CCJ generated a positive reversal week, having made a new 5-week low and then closing in the green and near the highs of the week, suggesting further upside above last week's high at 11.42 will be seen this week. There is/was some minor resistance at 11.39 that got broken on Friday but not by a sufficient amount to call it a break. Further and stronger resistance is found at 11.68 and at 11.91. Decent resistance is found between 12.16 and 12.38. Intraweek support is now found at 11.00 and at 10.68. The key level to watch this week for the weekly close next Friday is 11.38, which is where the 200-week MA is currently located. The bulls will want to generate a close above that line next Friday or the positive reversal will lose some strength. Probabilities favor the bulls.

CLB bulls attempted to generate a positive reversal week but likely failed because of the falling oil market. Nonetheless, they did close in the upper of the week's trading range (above 85.38) which means a higher probability of going above last week's high at 88.69 than below last week's low at 82.07 will be in effect this week. Oil is expected to fall an additional $3 (to the $59-$60 level) and that is likely to keep some sell pressure on the stock. Nonetheless, the sell pressure is likely to work as a backing and filling event in the stock as well as the required/needed retest of the recent low at 82.07. The chats suggest that a drop as low as 84.00 could be seen this week. Nonetheless, such a drop also suggests that if the stock mimics last week's trading range, that a rally up to the 90.00 level is also likely to be seen. The 200 10-minute MA, currently at 35.75, was broken on Thursday for the first time in 16-trading days and is likely to continue to be of importance. Straddling the line for the first couple of days of the week is likely to occur. Probabilities favor the stock working lower at the beginning of the week and then rallying at the end of the week.

CLF generated a positive reversal week, having made a new 9-week low and then closing in the green and on the highs of the week, suggesting further upside above last week's high at 10.97 will be seen this week. The positive reversal suggests the worst of the correction is over and given that no important intraweek support was broken, it would suggest the uptrend could be resuming. The stock on Friday did go below Thursday's but also reversed to close green, suggesting that a retest of the recent low at 9.61 has occurred and that the traders will be putting their attention this week to the resistance levels above. Minor resistance is found at last week's high at 10.97, slightly stronger at 11.14 and decent as well as short-term pivotal at 11.44. Above 11.44 there is no resistance until 12.37 and then decent to strong at 13.10. Probabilities favor the bulls.

CRON generated a positive reversal week, having made a new 12-week low and then closing green and near the highs of the week, suggesting further upside above last week's high at 8.07 will be seen this week. With the stock having fallen 59% in value over the past 7 weeks, it is likely that for now the uptrend is over and that a period of sideways trading will be seen over the next few months. Nonetheless, the bears failed to make a bear statement, meaning that overall the uptrend remains for the longer term. Having gotten down as low as 6.50 this past week and in the process broken the psychological support at $10 and the general support at $7, short-term damage to the chart has been done, meaning that the $10 demilitarized zone will once again be decent resistance. For this week, there are two areas that the bulls will have to tackle successfully if they want to open the door for a rally back up to the $10 level as there is minor to decent intraweek resistance at 8.15 and the 200-day MA is currently at 7.85. If the bulls are able to break that area, then it is open air above until the $10 level is reached. Above the $10 demilitarized zone, there is decent and unlikely to be broken at this time resistance at 11.39. The probabilities favor a couple of weeks of backing and filling between support at 7.05 and resistance at 10.39. At this time though, the probabilities favor the bulls.

FSLR generated a positive reversal week, having made a new 16-month low and then closing in the green and on the highs of the week, suggesting further upside above last week's high at 43.13 will be seen this week. The positive reversal is the first seen since September 2016 and that reversal generated a 21.4% rally over a period of 6 weeks before any selling was seen again. This reversal though is likely to generate a bigger rally given that this reversal itself generated a 15.5% rally from low to high in the reversal week itself. Another decent positive is that even though the stock got down as low as 36.51, on a weekly closing basis the long-established support at the $40 level held up given that the stock closed the previous week at 39.38, followed by the green weekly close this past Friday. One additional positive sign is that the stock closed above the 42.25 level of resistance that was actually built the last time the stock generated a positive reversal week in September 2016, strongly suggesting that much further upside is likely to be seen. There is no intraweek resistance found until very minor at 48.00. In looking at the weekly chart though, there is no resistance until 49.50 level is reached. On a weekly closing basis though, there is minor but somewhat copious resistance between 45.53 and 45.88. As far a support is concerned, there is very minor support at 38.36 but given that there is no intraweek support of consequence anywhere close by, the bulls are somewhat forced to continue higher up to resistance before any pullback is seen. Probabilities strongly favor the bulls this week.

MCIG, like CRON, also made a new 12-week low and reversed to close in the green on Friday, also suggesting the worst of the correction is over. The bulls failed to break the intraweek support of consequence at .2191, having gotten down to .2200 and then turning around. The stock had broken the 200-day MA, currently at .2510, a week ago last Friday but closed above the line on Friday, also suggesting that further upside is likely to be seen this week. Minor to perhaps decent resistance is found at .27 and again at .285 and stronger up at the .30 level. The stock has shown a tendency over the past few years of trading in a trading range for several weeks before doing anything of consequence, and it seems that scenario is what will happen now with the trading range being between .25 and .28 for a few weeks.

SLCA generated a non-indicative inside week after the previous week's big drop in price. Nonetheless, the stock did close slightly in the upper half of the week's trading range, suggesting a higher probability of going above last week's high at 14.78 than below last week's low at 13.67. It is possible that the bulls might have accomplished more this past week if oil had not broken down but given that oil did break down, the action seen must be considered positive. The stock is still showing an open gap at 15.45 that is somewhat pivotal to what the traders will do. Closure of the gap will suggest the low of the correction has been made but non-closure of the gap will leave the door open for further downside. Every day this past week the stock traded above 14.50 but 14.78 was the highest level seen. Nonetheless, with the sellers not having any success this past week, the probabilities favor the bulls continuing to try and if the gap is closed, the stock should continue higher to at least 18.36 given that there is no resistance above. Probabilities favor the bulls but as long as oil continues lower, the bears will be "in the game".