with last week's $4.36 trading range between 101.67 and 97.31. Pivotal support is found at 95.51 that if broken would likely bring about an additional $3 drop in price. Pivotal resistance is now found at 102.39. Probabilities favor the bears this week.

CLF continues to trade sideways, having generated an inside week last week as well as a close in the middle of the week's trading range, suggesting the traders are waiting for some type of catalyst to decide on a direction from here. Pivotal intraweek resistance is found at 9.08 and pivotal support at 8.11. The stock continues to be in an overall positive though slow upward trend, suggesting a higher probability of a breakout than a breakdown. Nonetheless, there was no sign last week that either is imminent. Probabilities favor more of the same.

ENG bulls were unable to break the 200-week MA, currently at 1.39, having generated an inside week (no follow through to the previous week's close on the highs of the week) and a red close, making the previous week's close at 1.39 not only a successful retest of the MA line but also of the 9-month high weekly close at 1.39 that was seen in September. The stock did close on the lows of the week, suggesting further downside below last week's low at will be seen. Based on the failure of the bulls to break resistance, further backing and filling and base building is expected to be seen. Intraweek support is found at 1.20, a bit stronger between 1.06 and 1.11 and decent as well as longer term pivotal at .97. Probabilities favor a drop down to at least 1.20 and possibly down to 1.11 but likely no more than that. Chart does suggest that some new support building will happen but that ultimately the end result will be a breakout. A rally above 1.47 would be a clear sign of that.

FCEL bears generated further downside gains this past week, having made a new 15-week low at 1.62. In addition, the 2-point uptrend line that started in May 2017, currently at 1.75, was also broken, opening the door for the uptrend to end and a sideways trend to begin. By the same token, the bulls were able to close the stock above the previous weekly closing low at 1.65 (closed on Friday at 1.68), meaning that no new sell signal or break of uptrend was given on the weekly closing chart, meaning that if a green close occurs next Friday that the uptrend might be recaptured. Nonetheless, the action seen this past week does mean that the bulls are on "the clock" and that something positive must be done this week or the changes seen will become longer lasting. The level that has now become absolute pivotal support is 1.45. Any break of that level will cause strong damage to the bull side. Probabilities favor the bears this week.

FSLR continued the downtrend, having made a new 8-month low this past week. The stock once again closed near the lows of the week and further downside below last week's low at 50.23 is expected to be seen this week. The stock did get into the gap area between 48.08 and 51.71, which was a gap that was created off of a much better than expected earnings report and a comment about the company being the best in the industry, suggesting that the gap is likely to be closed before any recovery rally begins. Nonetheless, with the company remaining the best in the industry and having already dropped 39% from its recent high off of the negative news from China on the industry, it does suggest that most of the downside might have been seen and that only the chart gap magnet remains as a draw for further downside. Decent weekly close support is found at 48.67 and general but also decent psychological support is found at $50, meaning that consideration can start to be given to purchasing shares this coming week below $50. Short-term pivotal resistance is now found at 54.50. Upside objective of a recovery rally is the $63 level. Probabilities favor the bears this week but a recovery rally is likely to start soon.

MSFT made a new 10-day low and a short-term sell signal on the daily chart was given. The stock closed on the lows of the week and further downside below last week's low at 100.07 is expected to be seen this week. Nonetheless, the stock remains firmly entrenched in an uptrend and no failure signal has been given yet, suggesting that further weakness this week might only be temporary. By the same token, there is no nearby support on the chart until minor support is reached at 97.23. Further support is found at 96.32 and stronger at 95.83, which is also further strengthened on a daily closing basis at 96.77, which is the previous all-time high daily close. Nonetheless and unless the index market rallies, drops down to the $96-$97 level now seem likely to occur. Pivotal resistance is now found at 102.03. Probabilities favor the bears.

NE generated a short-term sell signal, having closed below the most recent low daily close at 5.42. The stock closed on the lows of the week and further downside below last week's low at 5.08 is expected to be seen this week. The break occurred because of the weakness seen in the oil market. Minor to perhaps decent intraweek support is found at 4.88 and then decent as well as likely pivotal at 4.45, which is also a level that is strengthened by the 200-day MA, currently at 4.45. On a weekly closing basis, support is decent at 4.67. Minor to decent resistance is now found at 5.80. Oil is presently under sell pressure and likely to continue lower, meaning the stock is likely to do the same. Probabilities favor the bears this week for a drop down to at least 4.88 if not all the way down to 4.45. Nonetheless, longer tem chart outlook still favors the bulls.

RENN made a new 7-week high this past week and closed on the highs of the week, suggesting further upside above last week's high at 10.18 will be seen this week. The stock broke above the 200-day MA, currently at 9.56, on Thursday and confirmed the break to the upside with another green close on Friday, suggesting this breakout has some legs to it. By the same token, resistance of consequence is found between 10.37 and 10.44 that needs to be broken for the bulls to make a complete statement. The reason for the rally is that the cash dividend that was announced on April 30th and that was seen as a negative was clarified on Thursday and seemingly was not as bearish as initially thought, meaning that this rally could be real. Support is now found at 9.67 and down to the 200-day MA. If those supports are broken, selling interest might return. For now, probabilities favor the bulls.

TWNK generated an inside week but a green weekly close, suggesting the previous week's weakness was temporary. The stock closed in the upper half of the week's trading range, suggesting further upside above last week's high at 13.63 will be seen this week. The stock did generate a mini spike low on Thursday and a rally above Thursday's high on Friday, meaning that the previous week's low at 12.95 was tested successfully with Thursday's low at 13.15. Pivotal resistance is found at last week's high at 13.63 given that the 200-day MA is currently at 13.64. a break and close above that level will be a positive sign. Further and more pivotal resistance is found at the double high at 14.04. Chart does suggest that the stock is now ready to make some bullish moves over the next few weeks.

UGAZ made a new 4-month high and closed on the highs of the week, suggesting further upside above last week's high at 71.80 will be seen this week. There is absolutely no intraweek resistance above until decent at 81.44. Nonetheless, on a weekly closing basis there is decent resistance at the 200-week MA, currently at 77.64. This new breakout (the 2nd in the last 4 months), as well as the repeated successful retests of breakout support over the past 5 weeks, does confirm the short-term bullish outlook. Any daily close now below 68.37 would be seen as a negative. Probabilities strongly favor the bulls.