ARNA generated an inside week and a green weekly close, meaning that the weakness seen the previous week and lack of follow through this week does not suggest a trend change has occurred. The stock closed near the highs of the week and further upside above this week's high at 46.71 is likely to be seen this week. Nonetheless and still on a bear note, the chart suggests that an inverted flag formation is being formed that offers a downside target of 39.70 if 44.56 is broken. Resistance is found at 47.64 that if reached would weaken (but not negate) the inverted flag formation. A rally above 47.64 would a mini bull statement and negate most of the negatives stated above, and give the bulls new ammunition. If the resistance at 47.64 is broken, there is no resistance until 49.65. Below 44.56, there is no intraweek support until 41.50 is reached. By the same token and on a daily closing basis, there is support at 42.25, which is where the 200-day MA is currently at. Probabilities favor the bulls this week but only on a limited basis.

BIDU generated an inside week but a green weekly close and near the highs of the week, suggesting further upside above last week's high at 170.95 will be seen this week. For the past 6 weeks, the stock has had a bearish tone to it but if the previous week's high at 173.52 is broken, the chart outlook will change to a sideways or even possibly to an uptrend for the short term. As such, stops should be lowered to 173.62. The stock did gap up on Friday between 168.04 and 168.75 and even though this stock has shown a tendency for gaps, so far every single gap this past year that was not supported by news (this one isn't) has been closed. Closure of the gap will give the edge back to the bears. It is important to note that since December the stock has not participated in the market rally, having only rallied 3.5% while the SPX has rallied over 22%, meaning that the bears are still in control. Short-term pivotal support is found at Thursday's low at 166.15. If that level is broken, a drop back down to at least $160 is likely to occur. Probabilities favor the bulls but only for a small rally above last week's high.

CCJ negated the failure signal given 2 weeks ago, having made a new 26-month weekly closing high. The stock closed on the highs of the week and further upside above last week's high at 12.47 is expected to be seen this week. Intraweek resistance is found at 12.78 and again at 13.04 but having now tested the breakout 200-week MA without breaking it, it does suggest that the bulls are now back in control and that an attempt at the decent 3-year intraweek resistance between 13.36 and 13.59 will now happen. It is important to note that the 12.98-13.36 level on a weekly closing basis is long-term pivotal. A weekly close above 13.36 would be a major sign that the long term downtrend is over and that a sideways trend with a likely short-term objective of $20 would occur as long-term investor short-covering would be seen. Important and highly pivotal support is now found at 11.29. Probabilities favor the bulls.

ENG generated the 3rd week in a row of a weekly red closes and closed on the low of the week, suggesting further downside below last week's low at .76 will be seen this week. On a possible positive note, for the past 6 months, the stock has been in the process of building and inverted Head & Shoulders formation that is now likely fulfilled as there is decent weekly close support at .76 that should not be broken, especially since the stock in the past 3 years has not generated 4 red weekly closes in a row. On an intraweek basis though, the stock could get down as low as .73 where decent intraweek support is found. Once again, the company did not report earnings though they did report the opening of a new office in downtown Denver. One site had the company reporting earnings this week on the 21st. This is a company that has zero debt so the risk of lower prices is small.

FSLR generated a strong turn around to make a new 8-month intraweek high after having retested the 200-day MA successfully a week ago Friday. The stock did close in the upper half of the week's trading range, suggesting further upside above last week's high at 55.66. The bulls have continued to have problems getting above the 9-month high at 55.75 but with the previous week's drop down to 49.06, in which the 200-day and 200-week MA's were tested successfully, as well as the right shoulder of an inverted Head & Shoulders formation built, it does suggest that the bulls are ready to make a statement this week or at the latest the following week. The H&S formation if broken (a break above 55.75) offers a 74.99 objective. By the same token and even though that H&S formation objective seems unreachable at this time, the weekly chart does not show any resistance of consequence until 65.51 is reached. In addition, this Barron's article came out on Friday and it suggests that the Solar Industry has gotten "their power back". The stock did generate 2 red days this past week after the stock reached resistance and it did close on the low of the day on Friday, suggesting the first course of business for the week will be to the downside, with either 52.40 or 50.60 as the possible objectives. Nonetheless, this is now a stock that is ready to breakout and further purchases of the stock should be made on this week's dip. Evidently, any drop below the previous week's low at 49.06 would be a negative sign. Probabilities favor the bulls.

FNSR generated an inside week with a green weekly close and a close near the high of the week, suggesting further upside above last week's high at 23.97 will be seen this week. The green weekly close makes the previous week's close at 23.43 into a successful retest of the weekly close breakout at 23.35 and suggests the stock is ready to resume the uptrend. On a caution note though, the bulls had a lot of trouble this past week getting above the 23.97 level, having gotten to 23.95 on Monday, 23.93 on Tuesday, 23.94 on Wednesday and 23.97 on Friday. As such, a possible inverted flag formation has been built on the daily chart that if broken (a break below 23.21) would offer a 22.41 objective that for all intents and purposes would stop the rally. I am therefor raising my stop loss to 23.11. Pivotal resistance is found at 24.77 that if broken would once again open the door to the mention's objective at $28. Probabilities favor the bulls.

IBM generated a new 5-month weekly closing high and closed near the high of the week, suggesting further upside above last week's high at 140.33 will be seen this week. Nonetheless, the bulls had the opportunity to make a statement last week with the indexes breaking out and they were not able to do so, having still closed below the decent weekly close resistance at 139.70 and not breaking above the most recent intraweek high at 140.45. It is evident that the bulls need for the indexes to continue higher and pull the stock up and that seems to be what will happen this week. An intraweek break above 140.45 and/or a daily close above 140.30 will open the door for a rally up to the 200-week MA, currently at 149.66. As such, the stop loss mentioned at 140.55 will remain in effect this week. By the same token, this is a stock that has shown weakness and only has rallied because of the index rally, meaning that it will continue to be an attractive short to be re-shorted at a higher level if stopped out. Given that my chart evaluation suggests the SPX will be moving up to the 2895 level over the next 2-3 weeks and then generate a negative reverse in April, if stopped out of the trade this week, re-shorting of the stock should be done by the first week of April. Pivotal support is now found at 133.58 that if broken, would give the bears control again. Probabilities favor the bulls this week.

MCIG broke down this past week and made a new 28-month low. The weekly close support at .155 was broken as well as the 200-week MA, currently at that price as well and a close near the lows of the week occurred, suggesting further downside below last week's low at .1157 will be seen this week. There is no support below until .09-.0825 is reached. Stop loss orders were hit and is likely the reason that the stock fell 25% in value as I have been unable to find any news that could have generated such a drop. As such, it is possible that the stock will recover this week and not confirm the break. Nonetheless, if the break is confirmed (likely), holding on to the stock is not an option. Last week, I gave you an article that stated that this company is too small to compete against the big companies in the industry and that in the long run is likely to fail. As such, I will be looking for an exit point this week unless the company can recover. A likely pivot point to watch is .125, which was a previous intraweek low of consequence. Probabilities favor the bears.

ORCL reported earnings this week and the initial evaluation was that they were less than expected and the stock fell 4.7% before recovering to generate another green weekly close. Nonetheless, the close was still $.03 cents below the all-time high weekly close at 52.97, meaning that this coming week is pivotal as a red close would create a double top that would be difficult to negate. By the same token, the stock did close in the upper half of the week's trading range and further upside above last week's high at 53.47 is expected to be seen and with the indexes likely heading higher for the next couple of week, it does suggest the bulls will be able to make a new all-time intraweek and weekly closing high and negate the reasons for the short having been mentioned. Simply stated, if the stock continues higher this week, this stock will cease to be of interest in the near future as a short. Pivotal support is now found at 51.00 that if broken, would suggest the mention's downside objective of $44 would be "on again". Probabilities favor the bulls.