ARNA followed the index action this week and generated a small follow through to the upside above last week's close. Nonetheless, the bulls were not able to make any kind of a statement, given that the stock has remained below the 200-day MA, currently at 40.95, for 57 of the past 61 trading days. The stock has broken above the line 3 times since October 5th but on the first 2 occasions the rally above the line was negated the following day and on the last occasion it was negated on the 2nd day. As such, the possibility of another rally above the line is high but confirmation of such a break remains a low probability. Minor to decent Intraweek resistance is found at 42.93 and at 43.15 and decent as well as pivotal at 43.85. Given the outlook for the index market, and the fact the stock has been following that action, a rally up to 42.93 is expected to be seen, followed by a pullback below the MA line within a day or two thereafter. The chart does suggest that at this time, the traders will continue to follow the action in the index market, so refer to that scenario for information as to what to expect from the stock. Support this week is likely to be found between 38.33 and 38.75. Probabilities slightly favor the bulls but only for some sideways trading with perhaps a rally or two above the MA line.

CCJ followed through to the upside this past week and closed above the 200-week MA, currently at 11.22 for the 3 time in the last 2 months, suggesting that the bulls are getting ready to make a statement. The stock closed on the highs of the week, suggesting further upside above last week's high at 11.70 will be seen this week. Intraweek resistance starts at 11.95, then at 12.19, then at 12.29 and pivotal at 12.78. On a weekly closing basis, pivotal resistance is found at 12.08 that if broken would suggest a fast move up to the 13.33-13.54 level. Nonetheless, a weekly close above 12.98 would generate a failure signal against the bears on the long term chart and open the chart for a rally to the next important resistance area at $17. Intraweek support is now pivotal at 10.61. Probabilities favor the bulls this week. In addition, of all held stocks this is the one with the strongest bullish outlook for the immediate future.

CLB has now generated 2 green weekly closing in a row, which is not something that had happened since the first week of October, suggest some form of recovery is now occurring. With oil also recovering and likely to generate an additional $1-$3 rally, the stock is likely to continue higher this week. The first intraweek resistance is found at 64.96 and then above that level there is no resistance until 69.50. Nonetheless, these are all old resistance levels from 2008. There are no recent intraweek resistance levels until 79.85 is reached. Even on an intraday basis, the closest obstacle is the 200 60-minute MA, currently at 70.31. Using the same intraday chart, there is a flag formation built on it that if Friday's high at 64.19 is broken (likely), a 66.63 objective is given. In using the weekly closing chart, there is no resistance above until the 69.49 level is reached. The resistance is also from 2008 but being a weekly close, it is more dependable. The stock has shown a tendency to generate rallies of at least $13 when a rally has been established and given that the recent low was 56.72, it would suggest that a rally up to the $70 level is viable. Intraday support is now found at 62.66. Daily close support of some importance is now found at 60.92. Probabilities favor the bulls this week for a rally at least up to 64.96 but probably up to near the $70 for either this week or next.

CLF like with CLB, generated a second green weekly close in a row, which is not something the stock has done since the first week of September. The stock did generate a short-term buy signal on the daily closing chart, having closed above the high daily close for the past 15 trading days at 8.37, suggesting more upside is to come. Intraweek resistance of some consequence is found at 9.15 that is further strengthened by the 200-day MA, which is currently at 9.25. A rally up to that level is likely to be seen but further upside above that area will require additional positive information. Intraweek support will now be found at 8.11. A daily close below 8.02 will turn the chart negative again. Probabilities favor the bulls this week.

CRON generated a positive week and a close near the highs of the week, suggesting further upside above last week's high at 12.19 will be seen this week. Given the recent merger news and mini correction seen 2 weeks ago to build a new support level at 9.56, the chart suggests that stock is just about ready to resume the uptrend and make new highs. The all-time high weekly close is less than $1 away (at 12.72) and with the stock having had almost a $2 trading range last week, there is a good chance a new all-time high will be made this week. Intraweek resistance is found at 13.95 and the all-time high is at 15.30. Support is now found at 9.56. Probabilities favor the bulls.

ENG had an up week and did go above the previous week's high, meaning that the bears have lost the edge they got 3 weeks ago. Nonetheless, the bulls were not able to make any kind of a statement given that a weekly close above .76 was needed to generate a failure signal and the stock closed on Friday at .74. The stock did close near the highs of the week, meaning that the bulls will have another chance to make a statement this coming week. Daily close resistance is now clearly defined at .76, meaning that 2 closes in a row this week above that level would suggest the bears have lost their edge/control. Intraweek resistance is found at .95 and then pivotal at .99. Intraweek support is now found at .65. Probabilities slightly favor the bulls this week.

FSLR got an upgrade this week with a $57 objective and a new 11-week weekly closing high was made. The stock closed on the highs of the week and further upside above last week's high at 46.60 is expected to be seen. Intraweek resistance is found at 47.79 and then nothing until the $50 demilitarized zone is reached. Having generated the previous week a successful retest of the 36.51 low seen in October, the chart now strongly suggests that the upside will now be explored with the first obstacle being the 200-week MA, currently at 50.45. Two weekly closes above the line would mean the 8-month downtrend is over. Short-term pivotal support is now found at 41.49 that should no longer be broken. The $50 level is now a clear and likely to be reached objective but on an intraweek basis, there is a good chance the stock could get up as high as the 200-day MA, currently at 54.28, though reaching that level is likely to take anywhere from 2-4 weeks. Probabilities strongly favor the bulls at this time.

MCIG generated a green weekly close, which made the previous week's close at .1549 into a successful retest of the 200-week MA, currently at .1519. The stock closed on the highs of the week and further upside above last week's high at .189 is expected to be seen this week. The bulls do have an obstacle to overcome this week as the 52-week low daily close at .182 that was broken in December will need to be broken to the upside and confirmed to give a failure signal against the bears, which in turn would give new chart ammunition to the bulls. Intraweek resistance is found a .20 that if broken would suggest the bulls have the edge back. Intraweek support is now found at .17 and pivotal daily close support is found at .1572. Probabilities slightly favor the bulls this week.

SLCA generated a 2nd green weekly close, which is something that has not happened since May of last year (8 months). The stock closed on the highs of the week, suggesting further upside above last week's high at 11.87 will be seen this week. There is no resistance above until the 13.01 level is reached, which is the previous double bottom daily closing low that was broken and when broken caused the drop to 9.30 to occur. A retest of that area is likely to be seen this week. If the bulls are able to close above 13.01 for 2 days in a row, the 14.47 level will become the objective, given that is the previous 6-year low weekly close that got broken and that caused the stock to reach these low levels. As such, the 13.01 and 14.47 levels are both objectives for the stock, if and when oil remains supported. Daily close support is now pivotal at 10.97. Any drop below 10.38 would negate the recent bull gains and give the bears back control. Probabilities favor the bulls this week.