AAPL generated a negative reversal week, having made a new 3 week high and then turning around to close in the red and near the low of the week, suggesting further downside below last week's low at 201.00 will be seen this week. The stock traded 85% of the week above the pivotal weekly close resistance at 207.74 only to fall in the last 5 hours of trading on Friday below that level. The inability of the bulls to stay and close above that level though trading above it most of the week, suggests that the upside attempts are now over and that the downside will now be explored. There is minor but clearly short-term pivotal support at 199.67 and it has a bit of importance as it also represents the psychological support at the $200 demilitarized zone. Below that level and on the daily chart, there are very minor supports at 198.41 and at 195.29 but on the weekly chart there is also some very minor support at 198.41 that if broken suggests the recent low at 192.58 will be seen. If that level is broken, there is no support below until the $180 level is reached. A weekly close next Friday below 200.92 would make the $180 level a viable and likely downside objective. To the upside, there is intraweek resistance at 208.48 and on a weekly closing basis, yet pivotal at 207.74. Probabilities favor the bears.

ARNA generated a negative reversal week as well as a new 3-month weekly closing low, suggesting the recent downtrend continues. The stock closed on the low of the week and further downside below last week's low at 53.46 is expected to be seen this week. The recent intraweek low at 51.14 is considered support but the probabilities favor that level being broken and a drop down to the 200-day MA, currently at 49.09, seen. On an intraweek basis, there is support at 47.92 and at 47.00 that if broken would suggest the uptrend is over or at least paused until new fundamental news comes out. On a weekly closing basis, there is important support at 50.93 that seems unlikely to get broken as it would generate a failure signal and given the fundamental outlook for the stock, that seems unlikely to happen. As such, this week could be a buying opportunity on drops near the $49 level using a stop loss at 46.65. Upside objective remains the $65-$67 level. To the upside, last week's high at 58.43 is now pivotal resistance that if broken would put the stock back on the uptrend. Probabilities favor the bears this week but it could be a good buying opportunity.

AU made a new 6+-year intraweek and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 22.77 will be seen this week. On an intraweek basis, there is no resistance above until the $30-$31 level is reached but even then that resistance is more than 17 years old. There is however a 2-point trend line using previous highs over the past 5 years that connects around 25.85 and on a weekly closing basis, that may be the short-term objective. On a weekly closing basis, the previous high weekly close at 21.91 will now be support. On an intraweek basis, there is no support until 1998 is reached. Stop loss can now be raised to 19.65. Probabilities strongly favor the bulls.

BABA generated a negative reversal week, having made a new 3-week high but then closing red and on the low of the week, suggesting further downside below last week's low at 163.83 will be seen this week. In addition and more importantly, if the stock does go below last week's low, it will make last week's high at 178.80 into a successful retest of the recent 15-week high at 179.88 and give the bears new ammunition for lower prices. Like the indexes, the stock is also showing a bearish inverted flag formation with the flagpole being the drop from 197.72 to 147.95 and the flag the 15-week trading range back up to 179.88. A break below the bottom of the flag at 147.95 would give an objective of 132.11. This is certainly a viable objective given that the 200-week MA is currently at 137.53 and the December low is at 129.83. Minor to perhaps decent intraweek support is found at 151.85 and then nothing until decent and pivotal support is found at 147.95. Minor to decent resistance will now be found at 168.80. Probabilities strongly favor the bears this week.

CRON continued the recent downtrend, having made yet another multi-month intraweek and weekly closing low. The stock closed on the low of the week and further downside below last week's low at 11.36 is expected to be seen. Using the chart, there is no support below until the $10 level is reached so it must be assumed that without fundamental news, that is the objective. Nonetheless, there is decent support at the $10 demilitarized zone not only from previous intraweek lows and closes but also from the 100-week MA, currently at 10.28. There is pivotal intraweek support at 9.57 that should not get broken unless there is a fundamental problem to the stock or to the Cannabis industry (unlikely on both counts). To the upside, intraweek resistance will now be found at 12.00, at 13.00, at 13.95 and at 15.30. Probabilities now suggest the stock will trade between the $10 and $15 level for the next few months. Probabilities favor the bears this week.

ENG generated an uneventful inside week but did close in the lower half of the week's trading range and further downside below last week's low at 1.10 is expected to be seen this week. The stock did close $.01 below the 200-week MA, currently at 1.16, but that is not indicative unless another red close occurs next Friday. Intraweek support and resistance are found at the previous weeks high and low at 1.33 and at 1.03. A break of either will give one side or the other the edge. Bulls have accomplish much during the last few month with the stock more than doubling in price and that means the bulls remain with the edge. Probabilities favor the bears at the beginning of the week but the bulls at the end of the week.

ENTG generated a negative reversal week, having made a new 3-week high and then closing red and on the low of the week, suggesting further downside below last week's low at 41.24 will be seen this week. The negative reversal negated the previous week's positive reversal and in favor of the bears, if the stock does go below last week's low this week, a successful required/needed retest of the all-time high at 45.12 (43.98 on a weekly closing basis) will occur and that will open the door for the downside. Pivotal support is found at the previous week's low at 39.78 that if broken would leave no established support below until 37.55 and even then that support is considered minor. Nonetheless, the $38 level is support of consequence on a weekly closing basis as it was the previous all-time weekly closing high (at 38.28) that is additionally supported by 2 other closes in that area. If that level is broken, drops down to $36 and perhaps even $34 would become possible. For the time being, any drop down to the $38 should be considered for covering the short positions and looking to re-short subsequent rallies. To the upside, a rally above last week's high at 43.43 would now be reason to cut losses. Probabilities favor the bears.

FNV generated yet another new all-time intraweek and weekly closing high this week and closed on the high of the week, suggesting further upside above last week's high at 97.00 will be seen this week. The stock is now reaching the psychological resistance at $100 and the general resistance $3 above and below that level. The stock has now built a new intraweek support at 91.00. Probabilities continue to favor the bulls.

MDT reported earnings and they were much better than expected and the stock made a new all-time intraweek and weekly closing high at 109.70 and 106.05 respectively. Nonetheless, the stock did fall back to close in the lower half of the week's trading range (below 106.54) and that opens the door for last week's high being a spike high for some time. The stock did gap up on Monday with the earnings report and closure of the gap down at 104.43 would give the bears some ammunition as this was a gap supported by news and closure of it would be a negative. The previous all-time high daily close is 103.75 and a close below that level would generate a failure signal that would be further supported if next Friday the stock closes below 102.55 (previous all-time high weekly close). Both of these must happen this week so that the probabilities of a spike high top are increased. Indicative resistance is found at 108.31 and more so at last week's high at 109.70. Short-term pivotal intraweek support is found at 100.63. Probabilities slightly favor the bears this week but based on last week's action and the earnings reports, this week the stock must be monitored closely and the shorts covered if the bulls regain control at some point during the week.

SRUTF confirmed the failure signal given the week before with another red weekly close and closing near the lows of the week, suggesting further downside below last week's low at .31 will be seen this week. The stock is now reaching a level at .30 where the rally to .67 began and if that level is broken, it will negate all the rally seen the past 5 months. It is unlikely to occur given that there has not been any news affecting the company itself, suggesting that some recovery could start to be seen this week with .377 as the intraweek upside objective. For now, the probabilities favor the stock trading between .30 and .37 for the next 1-3 months or until favorable news for the Cannabis industry comes out. Probabilities slightly favor the bulls this week.