AAPL has now rallied 15.3% over the past 3 weeks and is not yet showing any action that would suggest the bulls are finding resistance and or selling interest, other than perhaps the fact the stock got up to the psychological resistance at $200 on Tuesday (up to 200.29) and during the next 4 days the bulls were only above to gain an additional $.36 cents in value that when compared to the additional 1.7% the NASDAQ gained, it does suggest some selling interest or profit taking was found at the $200 level. Nonetheless, the stock did close near the highs of the week and further upside above last week's high at 200.85 is expected to be seen this week. When the stock made a new all-time high in 233.47 in October and then fell all the way down to 143.80, the subsequent correction upward gained 80% back of what was lost. The stock has now regained 70% back of what was lost when the stock fell back to 170.27 from the 215.31 high, suggesting that another 10% appreciation in price (up to around 202.87) could be seen before the rally peters out. It should be mentioned that there is some minor intraweek resistance at 202.85 and given that the stock remains in a mid-term downtrend and has received no positive fundamental news, it would be surprising to see the bulls gain more than that unless the indexes help out. The 200-day MA is currently at 189.65 and that is a highly viable downside objective under the current conditions. Probabilities favor the bulls this week but overall and at these prices, there is a higher probability of gain for the bears than the bulls.

ARNA did not do anything indicative this week as it basically traded the same trading range as the previous week but having had a $.9 cent gain above the previous week's high as well as $.12 cent above the previous week's low. The stock closed slightly above the midpoint of the week's trading range, suggesting further upside above last week's high at 58.89 is the most likely course of action for this week. 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 highs seen the last 2 weeks at 58.80 and 58.89 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.

BABA generated the 3rd green weekly close in a row and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 170.48 will be seen this week. Nonetheless, the stock closed in the red on Friday and near the lows of the day, suggesting the first course of action for the week will be to the downside below Friday's low at 166.77 will be seen on Monday. The stock did break above the 200-day MA, currently at 162.64, and that breakout has not yet been tested, suggesting a test of the line will occur first before the traders seek to rally the stock more. One interest chart fact is that the stock closed on Friday exactly at the level of strong support at 167.52 that held the stock up for 13 months and that when broken caused the stock to drop down to the $130 level, meaning it is a pivotal level of resistance on the weekly closing chart, and given that it is a Chinese stock, it will close higher or lower on Friday based on what comes out of the Xi and Trump meeting. I do plan to trade the stock this week as it does move a lot and a fast profit can be made by covering the short on Monday if it does drop down to the MA line.

CCJ continued its recent recovery rally, having generated a new 6-week high and the 4th green weekly close in a row. The stock closed on the highs of the week and further upside above last week's high at 10.71 is expected to be seen this week. The stock did generate a buy signal on Thursday when it closed above the high daily close for the past 5 weeks at 10.40 and now has open air above on the intraweek chart until the 200-day MA, currently at 11.32, is reached. It should also be mentioned that Gold generated a breakout from a 4-year sideways trend, suggesting that commodities may now begin to rally and given that this stock is in the ore business it is likely to benefit from that breakout. Support on a daily closing basis is now found at 10.40 but it does need to be mentioned that on an intraweek basis, the 10.30 level has been pivotal on many occasions since January 2016, meaning that drops below that level are not likely to happen anymore. As such, this stock is now a viable new purchase or to add to existing positions using a 10.25 stop loss. Probabilities favor the bulls.

CLB generated a positive reversal week, having gone below the previous week's low and then closing above the previous week's high and on the high of the week, suggesting further upside above last week's high at 55.35 will be seen this week. In addition, the negative reversal will also be seen as a successful retest of the 10-year low at 46.30 that occurred 5 weeks ago if the stock does go above last week's high, meaning that it is a strong sign that the low of this recent downtrend has been found. There is no established resistance above except on a daily and weekly closing basis at 57.17 and at 58.84 and those resistances are considered minor to at most minor to decent given they are previous lows rather than previous highs. There is no previous intraweek resistance found until 60.98 and even then that resistance is considered minor. This stock has shown a tendency in the past to generate rallies of anywhere from a minimum of $13 to a max of about $25 when a bottom to a correction is found, meaning that $59 seems to be the minimum and $71 the maximum based on that pattern. The most recent high daily close at 50.62 is now decent daily close support. Probabilities strongly favor the bulls this week.

COF made a new 4-week high but the bulls were not able to break convincingly any resistance levels given that the 6-week high at 92.27 was only broken by $.09 cents (92.36 high). Nonetheless, the stock did close near the high of the week and further upside above last week's high is expected to be seen. As such, the stop loss at 92.37 is likely to be triggered. The resistance in this area is minor in nature and with stronger and more indicative resistance at 94.38, the bulls will still not have made a statement other than a very short term and limited one. It must be mentioned that the resistance in this area, starting at 91.44 and up to 94.38 is well established spanning 3 years and 6 different occasions when this area stopped the rallies. Given that the stock is likely to break above last week's high this week, chart suggests the upside objective is 93.40, which was an important high made on October 2017 and from which a drop down to 85.17 occurred within 3 weeks. That scenario is the most probable one even though the chart suggests that only a drop back down to 86.95 will be seen. Stop loss has been raised to 94.48, though any strong confirmed breakout of the index market may cause me to consider covering of the shorts at a lower price if not stopped out. Probabilities favor the bulls this week but only for a rally to 93.40.

CPG generated the first green weekly close in the past 6 weeks and the second in the last 9 weeks but given that the stock is at a fundamentally low price and oil has generated a breakout out of its downtrend, it does suggest this rally has some legs to it. Nonetheless, the bulls still have more work to do before it can be said that the downtrend is over, starting with the fact the stock gapped up on Thursday between 3.19 and 3.23 and that gap is not supported by news. As such it should be closed soon. In addition, there is a mountain of resistance starting at 3.39 and all the way up to 3.65 that stopped all rallies for 6 months between November 2018 and April 2019 that the bulls need to overcome before new buying interest is stimulated. Nonetheless, oil and the bulls in the stock have now done enough that the 3.00 level on an intraweek basis is once again dependable support, which in turn suggests that unless oil does something above what is expected, the stock will trade between 3.00 and 3.65 for the next couple of months. Probabilities favor the bulls this week for a rally up to the 3.50-3.55 area. Any daily or weekly close above 3.50 will give the bulls additional and unexpected ammunition.

CVS generated a second uneventful inside week but on this occasion (contrary to last week), a red weekly close occurred, suggesting that not only the stock will go below last week's low at 53.23 will occur but that second retest of the recent 51.72 low is to occur as well. This in turn suggests that the merger with AETNA is still somewhat up in the air though ultimately it is likely to occur since it has gotten the blessing of Federal officials. For the last 3 weeks, the stock has been stuck between 53.02 and 55.75 and until one of those levels gets broken, that pattern is likely to continue. It is important to note that the chart clearly shows that the possibilities of going below $50 are very low and therefore the risk/reward ratio on any trade at this price level is heavily in favor of the bulls, meaning that any downside is likely to require tangible negative fundamentals news and at this price it is a very low possibility. Trading range for now is clearly established. A break of either resistance or support is likely to bring at least a $3 movement in either direction. Probabilities slightly favor the bulls.

ENG generated an inside week but the bulls did accomplish the 4th green weekly close in a row, meaning that the bulls remain with the edge at this time. The bulls did manage to close $.01 cent above an important weekly close resistance at .91 and that suggests that this coming week more upside will be seen. Nonetheless, the close was not a convincing one, meaning this week is likely pivotal, using the weekly close. Nonetheless, the news has been positive and the bears have not gotten any new ammunition, meaning that further upside is the most likely scenario. On a daily closing basis, the levels of support and resistance are clearly shown on the chart with .90 being decent support and .99 being decent resistance. There is further resistance at 1.04 that would still need to be broken before a run of consequence could be seen but a confirmed close above .99 would strongly suggest that would happen after a short period of time trading around the 1.00 level. Any confirmed close below .90 would be a deflator of mood. Probabilities favor the bulls.

FSLR made a new 13-month high weekly close and closed near the high of the week, suggesting further upside above last week's high at 64.02 will be seen this week. The new multi-month high does suggest that the recent drop down to 59.59 was a minor correction that has now run its course and that the uptrend is likely to continue. By the same token, the stock did not make a new 13-month intraweek high as the 65.28 level was not broken and that could suggest a bit more backing and filling could occur within the recent range between 59.59 and 65.28 is to be seen. The daily chart has now built decent resistance around the 64.00 level that was strengthened on Friday by going below Thursday's low and generating a red daily close, which does suggest the first course of action for the week will be to the downside. Nonetheless, there are enough positive on the chart to say that a drop below 56.54 would require negative fundamental news and a drop below 59.59 would require some new short-term selling interest. The probabilities still favor the bulls but the chart suggests a bit more backing and filling is to be seen before further appreciation occurs.

IBM continued its recovery, having generated the 3rd green weekly close in a row and closing on the highs of the week, suggesting further upside above last week's high at 139.54 will be seen this week. Nonetheless, on a weekly closing basis, the 139.70 level is pivotal and unless the trade agreement is on again, the possibilities of closing above that level next Friday are low. On an intraweek basis, minor but likely pivotal resistance is found at 141.81. That level should not even be reached, suggesting a rally up to the $140 demilitarized zone will be seen but not much else. Pivotal support is now found at 133.58, especially on a daily closing basis given that the 200-day MA is currently at 133.41. For this week though, probabilities favor the bulls inasmuch as there is an important weekly close resistance level that will be a magnet but closing above or below that level will not occur without some fundamental news regarding the trade agreement coming out. Probabilities favor the bulls this week.

LNTH confirmed the new all-time high weekly close that occurred the previous week, having made another new all-time intraweek and weekly closing high this past week. The stock closed in the upper half of the week's trading range and further upside above last week's high at 28.48 is expected to be seen this week. The upside objective using general chart guidelines is the $30 to $31 level and that is now only $1.50-$2.50 away from last week's high. The previous all-time high daily and weekly closes, both at 26.07, is now considered support that if broken would give a failure signal. Probabilities favor the bulls.