ARNA generated a negative reversal week, having made a new 30-month high and then closing in the red and in the lower half of the week's trading range, suggesting further downside below last week's low at 41.15 will be seen this week. Nonetheless, the bears failed to generate a failure signal on the daily closing chart, given that the previous 30-month high daily close is at 41.19 and though the stock dipped below 42.00 the last 4 days of the week, including Thursday when it got down to 41.15, no close below that level occurred. Intraweek support is minor at 40.29 and decent at 39.00. On a daily closing basis though, pivotal support is found at 41.19. Probabilities favor the bears at the beginning of the week but the bulls for the end of the week.

BHTG made a new 8-month low this past week and closed in the lower half of the week's trading range, suggesting further downside below last week's low at 3.90 will be seen this week. Nonetheless, the stock generated a positive reversal day on Friday, having made the new low that day and then closing in the green and on the highs of the day, suggesting the first course of action for the week will be to the upside above Friday's high at 4.07. The stock does show decent weekly close support at the 4.00 level and if a green weekly close occurs next Friday, it should generate some new buying interest. As it is, the previous 8-month intraweek low was at 3.92 and if the bulls can prevent new lows from being made this week by less than 5 points, a double bottom will be built around the 3.90 area. Minor but possibly short-term indicative resistance is found at 4.14. Above that level, there is no resistance until minor to decent resistance is reached at 4.65. Probabilities slightly favor the bulls.

CCJ generated a relatively uneventful week though it did slightly favor the bulls, given that the bears failed to generate further downside below the previous week's low in spite of closing near the lows that week and then going above the previous week's high and closing in the green. The action was supportive to the bulls though not necessarily indicative since the close was in the middle of the week's trading range and no resistance levels were broken. Nonetheless, the 17-month uptrend continues to be intact and with the green weekly close on Friday the probabilities now shift to the bulls for further upside. Daily close support is now decent at 8.82 and minor to perhaps decent at 9.02. Daily close resistance remains decent at 9.45. The 200-day MA, currently at 9.52, is pivotal resistance. A confirmed close above the MA line would likely be a strong buy signal. Probabilities slightly favor the bulls but a breakout is unlikely to occur this week.

CLF generated a negative week with a close on the lows of the week, suggesting further downside below last week's low at 7.27 will be seen this week. This could be a pivotal week given that the stock has stayed above the 200-week MA, currently at 6.90, for the past 4 weeks and the previous break above the line lasted 4 weeks before a failure signal occurred. As such, if the bulls can keep the stock from breaking the line this week, especially if the stock gets down to support and then reverses for a green weekly close, it will be a statement of increasing strength. Minor to perhaps decent intraweek support is found between 6.95 and 7.02 that needs to hold up. Short-term pivotal resistance is found at 7.95 and long term pivotal at 9.15. Probabilities slightly favor the bulls but this is an important and likely pivotal week.

ENG generated a green weekly close and near the highs of the week, suggesting further upside above last week's high at .83 will be seen this week. Nonetheless, this is a pivotal week due to the earnings report that comes out on Thursday, meaning that the sideways action seen the last 18 weeks is likely to come to an end and either a strong short-covering rally will occur or new lows be made. Probabilities favor the bulls as the stock remains in a 5-year uptrend (though slight) and in the past when previous lows were not broken after a long protracted stint of bears trying to push down, the end result has been a strong short-covering rally. There have 4 of these over the past 10 years and in every case the stock at least tripled in value in the ensuing 6-12 months. The previous major low is .68 cents, meaning that if broken the uptrend would end. Short-term pivotal resistance is at .87, stronger pivotal resistance is between .95 and .99. The 200-day MA is currently at 1.05 and if broken on a daily closing basis, would suggest the short-covering rally has begun. Probabilities favor the bulls.

FCEL made a new 6-week high and closed on the highs of the week, suggesting further upside above last week's high at 1.86 will be seen this week. Additionally, the stock gave a buy signal on both the daily and weekly closing chart, having closed above 1.80 and 1.74 respectively. Minor to perhaps decent daily close resistance is found at 1.90 and decent on both the daily and weekly closing charts at 2.02. A close above 2.02 next Friday would be considered a strong bullish statement. On an intraweek basis, a rally up to the 2.00 level is expected to be seen this week. Intraweek support is now found at 1.65 and pivotal at 1.60. Probabilities favor the bulls.

GCI made a new 18-week low and closed in the lower half of the week's trading range, suggesting further downside below last week's low at 9.67 will be seen. Nonetheless and on a possible bullish note, the stock got down to the 200-day MA on Friday, currently at 9.74, and bounced up to close on the highs of the day, suggesting further upside above Friday's high at 9.96 will be seen on Monday and if that occurs, the retest of the 200-day MA will be successful. The MA line had not been seen or tested since November 2nd and the stock has not closed below the line since September 26th when it first broke above the line, suggesting that some buying interest (perhaps of consequence) will be seen now. In addition, there is minor to perhaps decent weekly close support at the $10 demilitarized zone, suggesting that perhaps the worst is over. With the RUT index (small cap stocks) generating some decent strength this week (above the DOW and SPX), it is possible and perhaps even likely that stocks like GCI will now be seeing some new buying interest. Minor but possibly short-term intraweek resistance is found at 10.53 and slightly stronger and more pivotal at 10.81. Any green weekly close above the top of the $10 demilitarized zone (above 10.30) would be confirmation that the worst is over. Support is found at 9.39 that if broken would suggest further downside will be seen. Probabilities slightly favor the bulls.

IBM did not follow through to the downside off of the previous week's close near the lows of the week and rallied to close in the green, at the 200-week MA, currently at 158.90, and on the highs of the week, suggesting further upside above last week's high at 159.58 will be seen this week. Evidently, if the stock generates another green weekly close next Friday, the MA line will be broken and new buying interest will be seen. Nonetheless, if previous week's high at 159.78 get broken, especially if the top of the $160 demilitarized zone at 160.30 gets broken, the probabilities will turn strongly in favor of the bulls. As such, the stop loss at 160.35 should be maintained. Above 160.30 there is no resistance until 162.48. Support is now found at 154.73. Probabilities favor the bulls but it is evident the stock is at a pivotal level.

MNK bears failed to follow through off of the previous week's close on the lows of the week and at the end of the week a green close occurred. Nonetheless, once again the stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 15.79 will be seen this week. On a positive note though, the bulls were able to get above minor to perhaps decent intraweek resistance at 16.80 on Monday, suggesting that even though the bears remain in control, some buying interest is being found. The stock seems to have found a bottom, or at least a decent support level in the $16 area (based on weekly closes), given that the weekly closes for the past 5 weeks have been 16.02, 16.80, 16.16, 16.31 and 16.45. With the recent better than expected earnings report and the stock having lost 82% in value over the past 19 months, the stock seems to be ready for a short-covering rally.

RENN generated a non-eventful week, having traded within the previous week's trading range. Nonetheless, the stock generated a green weekly close and near the highs of the week, suggesting further upside above last week's high at 9.74 will be seen this week, if that occurs, a decent rally could be seen given that the high for the past 5 weeks has been 9.75. In addition, the green weekly close has made the previous weeks close at 9.21 into a successful retest of the 5-month low weekly close at 8.45. If next Friday the bulls are able to generate a close above 9.58, a new buy signal will be given. The same level of closing resistance is found on the daily chart, suggesting that the 9.58 level (on a closing basis) is pivotal this week. Above 9.75 there is minor resistance at 10.25 and then nothing of consequence until the mid 11's are reached. Over the past 5 weeks, a decent support base seems to have been built, suggesting that it is now the turn of the bulls to see some movement in their favor. Probabilities favor the bulls.

TOL failed to follow through to the downside after the previous week's close near the lows of the week and the bulls ended up generating an inside week and a green weekly close on the highs of the week, suggesting that further upside above last week's high at 45.37 will be seen this week. An additional positive is that the 200-day MA, currently at 43.30, was reached on March 1st and for the last 7 days has traded not only above it but on a short term uptrend with every day the lows being higher than the previous day's low. As such, the probabilities of a move back down to test the recent lows at some point and time are high. Support is found at 43.74 and at 43.37. Nonetheless, there is no resistance above until the 46.43-46.63 level is reached, meaning that the probabilities actually favor the stock going higher before a retest of the recent lows occurs. Overall, the upside objective remains at 48.31. The probabilities are now high that the low for the correction has been found at 42.88 and that for the next 3-6 weeks that the stock will trade between 43.50 and 48.31. Probabilities favor the bulls.