With the market at a crux and/or pivotal level, mentions this week will be based on individual charts and not on the marketplace in general. Stocks chosen this week have their own agendas and are not tied into what the indexes do.

ANGO (Friday Close at 15.10)

ANGO is a stock that over the past 14 months has suffered two negative fundamental pieces of news. The first was back in March 2006 when the company lost a patent infringement lawsuit with Diomed that cost them dearly, and then on March 6th when lower earnings were reported. The stock has fallen from a high of $28 to a recent low just below $10. During the last few weeks the stock has been able to shrug off some of that negative news and has rallied back up to the $15-$16 level where the previous support of consequence (now resistance) is located.

From a chart perspective the stock finds itself in an overbought condition and nearing levels ($15-$16) of what is likely to prove to be strong resistance. In addition, the stock has not yet had a correction of consequence from this recent rally or built a good support level from which to generate additional upside. It is likely that the stock needs to correct downward and find a new level of support before launching a concerted effort at higher prices.

On an intra-day basis resistance has proven to be strong at 15.34. During the last 11 trading days the stock has been above the $15 level 10 times but has not yet been able to get above 15.34. In addition, the 100-day MA is currently at 15.73 and the gap it left on the way down, after the most recent negative earnings report, is at 15.98. In looking at the weekly chart and going back 4 years, there have been 3 major weekly low closes between 16.15 and 16.24 as well as one major high close in the same area. It is evident that the $16 level has not only been a major pivot point but should prove to be a formidable resistance level the first time around. Support is only minor down at 12.00 and major between $9-10.

With the 100-day MA at 15.76, the gap at 15.98, and major resistance, on a weekly closing basis, up at 16.15-16.24, it seems unlikely that the stock will be able to break above all of that resistance at this time. Nonetheless, the recent resistance at 15.34 seems to be vulnerable and with the traders knowing that many stops are likely sitting above that level will likely attempt to break this recent resistance level, trigger the stops, and generate a close of the gap area at 15.98.

The resistance at $16 is very strong and if the traders are able to close that gap, will likely turn their attention to the gap that was left on the way up between 11.88 and 12.28. In addition, the stock is in dire need of building a support base, from which to attempt to break above the $16 level in the future. Such a support base would mean that a re-test of the lows is likely.

Sales of ANGO between 15.76-16.00 and using at 16.34 stop close only stop loss and having an objective of at least a closure of the gap down at 11.88 would offer a risk/reward ratio of better than 5-1.

My rating on the trade is an 8 (on a scale of 1-10 with the strongest probability rating being 10).

ORB (Friday close at 26.10)

ORB is a stock that has been in an up-trend since April 2005 when it had a low of 8.96. The stock reached a high in October 2007 at 26.32 and went into a corrective phase that ended up with a low of 21.53 in February of this year. Four weeks ago the stock reported higher earnings than anticipated and the stock rallied up to 27.88 level and new all-time highs. It seems likely the up-trend has now resumed and that the stock is looking for higher prices.

During the past 3 weeks ORB has been regressing and is now in the process of re-testing the breakout level, on a daily closing basis, at 25.91, as well as the 25.54 on a weekly closing basis. New all-time highs generally require at least one re-test of the breakout level and it seems evident that is what the stock has been doing as of late.

On an intra-day basis, resistance is found at the recent high of 27.88 (27.60 on a daily closing basis) and minor at 27.01 (26.66 on a daily closing basis). Support is found, on an intra-day basis, at 25.17. This is from a previous low, several previous highs, as well as from the 50-day MA. On a daily closing basis, previous high closes at 25.46, 25.71, and 25.91 should also be considered major support, with 25.91 being the most important.

New all-time highs as well as continuation of a 2-year up-trend are powerful indicators this stock is likely heading higher. In addition, the stock has been building what looks to be a flag formation and based on the flagpole (the rally from 23.47-27.88), if a low of 25.17 is made would offer an objective of 29.67. That objective fits in well with a possibly psychological objective of $30.

With the reversal day the stock had on Friday (higher highs, lower lows, and a close below the previous days low), it is likely the stock will be heading down toward the 50-day MA at 25.17-25.25. This drop should be seen as a good opportunity to purchase the stock.

Purchases between 25.17-25.44 and using a stop loss at 24.33 and having an objective of $30 will offer a risk/reward ratio of 5-1.

My rating on the trade is a 7 (on a scale of 1-10 with the strongest probability rating being 10).

JNPR (Friday close at 28.89)

JNPR broke out of a 6-year high when the stock traded above the 30-25-31.25 level last July. The breakout generated a rally, within a period of 3 months, up to 37.88 where the stock began a downtrend of consequence breaking down to a low of 22.48 seen April 15th of this year. In the process of breaking down the stock negated the breakout and put the stock back into a defensive mode.

During the past month, and in conjunction with the rally in the indexes, JNPR rallied up to a high of 29.49 and has generated a double top at that price. With Friday's rally up to 29.04 the double top is being re-tested and if the indexes start to fall this coming week, it is likely the stock will fall as well. The weekly chart, though, shows a possible flag formation in place and should the stock indexes rally (instead of fall), it is likely JNPR will break above the double top at 29.49 and rally up to the 30.25-31.25 level (30.39 on a daily closing basis). On the weekly chart, the rally from the 22.48 low has been straight up and no re-test of the 22.48 has been seen as yet. A rally without a re-test of the lows, especially after such a failure signal was previous given, has to be seen as very suspect to say the least.

On this recent rally JNPR has broken above the 20, 50, and 100 day MA's and now finds itself moving up to the 200-day MA, which is currently at 30.25 and exactly at the previous major resistance level giving that area added strength.

Resistance is strong at 29.46, then at 30.25 and major at 31.25. Strong support is found at 26.87 (recent low) as well as the 20 and 100 day MA's. Support below that is not found until the 23.87 level.

It is evident that after a $7 rally straight up that if the stock gets up to and above the $30 level it will be susceptible to a strong correction. In addition, with the $30 area providing major long-term resistance it is unlikely the stock will be able to break above without some major fundamental help. The double top at 29.46 looms imposing and can be sold using a sensitive stop above it, nonetheless, it is my belief that the double top will be taken out and a rally up to the 200-day MA at 30.25 will be seen.

Sales of JNPR above 30.00 with a stop loss at 31.35 and an objective of 23.87 (24.60 on a daily closing basis) will offer 4-1 risk/reward ratio. It is possible the double top at 29.54 will hold up and if you do not want to take a chance on missing the trade, sales of JNPR at 29.02 and using a sensitive stop loss at 29.56 can also be considered. If stopped out, you should then consider re-shorting the stock at the original desired entry point.

My rating on the trade is an 8 (on a scale of 1-10 with the strongest probability rating being 10).

YGE (Friday closing price 24.88)

YGE is yet another stock in the "hot" solar industry that enjoyed a very strong and positive earnings report this past week. With the prices of oil heading into new all-time highs and creating havoc with costs associated to fuel, the solar energy field has been thriving as of late and that trend does not seem will let up any time soon.

YGE has only been trading for less than 1 year but it is already evident that the $25 level has become a major pivot point in the stock. During this past year the stock has been as high as 41.50 (Dec 2007) and as low as 13.15 (Mar 2008) but the $25 level has already shown itself to be, major support as well as major resistance on 4 previous occasions during this period of time. The stock has been in a strong up-trend since the low was made in March, with each subsequent corrective low being higher than the previous one and each subsequent rally being higher than the previous one. With the positive earnings report as well as the recent strength of the industry, it seems likely that YGE has a good probability of seeing higher prices.

Support is strong between 24.00 and 24.20 from the 200-day MA as well as from 5 previous lows and 2 previous highs at that price. Resistance is minor at last week's high of 27.96 and again at 28.99. Stronger resistance is found at 32.37 and then again at 33.50. Major resistance is up at the 39.20 level.

YGE is a volatile stock with large trading ranges but with the recent and consistent up-trend, the positive earnings report, as well as the break above the pivot point level at $25, this seems like a good time to get involved on the long side.

Purchases of YGE between 24.10 and 24.30 and using a stop loss at 22.15 and an objective of 32.50 offers a risk/reward ratio of 5-1. If you wish to step up and buy the stock around 24.70 and place a sensitive stop loss at 23.90, the risk/reward ratio would climb to almost 10-1.

My rating on the trade is a 7.5 (on a scale of 1-10 with the strongest probability rating being 10). The rating would drop to a 6.5 if a stop loss at 23.90 is used.