AAPL showed weakness throughout the week, having generated a red weekly close in spite of the new all-time highs made in the indexes. Nonetheless, the bulls were able to rally the stock to close near the highs of the week, suggesting further upside above last week's high at 204.39 will be seen this week. The bulls need to get above the high seen 2 weeks ago at 205.08 in order to resume the uptrend. If unable to do so, the bears are likely to gain the edge back. As it is, the red weekly close does force the bulls to generate a green weekly close next Friday above 204.23 or the 2nd successful retest of the all-time high will have been confirmed, which in turn would suggest no further upside will be seen and an attempt at the recent lows at 170.30 is to occur. Pivotal support is now found at 198.41 that if broken would be a strong short-term negative. Probabilities slightly favor the bears.

ARNA generated an uneventful inside week but the bulls managed to close near the highs of the week, suggesting further upside above last week's high at 62.20 will be seen this week. Nonetheless, there is resistance at the high seen 2 weeks ago at 62.64 and even stronger at 62.80 and given that the stock closed near the highs of the week the previous week and were unable to follow through, the probabilities do not favor that level of resistance breaking unless the index market is able to continue higher. Pivotal support is found at 59.11 and on a daily closing basis, any close below 58.41 will generate a failure signal that would give the bears a short-term edge. Probabilities very slightly favor the bears simply because of the now proven intraweek resistance strength at 62.64/62.80.

AU made a new 35-month intraweek and weekly closing high and closed slightly in the upper half of the week's trading range, suggesting further upside above last week's high at 18.44 will be seen this week. Nonetheless, the 18.68 level is of particular importance as it represents not only an intraweek high from July 2014 at 18.69 from which the stock fell all the way down to 7.50 over a 1-year period of time but also an important gap area between 19.03 and 18.68 from August 2016 that ultimately caused the stock to drop all the way down to 7.08 and that has held up for close to 3 years. Evidently, if the resistance level is broken and the gap closed, it will be a strong sign that a mid to longer term uptrend is now in place that ultimately offers a $30 objective. If not broken the first time around, it likely means that more backing and filling and building a new support base around last week's low at 16.46 will be seen. Gold did generate a new 5-year weekly closing high as well as a successful retest of the breakout level with the previous week's red close and Friday's green close and new high. The 16.46 level is now pivotal support that if broken would negate most of the bullish action seen the past couple of weeks. As such, probabilities favor the bulls this week.

BABA generated a red weekly close, confirming the close seen 3 weeks ago at 173.30 as a possible top to this rally as well as a pivotal resistance level of consequence. Nonetheless, the bears were unable to make a statement given that even though the stock traded as low as 165.00, they were unable to close the stock below 167.52 which would have given a failure signal against the bulls, meaning that the traders are still waiting for news on the stock or the index market to resume the uptrend or get aggressive to the downside. With the stock not reporting earnings for another 4 weeks, it will all be about what the index market does this week. Pivotal intraweek support is now found at 165.00 and resistance is found between 171.37 and 171.98. The stock is still showing a strongly bearish island formation so closure of the gap at 172.82 would be a positive statement by the bulls. Probabilities continue to favor the bears.

CCJ generated an indicative positive reversal week, having gone below the previous week's low and the closing not only above the previous week's high but confirmed the break to the upside of the 200-week MA, currently at 10.74. The stock closed near the highs of the week and further upside above last week's high at 11.19 is expected to be seen. If that occurs (likely), the spike high resistance at 11.18 from December 2017 will be broken, suggesting that the 12.00 area where there is abundant and robust resistance found would be the target for this rally. Nonetheless, this is now the 4th break to the upside of the MA line in the last 8 years, all happening in the last 10 months, suggesting that after one more retest of the MA line (back down to 10.70) that the bulls will begin to take control and establish a longer lasting uptrend. Pivotal and important intraweek support is now found at 10.52 and on a daily closing basis at 10.82. Probabilities now strongly favor the bulls.

CLB made a new 7-week intraweek high though only by $.06 cents and the new high was not confirmed on the weekly closing chart as the previous weekly closing high is at 55.00 and the stock closed on Friday at 54.32. Nonetheless, the stock did close near the highs of the week and further upside above last week's high at 55.43 is expected to be seen, meaning the probabilities of a breakout occurring this week are high. Oil did also make a new 7-week intraweek and weekly closing high and further upside is also expected to be seen with no resistance of consequence until the 61.87-62.58 level is seen (closed on Friday at 60.21). As such, it is expected the stock will continue higher this week with a 58.84 weekly close objective (60.93 on an intraweek basis) where the next decision needs to be made. The chances of oil getting up to $62 and the stock up to $60 are high but at that point further positives need to come out for further upside to occur. Pivotal intraweek support is now found at 51.09. Probabilities favor the bulls.

CPG made a new 7-week weekly closing high (like oil and CLB) but failed to make a new intraweek high by $.01 cent. Nonetheless, the stock closed near the highs of the week and further upside above 3.46 is expected to be seen. There is decent resistance between 3.43 and 3.47 but if broken (likely), there is further resistance of some consequence 3.55/3.56. If that level is broken, especially on a weekly closing basis, the bulls will regain the edge. By the same token, the 200-week MA is currently at 3.68 and that line has held firm for 3 years, meaning that a fundamental positive needs to occur for that line to be broken. Support is now found at 3.21 and strongly pivotal at 3.02. Probabilities favor the bulls but only for a minor rally.

CRON had a negative week having spiked down 7.8% below last week's close and closing near the lows of the week, suggesting further downside below last week's low at 14.10 will be seen this week. In addition, the stock closed below the 200-day MA, currently at 14.85, suggesting weakness is being seen. Nonetheless, the stock did the same thing on June 3rd and the very next trading day it reversed direction and closed green and above the MA line, suggesting the same thing could be seen now. It must be remembered that there was an open gap at 14.67 that needed to be closed and was closed on Friday, meaning that magnet is no longer there. In addition, there is decent support at 13.90 and stronger and pivotal at 13.51 and having gotten down to 14.10 last week, even if the stock follows through to the downside on Monday, those supports are not likely to be broken and therefore buying new or additional shares of the stock is the way to go, using a 13.41 stop loss. As it is, a retest of the 13.51 low had not yet occurred until the possibility of last week's move down being that required/needed retest before new and stronger buying occurs. As it is, the stock gave a new buy signal 4 weeks ago and there has been no negative news to negate that signal, suggesting this move down is mostly chart oriented. Probabilities favor the bulls this week.

CVS made a new 19-week high and gave a new buy signal, having closed above the high weekly during this time at 56.66. The stock did sell off from the intraweek high seen at 60.13 but still closed slightly in the upper half of the week's trading range, suggesting a higher probability of going above last week's high than below last week's low at 54.65. The stock (and all related drug companies) rallied on news that Trump withdrew the drug rebate program. On a weekly closing basis, there is resistance at 60.86 but intraweek, there is no resistance until 64.58 and that is considered minor. Pivotal support is now found at last week's low at 54.65. Probabilities favor the bulls.

ENG generated a new buy signal on the weekly closing chart, having closed above the high weekly close for this period of time at .92.The stock closed in the upper half of the week's trading range and further upside above last week's high at ,99 is expected to be seen this week. The .99 cent level was decent resistance from November 2014 through April 2015 and is also decent psychological resistance. Nonetheless, on a weekly closing basis no resistance is found until very minor at 1.04 and then minor to perhaps decent resistance between 1.13 and 1.16. On an intraweek basis, the stock did get up to 1.16 a couple of weeks ago and a retest of that level seems to be a high probability. That level is important from the fact that is where the 200-day MA is presently at. Support is now pivotal at .81. Probabilities favor the bulls.

FSLR generated a negative reversal week, having made a new 14-month intraweek high and the closing in the red and on the lower half of the week's trading range, suggesting further downside below last week's low at 65.37 will be seen this week. Nonetheless, the chart now shows minor to decent intraweek support at 65.05 that should be seen this week but is likely to hold. The stock is targeting the $70-$71 level with a chance of getting up to $73 and with no negative news, that area remains a target. Nonetheless, the straight up action that has been seen of late is likely to now be replaced with backing and filling action with a slight bullish bias as the stock nears the upside objective. If the $65 demilitarized zone is broken (a 64.65 print is seen), consideration can be given to taking profits as there is no support below until the $60 level is reached. Probabilities favor the bulls.

IBM made a new 12-week high and closed on the high of the week, suggesting further upside above last week's high at 142.92 will be seen this week. The company reports earnings on Wednesday afternoon and they are anticipated to be the same as last year at $3.09. With many companies anticipating lower earnings than last year, the probabilities do not favor the company reporting better than expected at this time. Last year's earnings did take the stock down to $139 so if they come out the same, it is likely the $139 level will be seen again. There is one big negative to the chart and that is no resistance levels of consequence have been broken on this 13% rally from the 126.85 low seen at the end of May and no retests of that 19-week low have occurred as yet and that does give the bears a slight advantage off of the earnings report this week, unless of course, the report is better than expected. Pivotal resistance is found at 145.39 and support is found at 133.58. Probabilities slightly favor the bears this week.

LNTH generated a red weekly close, the first in the past 6 weeks but in the end, the stock rallied enough to close in the middle of the week's trading range, meaning that there is an even chance of going below last week's low at 27.02 than above last week's high at 28.46. Then again and because the stock is in an uptrend and bullishly making new all-time highs just about every week, the probabilities favor the bulls this week rather than the bears. By the same token, a retest of the most recent weekly close breakout at 26.07 could easily occur within a bullish scenario and therefore the action last week has no negative connotations at this time. The upside objective remains the $30-$31 level and seeing a backing and filling scenario occur it keeps the objective likely to be reached. Any daily or weekly close below 26.07 would be seen as a negative. Probabilities favor the bulls.