AAPL generated a negative reversal week, having made a new 13-week high and then going below last week's low and closing red and in the lower half of the week's trading range, suggesting further downside below last week's low at 169.50 will be seen this week. Nonetheless and like with the indexes, the stock did generate a positive reversal day on Friday and the first course of action is likely to be a retest of last week's high before the traders get bearish on the stock once again. Resistance will be found at the previous high seen the first week of February at 175.57, which should not get broken unless the bulls are able to generate new buying interest (unlikely). By the same token, intraday resistance will be found at 174.23, which is further strengthened by the 200 10-minute MA, currently at 174.19, that is likely to hold up (not broken). If that is the case, the selling interest will resume almost immediately. Downside target for the week is likely to be the 166.46 level.

ARNA generated a negative reversal week, having made a new 50-month high and then reversing to close below last week's low and near the lows of the week, suggesting further downside below last week's low at 44.56 will be seen this week. It must be mentioned that the 51.20 level had been decent to perhaps strong resistance since March 2015, having generated a double high at that price. The bulls were able to break above that level this week, having made a high at 51.63, but when there was no follow through seen, the bulls were quick to take profits. There is no support on the weekly chart until 41.50 is reached but on the daily chart, support is found at 43.06 and then nothing until 41.76. The 200-day MA is currently at 42.25 and given the long term bullish outlook for the stock/company, these levels of support are likely to hold up. Resistance is now found at 48.85, stronger at 50.05 and even a bit stronger (due to the negative reversal seen) at 51.20. Probabilities favor the stock trading for the next 4-6 weeks between $42 and $51 with a decent possibility that $42 will not be seen but that $43 will be seen. If the 41.50 level of support is broken, there is no support of consequence until 36.80.

AXP generated a negative reversal week, having made a new 14-week high but then closing red and in the lower half of the week's trading range, suggesting further downside below last week's low at 106.68 will be seen this week. Like with AAPL, the stock generated a positive reversal day on Friday, suggesting the first course of business for the week will be to the upside and above Friday's high at 108.07 will be seen on Monday. The stock gapped down on Thursday from 108.85 so closure of the gap is the likely objective of the bulls as there was no news to support a gap occurring. Resistance is found at 108.47 and stronger at 108.85, meaning that both the gap and resistance are at the same level, suggesting that will be the high for this coming week. The stock shows pivotal support at 106.61 that if broken would suggest a drop down to the 200-day MA, currently at 103.30, would occur. Probabilities favor the bears this week after a rally to close the gap occurs.

BIDU generated a positive reversal week, having gone above and below the previous week's trading range and then closing in the green. On a possibly negative note though, 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 158.44 than above last week's high at 173.52 this coming week. The stock did gap down on Friday between 164.90 and 164.71 and given that there was no news to support the gap, it is likely that will be the objective of the traders for the first part of the week. The stock shows no resistance on the daily chart until 168.45 but on the intraday chart, the 200 10-minute MA is currently at 165.55 and given that there is also some intraday resistance of some consequence at 165.50, I would not expect that level to be broken. The support at 158.44 is short-term pivotal because if broken there is no support until the recent 3-year low at 153.78 is reached. If that level is broken, there is no support until 139.78 is reached. Probabilities favor the bears.

CCJ generated a positive reversal week, having made a new 10-week low but then closing in the green on Friday. The stock did get down to the 200-day MA, currently at 11.30, with a low at 11.29. If the bulls are able to get above Friday's high at 11.67, it will become a successful retest of the line and new buying is likely to appear. The same can be said about a successful retest of the 200-week MA, currently at 11.09, if the bulls can get above last week's high at 11.86. Given that the stock closed near the highs of the week on Friday that is now a high probability. If a successful retest of the 200-week occurs, it will fulfill the chart to the downside and leave the bulls in control of the stock from a chart perspective. Pivotal resistance is found at 12.39 that if broken would suggest the uptrend has resumed. Probabilities favor the bulls this week.

ENG, as expected, went below last week's low at .80 cents but then again only by .01 cents, suggesting that the bears have not regained control. The stock did close on the lows of the week and further downside below .79 is expected to be seen this week. Decent intraweek support is found at .75 and at .73 that is likely to be seen this week but not broken. Weekly close support is found at .80 and at .76 that should not be broken either. Traders are waiting for the earnings report but the company keeps changing it. One site has the report coming out on Tuesday morning but another side has the report coming out on Thursday the 21st. Until the report comes out, the stock is likely to remain in the recent trading range.

FSLR generated a second down week in a row and did get down to the 200-day and 200-week MA's, currently at 49.60 and 50.05 respectively. The stock generated a positive reversal day on Friday, meaning that if the stock goes above Friday's high at 51.36 that a successful retest of the daily MA will have been accomplished. The stock did close slightly in the lower half of the week's trading range, suggesting a higher probability of going below last week's low at 49.06 than above last week's high at 53.68. Nonetheless, the $2.10 bounce from the lows strongly suggests that the $50 level is now a decent to perhaps even strong support area on a closing basis and if the bulls can get above the intraday resistance at 51.65, which includes the 200 10-minute MA, there is open air above until 54.00. Pivotal support is found at 48.76 that if broken would weaken the bulls hand. Probabilities favor the bulls this week.

FNSR generated a red week but the stock closed on Friday at the previous multi-month daily closing high at 23.43 and just a few points above the previous multi-month weekly closing high at 23.35, meaning that if a green close occurs on Monday it will be seen as a successful retest of the breakout point on the daily chart and if a green close occurs next Friday, the same thing will occur on the weekly chart. This retest is not an unexpected event as breakouts usually are tested before new buying is seen. The stock did close near the lows of the week and further downside below last week's low at 23.21 is expected to be seen. Nonetheless, it is interesting to note that the 200 60-minute MA is currently at 23.35 and that line has not been broken to the downside for the past 30 trading days, suggesting that even if further downside below last week's low is seen, it will likely be limited in scope and time. There has been no negative news to fundamentally support this mini correction, meaning that the probabilities strongly favor a turn around to the upside and a resumption of the uptrend. Pivotal intraweek support is found at 22.33 that if broken would change the chart outlook. Intraday resistance is found at 23.68 and then nothing above until the recent high at 24.77 is reached. Probabilities favor the bulls this week.

IBM generated a red weekly close in conjunction with a 3% drop in price, meaning that the weekly close seen 3 weeks ago at 139.25 is now a confirmed retest of the decent breakdown point resistance at 139.70. The stock closed near the lows of the week and further downside below last week's low at 133.58 is expected to be seen. Minor but likely short-term pivotal resistance is found at 136.65 that is further strengthened (on a daily closing basis) with the 200-day MA, currently at 135.85. Simply stated, at this time any rally above 136.65 would give the bulls ammunition they presently do not have any more. To the downside, pivotal intraweek support is found at 132.19 that if broken would likely generate a drop down to the $124-$125 area. Probabilities favor the bears.

MCIG had an uneventful week in which neither the bulls nor the bears accomplished anything of consequence. Once again though, the stock closed near the lows of the week and further downside below last week's low at .15 is expected to be seen. Nonetheless, the stock had the same scenario going into this past week and nothing happened, suggesting the bulls and the bears are split evenly at this important weekly closing price at .155, which does include the 200-week MA. 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. I have to say that based on the fundamental picture that probabilities favor the bulls this week.

ORCL generated a positive reversal week, having gone below and above last week's trading range and then generating another green weekly close, bucking the action seen in the indexes. By the same token, the bulls have not yet been able to get above the all-time intraweek high at 53.48 or close above the all-time weekly closing high at 52.97, meaning that in spite of the 11-week green close rally, the bulls have not yet accomplished anything of consequence. The stock closed near the highs of the week and further upside above last week's high at 53.13 is expected to be seen. It is evident that this coming week is pivotal as the stock is only $.35 cents away from the all-time intraweek high and only $.20 away from the all-time weekly closing high, meaning that some decision is likely to be made this week. Support is found at 51.57 and then again but more indicative at 49.82. Probabilities favor a rally to the all-time high but it is unlikely a new high will be made if the indexes do not rally as well.