AAPL made a new 5-week high but got near a level of resistance from March at 197.60 (got up to 196.79) where selling appeared. In addition, there was news that AAPL was one of the biggest Tech industry losers due to the trade war with China and the stock sold off to close in the lower half of the week's trading range, suggesting that it is now possible that last week's high will be the high of the rally, especially if that is the case with the indexes. The stock did get down on Friday to the 200-day MA, currently at 189.89, and bounced to close near the highs of the day, suggesting the first course of business for the week will be to the upside. Nonetheless, if the bears can generate a confirmed close below that line this coming week, there is no support on the daily chart until 182.45 is reached and none on the weekly chart until 180.73 is reached. Short-term pivotal resistance is found at last week's high at 196.69. Probabilities slightly favor the bulls at the beginning of the week but the bears at the end of the week.

ARNA generated an uneventful inside week but did close near the lows of the week, suggesting further downside below last week's low at 54,72 will be seen this week. Nonetheless, the stock is far away from any pivotal level of consequence, suggesting that it is proceeding higher but in a backing and filling way. The closest level of pivotal support on the daily closing chart is at 53.01 and on the weekly closing chart it is at 54.32, meaning that as long as those levels are not broken, the bulls maintain their edge. There is minor to perhaps decent intraweek resistance at 59.31 from September 2009 that got just a little bit stronger with the previous week's high at 59.13 and last week's high at 58.88 but given that the bears did not accomplish anything last week, the probabilities still favor it being broken. There is stronger and more recent resistance (Jan2015) at 62.80. On a weekly closing basis, there is no resistance of consequence until 65.10 is reached. This does suggest that the bulls are still 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 generated an uneventful inside week but did close green on Friday, keeping the recovery alive. The stock closed in the upper half of the week's trading range, suggesting further upside above last week's high at 10.51 will be seen this week. The stock now shows a successful retest of the recent 9-month low at 9.91 with the previous week's low at 10.03 and a several green closes above that level since, meaning that the bulls are presently in short-term control. The recent 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 5 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 a negative reversal week, having made a new 2-week high but then reversing to close in the red and on the lows of the week, suggesting further downside below last week's low at 47.93 will be seen this week. Nonetheless, the stock had lost 39% of value over a period of 8 weeks and had made a new 10-year low, meaning that without a change of fundamentals, a successful retest of the recent low at 46.32 has to occur before any reliable buying is seen. This does suggest that any drop below last week's low at 47.93 should be bought this week, using a stop loss at 46.22, given that oil now shows a double bottom on the daily chart at 50.60/50.73 and the probabilities now favor oil rallying from here. If the stock does go below last week's low, last week's high at 51.61 will become pivotal resistance that if broken would suggest a fast rally to the $57 area. Evidently, a new low below the 10-year low at 46.32 would be seen as a negative. Probabilities favor the bulls.

COF made a new 3-week high but the bulls were not able to break any resistance levels and then the stock closed in the lower half of the week's trading range, suggesting a higher probability of going below last week's low at 89.58 and above last week's high at 92.24. As it is, the bulls came within 3 points of breaking a short-term pivotal resistance at 92.27 (got up to 92.24) and that suggests the bears are still in control. 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. With the failure to breakout, it is likely the stock is heading back down to the $86 level until such a time that either the index market breaks out or breaks down. The stock does show a gap between 87.42 and 87.99 and that gap will be a magnet now. Stop loss should now be at 92.37. Probabilities favor the bears this week.

CPG made a new 3-month low and in the process broke the most recent support level at 3.02. The stock did close on the lows of the week and further downside below last week's low at 2.89 is expected to be seen this week. The break of support did weaken the chart for the short term but there is still more important support between 2.70 and 2.74 that needs to be broken for the bears to take control. Given that oil now shows a double bottom on the daily chart, suggesting that a bottom to the downtrend may have been found, it does suggest that the stock may show a low to this recent downtrend this week and begin a recovery. Some support is found at 2.85 that could be the low this week. Indicative and likely short-term pivotal resistance is now found at 3.22 that if broken would suggest the worse is over. Nonetheless, with the break of support at 3.02, the chances of a strong rally occurring soon diminished. There is now decent resistance at 3.56 that is likely to stop any rally for at least 1-2 weeks and the 200-day MA continues to move down (now at 3.96) and that line will now require either oil doing something of consequence (likely a rally back above $60) or another positive fundamental piece of new for the company. After this week and if the stock follows the guidelines mentioned above, the probabilities favor the stock trading between $3 and $3.65 for at least 4-8 weeks. Probabilities slightly favor the bulls this week.

CVS generated an uneventful inside week but a green weekly close occurred, suggesting the bulls maintain a short-term edge. The stock did close slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 55.53 than below last week's low at 53.04. By the same token, last week's low and to the upside the recent high at 55.75 seem to both be short-term pivotal points, meaning that there is now a less than $3 trading range where something indicative could happen. There was no new news on the merger with Aetna so that is not presently affecting the stocks. 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 announced a new and prime military contract last week that caused the stock to rally intraweek 30% in value. Nonetheless, by the end of the week the bulls were only able to show an actual 10% gain. The likely reason for the fall back after the announcement is that the stock got up to the 200-week MA, currently at 1.16 (high last week was 1.18) and that line has not been broken to the upside since May 2017 (25 months) and chart selling came in that the bulls were not able to match. Nonetheless, the stock was able to make a new 8-month high weekly close and generate a new buy signal on the weekly closing chart that was of consequence as the previous 8-month weekly closing high was .88 and from that level the stock made a new 6-year weekly closing low, meaning that breaking that resistance area is indicative. The stock did close in the lower half of the week's trading range and further downside below last week's low at .75 is a real possibility. Nonetheless, the positive fundamental news that was released is likely to prevent that from happening because it is a real positive for the company. As such, the probabilities favor an inside week but a green close next Friday. It is important to note that since October 2017, the .91 cent level (on a weekly closing basis) has been indicative resistance, having been an important high on 3 difference occasions. This does suggest that if the bulls can generate another green weekly close next Friday that the bulls have established a positive change in the outlook of the company. The daily closing high last week was .987 so if the bulls are able to generate a daily close any day this week above that level, it will effectively give the bulls new ammunition. The chart clearly shows indicative daily close support at .80 and resistance at .99. Those are the two levels that will be important this week. Probabilities favor the bulls.

FSLR generated a negative reversal week, having made a new 52-week high and then turning around to close red and in the lower half of the week's trading range, suggesting further downside below last week's low at 59.71 will be seen this week. The stock found resistance at the original breakdown point at 65.04, which was the level of intraweek support that got broken the first week of June of last year and that brought about the 44% haircut down to 36.51 that occurred thereafter. There is now an important intraweek support level at 58.80 that needs to hold up for the bulls to maintain their edge. If broken, the possibilities of a stronger correction occurring will be high, given that the $65 is an important chart level that could signal a short-term top to the rally. The daily chart does show there is a decent to perhaps high probability of the stock getting back up to 63.82 this week and it would be wise to consider taking some profits there. Probabilities favor the bears this week.

IBM, like with COF, generated a green weekly close and a new 3-week high but the bulls failed to break a short-term pivotal resistance at 137.06 (high last week was 136.46) and proceed to drop to close in the lower half of the week's trading range, suggesting a higher probability of going below last week's low at 133.91 than above last week's high. If the stock does go below last week's low, it will make last week's high another successful retest of resistance and give the bears new ammunition to push the stock lower. There is minor intraweek support at 133.58 but if that level is broken there is no support until 130.96. There is still an open gap between 129.09 and 128.56 that will become a magnet if the 133.91 level is broken. To the upside, the 137.06 level remains short-term pivotal. Probabilities favor the bears this week.

LNTH made a new all-time intraweek and weekly closing high and closed near the highs of the week, suggesting further upside above last week's high at 27.12 is likely to be seen this week. The new all-time high does suggest the stock should now have a $30-$31 upside objective before a correction occurs. The previous all-time high daily and weekly closes, both at 26.07, is now considered support that if broken would suggest the new high is bogus. Probabilities favor the bulls.