AAPL generated a 2nd green weekly close, which is the first time it has done that since July of last year. Nonetheless, the bulls were unable to break any resistance levels as the most recent high at 159.36, seen 3 weeks ago, remained unbroken. As such, the 2 green weekly closes in a row are probably more as a result of the indexes going up 3 weeks in a row than anything the stock itself is doing. Nonetheless, the stock did close near the highs of the week and further upside above last week's high at 157.88 is expected to be seen this week. Likely short-term pivotal resistance is found at 159.36. Above that level, there is no resistance whatsoever until 164.94 is reached. The stop loss is at 159.46 but for now I have it as mental simply because the $160 demilitarized zone could act as psychological resistance and the index charts suggest more red than green will be seen this week. Nonetheless, any rally above 160.30 would suggest the $164 level will be seen. Support is last week's low at 151.27. If broken (unlikely this week) it would be a negative sign.

ARNA generated an inside week and a close in the middle of the week's trading range, suggesting the traders are unsure of what to do at this time. The stock has generated 4 green weekly closes in a row, meaning the bulls have a slight edge but given that there is some resistance at 45.11 and stronger at 45.85, it is unlikely that any decisions will be made this week. On a possible bullish note, the stock has built a bullish flag formation with the flagpole being the 10-day rally from 35.04 to 45.11 and the flag being the 10-day trading range down to 41.73. A rally above rally 45.11 would offer an upside objective of 51.80, over a 10-day period of time, if and when the flag is confirmed as such. The 200-day MA is currently at 41.11 and if a close below that line occurs, not only would the flag be negated but new selling interest seen. Probabilities favor another backing and filling week with no decisions being made.

CCJ was unable to confirm the mini-breakout that occurred last week, having once again closed below the weekly close 12.08 level that has been pivotal resistance since October. Nonetheless, there now have been 6 different occasions during this period of time that the stock has closed between 11.88 and 12.12 and such a repetitive resistance area has a high probability of resolution to the upside. Nonetheless, it probably will not happen this week given that the stock closed in the lower half of the week's trading range and further downside below last week's low at 11.67 is likely to occur this week. The earnings report is still 3 weeks away (Feb 8) and the probability suggests "more of the same" is to be seen until that report is released. Decent intraweek support remains at 11.25 and resistance is at the 2-year high at 12.78.

CLF generated another green weekly close, the 4th in a row and closed near the highs of the week, suggesting further upside above last week's high at 9.15 is expected to be seen. The stock has generated 4 green weekly closes in a row 3 times before in the last 3 years and each time within 2-3 weeks an additional 10-24% rally occurred. As such, and if the pattern continues, the stock should rally up to at least 9.90 with perhaps as high as 11.17 before any selling of consequence is seen. By the same token, the bulls were unable to break the intraweek resistance at 9.15 so that obstacle remains as a possible stumbling block this week. The 200-day MA, currently at 9.39, also looks like a possible obstacle but since April 2017 that line has not been all that effective given that it has been broken 4 times to the upside and 5 times to the downside, meaning that it has not been a dependable support or resistance level. The stock broke a bullish flag formation that offers an upside target of 9.79. Pivotal support is now found at 8.32. Probabilities favor the bulls.

CRON generated another strong move to the upside (climbed an additional 9% in value) and closed on the highs of the week, suggesting further upside above last week's high at 15.19 will be seen this week. The stock is now only $.11 cents from the all-time high at 15.30 and with no reports scheduled for this week and strong momentum to the upside, new all-time highs are likely to be made. CIBC initiated coverage of the stock this week with an outperform rating and a $22 objective. Being so close to the all-time high, the bulls are now committed to breaking that level this week. Short-term pivotal support is now found at 12.75. Probabilities strongly favor the bulls.

ENG generated a failure signal against the bears on Friday, having closed above the previous low weekly close support at .76. Unfortunately, the failure signal is not all that convincing given that it was by less than $.02 cents (closed at .779), meaning the bulls not only need to generate additional buying interest this coming week but a green close again next Friday. On a possible negative note, the .80 cent level has become decent resistance given that the stock has gone up to that level 5 out of the last 9 trading days and not broken it. By the same token, the stock did go below the previous week's low this past week and is now showing a possible retest of the .52 cent low with last week's drop down to .70, meaning that the chart could now be fulfilled to the downside and that the bulls will start coming in and buying. Evidently any rally above .80 would be seen as a positive but in order for a buy signal to be given, the .95 level needs to be broken. I do want to mention that the downside is not really much of a possibility given that the company has "no debt" and is presently valued at what the company is worth in contracts and equipment, meaning that it is more about when the upside will occur than if. Probabilities favor the bulls this week.

FSLR made a new 13-week intraweek and weekly closing high but having gotten up to 49.38 this past week, some selling interest was seen as the $50 level is being reached. The stock closed in the middle of the week's trading range, suggesting that this coming week it will likely move based on what the indexes do and not necessarily on its own. The upside objective at this time has been the $50-$51 level and given that this most recent rally started at 38.45 and that a 36% move to the upside has occurred, some selling interest, as well as backing and filling, is likely to start being seen. Support is now found at 47.34 and general support at the $47 level and since the $50 level has not yet been touched, it is highly unlikely support will be broken at this time. Probabilities continue to favor the bulls.

MCIG had an interesting week inasmuch as it generated a 1-day drop on Wednesday down to retest the 200-week MA that had been tested successfully once before 4 weeks ago. The stock got down to .1552 and if it goes above last week's high at .209, a successful retest of the recent low at .142 will have occurred and with other Cannabis stocks looking bullish, it would then be likely that buying interest will be seen in this stock. Pivotal resistance is found at .21 and pivotal support is found at .142. Probabilities slightly favor the bulls this week.

MDT generated an inside week but given that the stock closed in the lower half of the week's trading range the previous week and that no further downside was seen, as well as a green weekly close occurring, it can be said it was a short-term bullish sign. The stock closed near the highs of the week and further upside above last week's high at 88.62 is expected to be seen. If that occurs, a successful retest of the 200-week MA will have occurred on the intraweek chart. Nonetheless, the bulls are facing some resistance levels of consequence this week, meaning that further upside of consequence is going to be difficult to achieve. There is minor resistance between 88.65 and 89.08 and then decent between 89.27 and 89.72, which is further strengthened by the 200-day MA, currently at 89.68. Without news (and none is scheduled) it seems highly difficult for all of those resistance levels to be broken. As such, I will be considering taking profits at some point this week. Support is now found at 85.30 and stronger between 83.61 and 84.00. There is an open gap between 84.98 and 85.03 that is not supported by news, meaning it is likely to be closed at some point.

SLCA is on a roll, having generated the 4th green weekly close in a row and closing near the highs of the week, suggesting further upside above last week's high at 14.05 is likely to occur. Nonetheless, the stock is now only .42 cents from an important low weekly close given that the 14.47 level was major support for 6+ years (since 2012) and when broken in November caused the stock to drop to 9.30 and test the all-time lows made in July 2012. As such, it is evident the bulls need some positive fundamental news to break above such a resistance level. Oil has been strong recently and closed on Friday at 53.74, just .25 cents from a decent and pivotal weekly close resistance at 53.99 (55.25 on an intraweek basis). A break of resistance in oil would likely give the bulls the necessary ammunition to also break resistance. A failure of the bulls (red weekly close next Friday) would suggest this recovery rally is over and the traders will once again explore the support below. Intraweek resistance is found at 14.20, at 14.73, at 15.43 and pivotal as well as indicative at 15.72. Probabilities slightly favor the bears but pivotal weeks are always difficult to predict.