AAPL generated another green weekly close, the 7th in a row, and closed on the highs of the week, suggesting further upside above last week's high at 173.32 will be seen this week. Nonetheless, for the last 2 green weekly closes the bulls have been unable to get above the intraweek high 175.57 made on the 6th and that is considered a negative, especially when the stock has decent to perhaps even strong weekly close resistance between 174.67 and 174.97, an area where 4 high weekly closes were made between November 2017 and April 2018. With the fundamental picture for the stock being at the lowest level it has been in years, it is highly unlikely that a break of that resistance occurs without some positive fundamental news. Pivotal support is found at 168.42. A break of that level would suggest that at the very least a drop down to 163.33 would be seen. Probabilities favor the bulls this week but only for an intraweek rally to the $174-$175 level. Stop loss at 175.77 remains viable.

ARNA confirmed the break of resistance that occurred last week with another green weekly close on Friday. The stock closed on the highs of the week and further upside above last week's high at 50.40 is expected to be seen this week. There is decent intraweek resistance at 51.20 from a double high that was made in March and July of 2015 but if reached or broken, further upside is likely to be seen. Old (from 2009) and likely minor resistance would then be found at 56.40 and minor to decent at 59.30. Nonetheless and within the past 5 years, there is no resistance above 51.20 until the 62.80 level is reached. Minor but likely pivotal intraweek support is found a Thursday's low at 49.15. On a daily closing basis, important support is found at 49.63. Two closes in a row below that level would generate a failure signal. Probabilities strongly favor the bulls.

AXP was once again a copy-cat to the indexes this week, having made the 9th green week in a row but the bulls failed to generate a new intraweek high to the rally, having generated an inside week. The stock did close on the highs of the week and further upside above last week's high at 107.55 is expected to be seen but now the stock is showing 6 days in a row below the 108.47 high that was made on the 13th and that suggests the bulls are running out of ammunition. The gaps below, which were not based on news, continue to be magnets and unless the indexes continue much higher or some positive fundamental news comes out, the resistance between 108.47 and 108.72 are not likely to be broken. Pivotal support is now found at 106.62 that if broken would likely generate enough selling to close the gaps, with the breakaway gap at 104.52. Probabilities slightly favor the bulls but for a limited rally to the upside, likely followed by selling interest toward the end of the week.

BIDU reported earnings on Thursday and they disappointed, causing a negative reversal week to occur, having gone above the previous week's high but then going below the previous week's low and closing in the red and near the lows of the week, suggesting further downside below last week's low at 164,00 will be seen this week. The chart continues to look strongly bearish and now with the negative reversal week, a bearish inverted flag formation is in place that if the low if the December low at 153.78 is broken will offer at 140.67 objective. Evidently, the recent high at 176.89 prior to the earnings report is now a decent and pivotal resistance that should not be broken without positive fundamental news. Hard stop loss at 176.99 should now be in place. Probabilities strongly favor the bears this week for a drop down to at least the 160.00 level.

CCJ showed weakness all week but then on Friday the bulls generated a rally to close above the pivotal breakout level at 12.12, suggesting that the weakness had no significance other than generating one additional retest of support. The stock closed on the high of the week and further upside above last week's high at 12.33 is expected to be seen this week. The chart now suggests that the next 2 weeks will be decisive as this coming week it is likely the stock will test the recent high at 13.04 with a rally up to the 12.62-12.78 area where some resistance is found and the following week the retest of that high will either be successful or a new high made. With the bulls having broken above the 200-week MA 8 weeks ago and broken a decent weekly close resistance at 12.08/12.12, the probabilities strongly favor the bulls. By the same token, last week's weakness was unexpected and does open the door for the bears to put their toes in. A rally above 12.33 this week (likely) will make last week's low at 11.82 into a pivotal support level that if broken would suggest the 200-week MA, currently at 11.10, would be tested. Probabilities favor the bulls.

ENG generated a new 13-week intraweek and weekly closing high and closed on the highs of the week, suggesting further upside above last week's high at .90 will be seen this week. The breakout that occurred is indicative as the bulls were unable to get above .80 cents for 6 weeks in a row that the level was reached. With the bears failing to stimulate any new selling, traders are now likely to test the resistance levels above to see if those can be broken. Recent (last 4 months) resistance levels are found at .93 and at .95 and from last year at .96 and decent at .99. A weekly close above .91, followed by an intraweek break above .99 would not only suggest the downtrend is over but that a rally to test the 200-week MA, currently at 1.21, is to occur. It is important to note that the earnings report is due out on March 14th and in the past, rallies prior to the report have occurred. One note of caution, the volume has been dropping consistently over the past 2 months as the stock traded 58,000 shares on December 27th, followed by several weeks in which volume was averaging about 16,000 to the last days when volume was 2500 and 4800. Such a drop in volume suggests the traders are waiting for news before trading the stock. By the same token, the drop in volume while the stock has been rallying, does suggest the traders getting involved at this time are buyers. Pivotal support is now found at .75. Probabilities favor the bulls.

FSLR generated a new 6-month intraweek high and closed on the highs of the week, suggesting further upside above last week's high at 53.64 will be seen this week. More importantly, the stock closed above the 200-week MA, currently at 50.05, for the first time in the last 23 weeks, meaning that the 10-mponth downtrend is over and that further recovery will likely be seen. There is minor to decent resistance at 55.70/55.75 area where a double high exists but if that level is broken (looking likely), the $60-$65 level would then be the objective before any correction occurs. The $50 demilitarized zone is now considered minor to decent support, meaning that stop losses can be raised to 49.65 if and when the stock does go above last week's high. Probabilities strongly favor the bulls this week.

FNSR confirmed last week's breakout on the weekly closing chart by generating another green weekly close but a new 14-month intraweek high was made as well as a new 18-month weekly closing high was made as well. Minor to decent intraweek resistance is found at 25.41 but any weekly close above 24.60 would leave "open air" above until the 27.30 level as there is no resistance between those two levels on a weekly closing basis. Intraweek support is now found at 22.69 but any daily close below 23.44 would generate a failure signal and be reason to liquidate. Probabilities strongly favor the bulls.

IBM continued higher this week and generated another new 17-week intraweek and weekly closing high. The stock closed on the high of the week and further upside above last week's high at 139,38 is expected to be seen this week. Nonetheless, the stock closed just $,45 cents from the weekly close breakdown point at 139,70 that generated the drop down to $106 and the bulls now require a positive fundamental change to break through this area. Very minor intraweek resistance is found at 141.40 but on a weekly closing basis, the area between 139.70 and 139.99 is considered decent resistance, meaning that the upside from here seems to be extremely limited. To the downside, there is minor (perhaps very minor) intraweek support at 137.45 and then nothing until minor resistance is found at 132.12. This does suggest that if a top to this rally is found that a drop of consequence is likely to occur, with 116.70 as the objective. Probabilities slightly favor the bulls but the key word is slightly.

MCIG bulls have been unable to generate any new buying interest and the bears continue to attempt to start a new leg downward. The stock got down to the important and pivotal weekly close support at .155 but the bulls were able to repel that attack and close out the week at .16. Nonetheless, it seems the bulls need some positive catalyst to bring in new buying interest and there doesn't seem to be anything in the schedule at this time what could work as such. As such, the bears will continue to push down until they generate a break of support or the bulls impose themselves. With the drop down to .155 this week, if the sideways trend is to continue, the stock should now be moving up to the top of that trading range at .185. If that doesn't start this week, a break could be seen. Intraweek support is found at .145 but the weekly close support at .155 is pivotal Minor resistance is found at .20 and minor to decent as well as short-term pivotal at .21. A break above .21 would suggest a rally up to the 200-daily MA, currently at .241. Support is now minor to decent as well as pivotal at .155.

ORCL made a new 11-month intraweek and weekly closing high and closed on the highs of the week, suggesting further upside above last week's high at 52.60 will be seen this week. The only resistance left is the all-time high at 53.48 and the all-time high weekly close at 52.97, meaning that both of those levels are likely to be tested this week. Nonetheless, the entire area between 51.85 and 53.48 (all-time high) has been a brick wall since first reached in June 2017 (20 months ago) and that means that the bulls will need help to break through. Pivotal support is now found at 49.82. If broken, it will be a sign that the rally has found a top. Probabilities slightly favor the bulls this week.