AAPL stopped the 2-week downturn in which a 13% loss occurred to close green, above the previous week's high and in the upper half of the week's trading range, suggesting further upside above last week's high at 212.14 will be seen this week. Nonetheless, the bulls failed to close above the previous high weekly close at at 207.74, meaning that the now important 3-point trend line remains unbroken. Possibly even more important, the rally above the previous week's high opens the door for last week's high or even this week's high to become a successful retest of the 10-month high at 221.37, which is something that is required/needed for the bears to have confidence is selling. This is especially true given that 3 weeks ago, the stock broke an intraweek resistance level of importance at 215.31 that did give the short-term edge to the bulls on the intraweek chart. Like with the index market, the bulls need to generate a 2.8% rally this week just to get back up to last week's high and that is a big chore given that there won't be any new fundamental help given. Friday's low at 203.84 is now pivotal as a drop below that level would make Friday's high a successful retest of the recent high but also break the 200 10-minute MA, currently at 204.25, and given that line has only been broken once in the last 7 trading days, it would be a bearish sign. A break below the pivotal intraweek support at 199.15 would be a "dagger to the heart" of the bulls. A rally above last week's high would be a short-term positive. Probabilities slightly favor the bulls.

ARNA generated a positive reversal week, having made a new 13-week low and then closing green and near the highs of the week, suggesting further upside above last week's high at 55.83 will be seen this week. The stock did get down last week to an important weekly close support at the previous multi-year high at 50.93 with an intraweek drop down to 51.14 and buying was seen there, probably also in response to the rally seen in the indexes. This is a stock that is fundamentally positive and the bulls overall have the long term edge. Nonetheless, having closed the previous week at 54.10, the possibilities still favor more downside, at least on a weekly closing basis. To the upside there is decent intraweek resistance at 58.00 that at this time is unlikely to be broken. By the same token, if broken it will suggest that last week's low is now a new and dependable support level. I do believe the stock is likely to trade between $49 and $58 for the next 4-6 weeks as the new support level is built from which new highs can be made. Quite a few rating companies have given a $76-$78 upside objective. Probabilities favor the bulls for the beginning of the week but the bears for the end of the week.

AU generated yet another new 3-year weekly closing high on Friday, the 8th in the last 10 weeks, and closed on the high of the week, suggesting further upside above last week's high at 21.10 will be seen this week. There is a breakaway gap up between 21.53 and 21.80 that closure of that gap is the likely objective for this week. The stock already got "into the gap" a couple of weeks ago with the rally up to 21.74 and this week the gap is likely to be closed. Intraweek resistance is decent at 21.96 and though it may be premature to say that it will be broken soon, the reality is that in looking at the monthly chart, the 200-month MA is currently at 28.72 and a two-point trend line is at 27.50 and those two are clear upside objectives and/or magnets that are likely to be targeted before any correction of consequence occurs. If the stock does get above last week's high this week (likely), last week's low at 18.54 will become a new and short-term pivotal support level that if broken would at least pause the uptrend. Probabilities continue to favor the bulls strongly.

CRON generated a new 7-month low and in the process gave a failure signal, having closed below the previous all-time weekly closing high at 12.72. The stock closed on the low of the week and further downside below last week's low at 12.10 is expected to be seen. The problem is with the Cannabis industry in Canada as it seems that many of the Goodwill loans/credits that have been obtained for generating more growth in the crops do have negatives attached that will likely cause some short-term losses. One such company (Tilt Holdings) reported losses of over $500 million this past week because of this. On a possible positive note, CRON and two other Cannabis companies (TLRY and HEXO.T) have small exposure to the Goodwill loans and are not likely to be affected as much to them as the other large companies. Nonetheless, it was a drag on the Canadian Cannabis industry this past week and it is likely to continue this week. What does need to be seen is for those companies that are not as exposed to start showing recovery from the breaks of support seen this week. If CRON confirms the failure signal this coming week with another weekly close below 12.72, the chart downside objective will be the $10 level where there is prior history of support as well as psychological. Ultimately, this type of a problem is likely to be overcome as the Cannabis industry future is rosy and in its infancy. What needs to be decided this week is whether to hold the shares until the problem goes away or treat the stock as a trading vehicle for the short term. I will know more by the end of this week. If the failure signal is confirmed, the stock is likely to get into a sideways trading range between $10 and $16 for a few months or until the problems are resolved or in the rear-view mirror. Both the $10 and $16 levels have established support and resistance and given that the company is not exposed very much to the Goodwill loans that would be the likely scenario. Probabilities favor the bears this week.

ENG had an outside week with lower lows and higher highs than the week before. From a purely technical perspective, it can be called a negative reversal week given that the weekly close was red but then again, the red close was only by $.005 cents and the stock closed exactly in the middle of the week's trading range and still above the 200-week MA, currently at 1.16, and none of that supports a negative reversal week. Bottom line is that a new 53-week high was made and the stock got up to where resistance of some consequence is found that begins at 1.338 and up to 1.47, suggesting that the selloff was more a consequence of reaching resistance than any negative connotation of trend change. The stock did have a high of 1.33 and a low of 1.022 and certainly based on the action seen the last 20 weeks with the stock almost tripling in value (from $.48 to $1.33), the probabilities continue to favor the bulls at this time. Nonetheless and over a year ago, the stock did spend 12 weeks trading between 1.10 and 1.45 with 11 of those weeks having had a high of at least 1.30 and that does suggest that the stock may mimic some of that again at this time. Simply stated, the stock could see a trading range between the 200-week MA at 1.16 and see a high of as much as 1.47 and a low as low as 1.10 that ultimately should generate a breakout (rather than a breakdown). On a positive note though, the extended trading between those 2 levels a year ago was when the stock was breaking down. In looking at the 4 previous breakouts over the past 10 years, the breakout usually occurred within 1-3 weeks of the pivotal resistance levels being reached the first time. If that is the case, anytime over the next 1-3 weeks, a run to the 2.00 level could occur.

ENTG generated a positive reversal week, having made a new 3 week low and then going above and closing green and above the previous week's high, suggesting further upside above last week's high at 42.65 will be seen this week. Nonetheless, the daily chart does not suggest as strongly that further upside is to be seen, given that an inverted flag formation has been built with the flagpole being the drop from 45.12 to 40.00 and the flag being the trading range seen the past 11 days with last week's high at 42.65 as the top of the flag. A break below the bottom of the flag at 40.00 would offer an objective of 37.53. The stock is somewhat reliant on what the stock indexes go and those are certainly in the spotlight this week. A break above last week's high at 42.65 would suggest a rally up to at least the 44.00 level. Probabilities very slightly favor the bulls.

FNV generated a negative reversal week, having made a new all-time high at 96.49 and then closing red and in the lower half of the week's trading range, suggesting further downside below last week's low at 90.39 will be seen this week. Nonetheless, Gold made another new multi-year high and closed in the upper half of the week's trading range, meaning that if Gold continues higher, the stock is likely to do the same. One of the reasons why the stock may have backed up this past week is that it got close to the "general" resistance that is found $3 below a major even level like $100 (got up to 96.49) and some automatic selling occurred. In looking at the daily chart, the 90.39 low seen last week occurred on Tuesday and on Friday the stock generated a positive reversal day, having gone below Thursday's low and then closing green and on the high of the day, suggesting the first course of action for the week on Monday will be above Friday's high at 93.03. If that occurs, Friday's low at 91.05 will become a successful retest of the 90.39 low and new buying will occur. The daily chart is not as indicative as the weekly chart but in this case and with Gold looking to go higher, it is possible that the negative reversal seen on the weekly chart this past week will be negated and the uptrend continue. As it is, a high of 96.49 is not really high enough to say that the $97-$103 general resistance area has been reached, especially when these are all new all-time highs with no previous resistance built in this area yet. There is short-term pivotal resistance at 90.12 that if broken would generate some additional selling interest. As such, stops can now be raised to 89.65.

FSLR generated another red weekly close but on an intraweek basis did get down to a decent support at 58.80 (got down to 58.57) and from there a bounce occurred that took the stock up $3 to close in the upper half of the week's trading range, meaning that if the stock gets above last week's high at 63.26 this week that the low of the correction will likely have been seen. As it is, I stated for several weeks now that it is likely the stock will be trading between $59/$60 and $70/$71 for the next few months and if that evaluation is correct, the stock is now on its way back up and dips should now be bought. Minor to perhaps decent intraweek resistance is found at 63.82 that will likely determine whether the stock will head back down to test support or continue higher immediately. The chart does leave the door open for further downside as the daily chart shows support all the way down to the 56.54 to 57.78 level, though the weekly chart is usually more dependable. Probabilities are about 50-50 this week for the short-term but dips below $60, and especially below $59 should now be used to purchase shares with at 56.44 stop loss and a $70-$71 upside objective.

JD reported earnings and they were better than anticipated and the stock spiked up to recoup the 20% in value that it had lost the previous 2 weeks. The stock closed on the high of the week and further upside above last week's high at 31.45 is expected to be seen this week. The stock closed within $.26 cents of the high weekly close for the past 52 weeks at 31.55 (seen 4 weeks ago) and more importantly within $.12 cents of the 200-weekly MA, meaning that if another green close occurs next Friday, the line will be broken for the first time in 1-year. The recent 52-week intraweek high is at 32.38 that if broken will show open air above until the 35.56-38.00 level is reached. On another strong positive note, the previous week's low (prior to the earnings report) was 25.77 and when parred with the 25.48 low made 13 weeks ago, a double bottom has been created, which in turn with the positive earnings report has given the bulls strong ammunition with which to break out of the sideways trading range below the 200-week MA. Short term pivotal support will now be found at the $30 demilitarized zone. Probabilities strongly favor the bulls.

MDT made a new all-time weekly closing high and closed on the highs of the week, suggesting further upside above last week's high at 103.04 will be seen this week. Nonetheless, the stock did not make a new all-time intraweek high above 103.95 and if the bulls fail to do that this week and then the following week go below whatever low is made this week, a required and needed retest of the previous all-time intraweek high will occur. The same thing could be said about the weekly closing chart because if a red weekly close occurs next Friday, the possibility of a double top at 102.55/102.76 will open up. This stock was a bit of a gamble as a short this past week given that it has staunchly resisted selling at the time that the indexes were seeing strong selling interest. Nonetheless, if the indexes do what I anticipate they will do this week and the bulls fails to make a new all-time intraweek high and maintain it, the stage will be set for a strong round of profit taking occurring. Short-term pivotal support is found at 100.63 and stronger but longer term pivotal support is found at 98.43. This week is likely to be important, the same as with the index market. Probabilities slightly favor the bulls.

SRUTF made a new 5-month low and closed below the weekly close breakout point support at .3609 (closed at .347). This Canadian stock was also affected by the general malaise that affected the entire Cannabis industry this past week and if the failure signal is confirmed next Friday with another close below .3609, it will open the door for further downside to the .266 level. By the same token, this is not a company that is among those with a Goodwill loan/credit. It is a company that is trying to commercialize different ways to use Marijuana, such as in liquid or drinkable ways. As such and as long as Cannabis is not once again banned, the outlook for this company's future remains rosy. I bought this stock as a buy and hold and will remain holding it as I believe this Canadian problem will ultimately be on the rear-view mirror and this company could be one of the leaders in appreciation in price in the future. Intraweek resistance is found at .43 that if broken would bring in new buying interest. A weekly close next Friday above .3609 would negate this week's break. Probabilities favor the bears this week.