ARNA generated a strong week, having generated the 5th green weekly close in a row and closing on Friday above a decent weekly close resistance level at 43.37 (closed at 43.75). The stock closed on the highs of the week, suggesting further upside above last week's high at 43.90 will be seen this week. The strength seen is because the company is expected to release results of clinical trials on one of their products and it is expected the results will be positive. The results do not have a specific day scheduled but it was said that it would be before the end of the month, which is on Friday. Resistance is found at 45.46 and more importantly at 45.85, which is the level the bulls tried to break 12 weeks ago but failed. Evidently, the action this week will be fundamentally driven. The stock has gone straight up for the last 17 trading days and as such, if there is weakness or disappointment in the report, there is no support below until 39.50-39.75 is reached. A break above 45.85 would give the bulls control. Probabilities slightly favor the bulls.

AXP extended its rally having generated the 7th green weekly closing in a row and making another new all-time intraweek and weekly closing high this past week. The stock closed near the highs of the week and further upside above last week's high at 111.77 is expected to be seen. The stock did gap up on Thursday between 110.46 and 110.65 and there was no news to support that gap, suggesting it will be closed at some point this week and likely at the beginning of the week. Like with the indexes, no support has been built on the way up. Meaning that the closest and very minor support is at 106.47. The 200 10-minute MA is currently at 110.20 and that line has not been broken for the past 10-day, suggesting that if broken it would suggest the rally will be at least on a pause. Probabilities favor the bulls.

CCJ generated a minor buy signal on the daily chart that suggests the worst of the correction might be over. The stock closed near the highs of the week and further upside above last week's high at 10.10 will be seen this week. Nonetheless, the bulls have not yet accomplished enough to say the correction is over as a rally above 10.69 and a close above the 200-day MA, currently at 10.20, are still needed. Nonetheless, for this coming week the probabilities favor the bulls.

CLF made a new 19-month intraweek and weekly closing high and closed near the highs of the week, suggesting further upside above last week's high at 12.46 will be seen this week. There is no intraweek resistance above until very minor resistance is found at 15.40. Nonetheless, on a weekly closing basis the 13.00 level is considered decent resistance as it was the major low weekly close on March 2009 and a break of that resistance would suggest the stock is back into a long-term uptrend. There is no intraweek support nearby but a daily close below 12.00 would give a failure signal. A daily close below 10.88 would give a second failure signal. Probabilities favor the bulls this week but selling interest will start to be seen at the 13.00 level. It does need to be mentioned that if the bulls can close the stock above 13.00 for 2 weeks in a row, the probabilities would then favor rallies to the $23-$24 level.

ENG continues to meander around the 1.00 level based on a weekly close. The stock for the past 5 weeks has closed at 1.02, at 1.01, at 1.04, at .99, at 1.03 and on Friday at 1.00, suggesting neither the bulls nor the bears have the edge at this time. During this time frame, the stock has remained above the 200-day MA, currently at .98, meaning that the bulls maintain a slight edge. Intraweek resistance is at 1.12 and support at .98. Probabilities slightly favor the bears this week.

FSLR generated a positive reversal week, having made a new 11-month intraweek and weekly closing low and the closing in the green and above the previous week's high. The stock did close near the highs of the week and further upside above last week's high at 50.71 is expected to be seen this week. Nonetheless, the bulls have not yet down enough to suggest the selling pressure is gone, given that the stock still closed below the 200-week MA, currently at 50.85. In addition, the bulls also need to generate a weekly close above 51.06 to generate a failure signal. Support is now minor to decent and probably pivotal at 48.00. Probabilities slightly favor the bulls this week.

LVS generated an inside week on the weekly chart but on the daily chart, the stock now shows a successful retest of the 59.11 low with a drop down to 59.84 on Tuesday, followed by 4 higher intraweek highs. The stock closed slightly in the upper half of the week's trading range, suggesting a slightly higher possibility of going above last week's high at 61.09 than below last week's low at 59.84. If that does occur, it will give the bulls some new ammunition. Resistance is found at 62.70 that is broken would give the bulls a new buy signal. Support remains at 59.11 that if broken would give the bears new ammunition. Probabilities slightly favor the bulls this week.

MT generated a strong spike up week and a close near the highs of the week, suggesting further upside above last week's high at 32.54 will be seen this week. Nonetheless, the stock did get up to the 200-day MA on Thursday, currently at 32.54, and on Friday the bears were able to push down to close the stock in the red and near the lows of the day, suggesting the first course of action for the week will be to the downside. The MA has been strong resistance since June and the stock is likely to need for the indexes to continue higher to be able to break the line convincingly. Support of any consequence is not found until 30.05 and it is likely that level will be seen this week. Pivotal resistance is found at 32.93 that if broken would change the chart. Probabilities remain favoring the bears slightly, if only because the stock remains below the 200-day MA.

TXN generated a strong bounce up from the 102.25 low seen 2 weeks ago, having moved above the previous week's high up to 110.90 (an 8% rally) and closing near the highs of the week, suggesting further upside above last week's high will be seen this week. Nonetheless, the bulls were not able to make a clear statement as the stock did not break any resistance levels nor close in a convincing way above the previous low weekly close at 109.64 (closed at 110.05), meaning the traders will wait to see what the index market does this week before making any decisions. Pivotal intraweek resistance is found at 112.95. Likely pivotal intraweek support is found at 107.01. Probabilities still slightly favor the bears but it is a pivotal week.