AAPL made a new 9-month intraweek high at 221.37 the previous week and without any negative fundamental changes occurring since, a retest of that high is likely to be seen before new selling appears. By the same token and on a weekly closing basis, the bulls were unable to make a new multi-month weekly closing high, having closed at 207.74 which was below the 9-month weekly closing high at 211.75, suggesting that any rally seen this week will encounter strong selling as it nears 207.74. The stock closed near the highs of the week and further upside above last week's high at 203.53 is likely to be seen this week suggesting that somewhere between that high at 207.74, the bears will step in. There is an open gap between 206.43 and 206.74 that will work as a magnet but there is established (though minor) intraweek resistance between 208.54 and 209.15 that is likely to stop any rally. Like with the indexes, the stock got down to a level at 192.74 where no previously establish support is found, suggesting that if the retest is successful, that a drop below that low will be seen. A rally up to around 207.74 should be considered for new sales. Probabilities favor the bulls at the beginning of the week but the bears toward the latter part of the week.

ARNA reported worse than expected earnings and dropped 14.5% in value. The drop was likely aggravated by the fact that no support of consequence had been built on the way up, especially below 59.67. On an intraweek basis, there is no support until the 42.63 level is reached. Nonetheless, on a daily and weekly closing basis, there is decent support at the previous 4-year weekly closing high at 50.93 and some at the previous 5-year weekly closing high at 54.30. With the stock having closed at 54.10, another red close would strongly suggest the $50 level will be visited. Monday is likely to be short-term important for the week given that the stock closed at the 100-day MA, currently at 53.90, and that line has not been broken for the past 8 months. A red close on Monday below 53.90 would strongly increase the chances of the stock dropping further. It also needs to be mentioned that on the daily chart there is some intraweek support between 52.20 and 52.51 and given that the low for the week was 52.64, it is likely that is what caused the stock to bounce and close $1.46 above the low of the week. Nonetheless, on both charts the stock closed either near the low of the week or in the case of the daily chart, in the lower half of Friday's trading range. If the 52.20 intraweek low is broken, the likely intraweek downside objective is the 200-day MA, currently at 48.20. Friday's high was 55.95 and if broken on Monday would give the bulls a slight short-term edge. Nonetheless, intraweek resistance is now decent at 58.00. Probabilities favor the bears. The outlook for the next few weeks is likely to be a trading range between $48 and $58.

AU generated another new 3-year weekly closing high on Friday but more importantly closed above the important weekly close resistance at 19.36 from March 2014, confirming one more time that this rally is for real and likely to continue. Nonetheless, there is one more decent to perhaps even strong weekly close resistance at 21.91 that needs to be addressed before the bulls gets aggressive in their purchases. This coincides with the weekly close resistance found in Gold between $1505 and $1539 that will be difficult to break the first time around. Gold had a high this past week of $1522 and closed at $1508 but did close near the high of the week, suggesting the $1539 level will be visited. It is important to note that on an intraweek basis, the resistance is at $1575, so intraweek it could go higher than $1539. The stock closed in the lower half of the week's trading range, suggesting that some mini correction might be starting. Weekly close support though, should now be found at 19.36. Probabilities continue to favor the bulls for the long term but it is likely that for the next 1-3 weeks that the stock will see some backing and filling. On a positive note, stops can now be set at 16.72.

CPG generated a reversal week, having made a new 4-month low and giving a sell signal on the daily closing chart but then turning around to negate the sell signal and close at the same level as the previous week. This was the same situation that happened with oil, having generated a sell signal on the daily chart but then not on the weekly chart. By the same token, oil did generate a failure signal having closed on Friday below the important support at 55.25 (closed at 54.22). The action seen in oil and the stocks suggests that there is not yet enough negatives for the bulls to abandon positions but does underlie the fact that the industry has no strength at this time. The stock did close on the high of the week and further upside above last week's high at 3.15 is likely to be seen. Pivotal resistance is found at 3.40 that includes a double intraweek high as well as the 200-day MA. A break above that level would be a bullish statement. I don't believe the bulls can do it. The high for the week is likely to be somewhere between 3.23 and 3.30 and I am planning on liquidating the positions I have and scratch the trade or take a small loss as I am averaged long at 3.28. The probabilities favor either more sideways action continuing to be seen or more downside and there are likely better places to put the money to work, at least for a "trader".

CRON reported earnings this week and they were better than expected, causing the stock to gap up and above the 200-day MA, currently at 15.15. Nonetheless and almost immediately, the stock fell and the end result was a red weekly close that brings a bit of confusion to the chart. The stock closed on the low of the week, suggesting further downside below last week's low at 13.01 will be seen. Intraweek support is found at 12.72 that is of importance given that it is also the level where the previous all-time high weekly close at 12.72 is found. A weekly close below that level would generate a failure signal and likely bring additional selling interest. As such, the bulls will have to play a close game this week and allow the stock to fall below 13.01 but not below 12.72. If that occurs and the following week the bulls can get above whatever high this week brings, a needed and required retest of the recent low as well as of the breakout level will occur and that would bring in new buying interest. The better than expected earnings and the fact that this is a growth industry and not affected by the indexes, suggests the bulls will be able to pull it off. Nonetheless, it also means it is a pivotal week and those are always scary. Evidently, last week's high at 15.58 is now pivotal resistance that if broken would generate a strong buy signal. Probabilities slightly favor the bulls.

CVS reported earnings and they were better than expected and a new 6-month weekly closing high occurred. The stock closed on the high of the week and further upside above last week's high at 59.52 is expected to be seen this week. Intraweek resistance is found at the high 6 weeks ago at 60.13. Nonetheless, the resistance that is important and meaningful is the previous low weekly close 6-year low weekly close as well as the high weekly close seen in July 2013 at 61.96. If the bulls can close above those 2 weekly closes, there is no weekly close resistance until the $70 level is reached. I don't believe the bulls can get that feat accomplished this time given the likely weakness to be seen in the index market and therefore I am planning to take profit are 60.86 or slightly above. Chart suggests that a drop back down to the $56 level would likely be seen, which would be a good area to re-buy. There is no intraweek resistance above until the $66 level is reached, so there is a small possibility the stock could rally as high as that area before falling back to close around the $61 area on Friday. As far as the downside is concerned, closure of the runaway gap at 58.28 would be seen as a short-term negative. Probabilities favor the bulls.

ENG closed above the 200-week MA, currently at 1.16, for the first time in 28 months and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 1.29 is likely to be seen this week. The bulls still have more to do as there is pivotal resistance at 1.47 (1.39 on a weekly closing basis). Nonetheless, in the last 10 years the stock has shown this kind of action on 4 previous occasions and they all ended up with a strong short term rally. Using those 4 previous occasions to draw a "perfect" trend line, upside objective of this rally is the 2.00 level and likely to be reached within 8-10 weeks of the pivotal resistance breakout. If this breakout above the MA line is confirmed next Friday, the 1.47 level will be tested and likely broken within 2-3 weeks. Support on a daily closing basis is now found at the 1.10-1.11 level. Probabilities favor the bulls.

FNV generated another new all-time intraweek and weekly closing high (the 3rd in the last 4 weeks) and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 95.41 will be seen this week. The mention's objective was the $100 area and that is fast approaching. Somewhere between $97 and $103 it is likely that some correction will be seen. A new support level was built this week at 90.12, meaning that the stop loss can now be raised from last week's 85.44 to 89.65. Probabilities continue to favor the bulls.

FSLR broke the 25-trading day support at 64.16 and promptly dropped to the established support at the $60 demilitarized zone with a low at 59.67. The bulls did step up and purchased the stock and were able to rally the stock above the breakdown point at 64.16 but were no able to confirm the negation of the break with 2 closes above it. Nonetheless, the stock did close in the upper half of the week's trading range and further upside above 65.21 is expected to be seen this week. The stock is clearly showing the same type of action as is being seen in the index market and if that is the case, the stock will likely retest the recent high at 69.24 and then proceed back down toward the $60 level. Resistance will be found 67.20 and 67.99 and consideration should be given to taking profits in that area. Some minor but possible short-term pivotal support is now found at 61.80. Probabilities favor the bulls this week.

JD got down to decent intraweek support between 25.48 and 25.81 with a low at 25.77 this past week. Buying interest was found in that area and the stock bounced up to close near the high of the week, suggesting further upside above last week's high at 27.64 will be seen this week. There is no resistance until 29.70 is reached and then nothing until 30.89/31.63 is reached. Pivotal long term resistance is found at 32.38. This stock would generally move with the index market but given that it is a Chinese stock and it has been predicted that Chinese stocks will begin to outperform U.S. stocks, this could be the case with this stock. By the same token, the stock remains below the 200-week MA and given that more weakness is expected to be seen in the index market, probabilities favor the stock trading between $26 and $31 for the next few weeks, meaning that if the stock gets close to the $31 level, consideration should be given to taking profits and re-buying on dips down near the $26 level. Longer term outlook for the stock is either $36 or as high as $43. Probabilities favor the bulls this week.

SRUTF generated a 3rd green weekly close in a row as well as a new 3 week intraweek high. Nonetheless and in spite of those positive actions, the bulls have not yet been able to make a bull statement given that the 200-day MA, currently at .4268, has not yet been broken. The stock did close on Tuesday at .43, which was in effect a successful retest of the line. That retest did not bring new selling interest and therefore the bulls remain with a slight edge. A confirmed daily close above .43 would be a bull statement that would open the door for a rally up to the .5-.55 level. Support is now found at .39 that if broken would defuse some of the recent strength. Probabilities favor the bulls.