ARNA made a new 52-month intraweek high and a new 59-month weekly closing high and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 59.13 will be seen this week. There is minor to perhaps decent resistance at 59.31 from September 2009 and a bit stronger and more recent (Jan2015) at 62.80. Nonetheless, both of those resistance levels from those years were broken on Friday based on the weekly closes. On a weekly closing basis, there is no resistance of consequence until 65.10 is reached. This does suggest that the bulls are in control and that the intraweek resistance levels will not pose as much resistance as the weekly close resistance levels, suggesting the $65 level is the next objective before any correction of consequence is seen. Based on the recent action and the new breakout, the 52.30 intraweek low has become decent and pivotal resistance, meaning the stop loss can now be raised to 52.20. Probabilities favor the bulls.

CCJ confirmed the previous week's positive reversal, having generated a higher high than the previous week as well as a green weekly close. Nonetheless, the bulls were unable to close the stock in the upper half of the week's trading range, suggesting that a drop below last week's low at 10.03 will be seen this week. By the same token, the stock now shows a successful retest of the recent 9-month low at 9.91 with Thursday's low at 10.03 and a rally above Thursday's high and a green close on Friday, meaning that it is not a high probability that the bears will be able to take the stock below last week's low this week. On the other hand, a drop below 10.03 but not below 9.91 could be seen and if that occurs and upside is seen the following week, it will be suggestive that a bottom has been found on both charts. Evidently, last week's high at 10.63 has become pivotal as a break above that level will not only confirm the successful retest of the low on the daily chart but give the bulls new chart ammunition. It has now been 4 weeks since the bears took the stock down to the $10 level but the demilitarized zone has stood firm, suggesting that without a negative fundamental news that the bulls are ready to take back some control. Probabilities favor the bulls.

CLB generated an inside week but a green weekly close, meaning that the 6-week down move has stalled. Nonetheless, the stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 47.67 will be seen this week. Oil got down to the important $50 level of support and then rallied enough to close above the important and pivotal weekly close support at 53.99, suggesting that no further downside will be seen. This does suggest that the stock may have also found a bottom with the previous week's low at 46.32, meaning that if the stock does go below last week's low it will likely be the required/needed retest of the low before a recovery rally is seen. As such, adding positions should be considered this week on any move below 47.67, using a stop loss at 46.22. Pivotal resistance is now found at last week's high at 51.32 that if broken would generate a minimum rally back up to minor resistance at the $57 level. Nonetheless, the weekly closing chart suggests that if a bottom has been found the the $59 level would be the minimum rally seen. Probabilities favor the bulls.

COF recovered all that was lost the previous week but overall the bulls did not accomplish anything of consequence. Using the weekly closing chart, the stock strongly suggests it is trading in an 85.75 to 90.78 trading range that is unlikely to be broken without new fundamental news or a breakout or breakdown in the index market. The stock did close near the highs of the week, suggesting further upside above last week's high at 90.95 will be seen this week. Nonetheless, unless the bulls can get above the intraweek resistance at 92.27, the probabilities will favor a move back down toward the $86 level. The stock did gap up on Tuesday between 87.42 and 87.99 and that gap will be a magnet. By the same token, if the stock gaps up again and/or gets above 92.27, the bulls will take control and further upside and perhaps of consequence would then be seen. Stop loss should now be at 92.37. Probabilities slightly favor the bears.

CPG generated another red weekly close, the 4th in a row and the 7th out of the last 8 weeks. The stock closed slightly in the lower half of the week's trading range, suggesting a slightly higher chance of going below last week's low at 3.00 than above last week's high at 3.41. Then again, oil did show signs that a bottom to the correction has been found and that a recovery is to begin and that would be a strong plus for the stock. Any rally above last week's high would suggest the correction is over. Resistance is found between 3.45 and 3.59 that if broken would be a signal that the stock is ready to at least generate sideways action to perhaps resumption of the uptrend. Support continues to be found at the 3.00 level. Probabilities slightly favor the bulls.

CVS merger with Aetna was approved by the Justice department and 5 key states and it did give the stock a boost last week, having made a new 4-week high. Nonetheless, there is still a cloud hanging over the merger as a Federal judge continued to question the merger. Nonetheless, the probabilities do favor the merger going through and that offered enough ammunition to support the recent low at 51.77 as a likely bottom to this downtrend. The stock closed slightly in the lower half of the week's trading range, suggesting a slightly higher chance of going below last week's low at 52.46 and above last week's high at 55.75. Nonetheless, several rating companies issued a buy rating on the stock, meaning that dips are now likely to find buying interest. Short term pivotal resistance is found at last week's high at 55.75 and mid-term pivotal resistance is found at 57.75. Support is found at 52.04 and at 51.77. Probabilities favor the bulls.

ENG continued to show support that helped generate the 3rd green weekly close in a row and above a level that has proven to be resistance at .80. Nonetheless, the bulls still need to generate a weekly close above .88 to bring increased buying interest and that is still not something that the bulls have been able to accomplish. The stock did close near the highs of the week and further upside above last week's high at .85 is expected to be seen this week. The 200-day MA is currently at .82 and for the past 8 trading day, the stock has been closing at the line or slightly below. As such, a confirmed daily close above .84 would likely bring about increased buying interest. Pivotal daily close support is now found at .68. Probabilities slightly favor the bulls.

FSLR made a new 52-week intraweek and weekly closing high and closed near the highs of the week, suggesting further upside above last week's high at 63.27 will be seen this week. The new highs do open the door for resumption of the uptrend given that the weekly close resistance area between 61.22 and 61.76 was pivotal and if confirmed next Friday with another close above that area will not only open the door for a rally up to the next resistance level at $70 but also mean that the 1-year downtrend is totally over. Stop losses can now be raised to 56.44 but any weekly close from now on below 61.22 would be considered a negative failure. Probabilities strongly favor the bulls.

IBM, like with many stocks attached to the action in the index market, generated a rally and a green weekly close on Friday. The stock closed near the high of the week and further upside above last week's high at 134.72 is expected to be seen. Nonetheless, the stock did not accomplish nearly as much as other index related stocks given that the stock is still almost $6+ dollars away from a pivotal resistance level and still $1.78 cents away from a short-term pivotal resistance, meaning that the bears seem to still be in control. Short-term pivotal intraweek resistance is found at 137.06 and the 200-day MA is currently at 133.95, none of which was at risk of being broken last week. The stock gapped up last Tuesday between 128.56 and 129.09 and that gap will be a magnet unless the bulls can accomplish breaking the resistance levels above. Probabilities slightly favor the bears this week.

LNTH generated a positive reversal week that keeps the bulls in control. The stock closed near the highs of the week and further upside above last week's high at 25.71 is expected to be seen this week. Pivotal intraweek resistance is found at the all-time high at 26.40 that if broken would mean resumption of the uptrend after 10-weel sideways trading range would occur. Short-term pivotal support is found at last week's low at 23.23. Probabilities favor the bulls.