AU generated a positive reversal week, having broken support and making a new 9-week low but then turning around to close green and on the high of the week, suggesting further upside above last week's high at 20.24 will be seen this week. The action mirrored Gold that also made a multi-week low but then turned around to negate the break of the neckline of the bearish H&S formation and close above a pivotal support at $1499. Pivotal resistance is found at 21.16 that if broken would likely generate a rally to at least 21.91. Support is now found at 18.81 and stronger at 18.51. Fundamental outlook based on the economic reports this week does support the bull side for at least a rally to 21.91.

CRON generated the 10th red weekly close out of the last 11 weeks and made a new 11-month low. Nonetheless, there was some buying interest seen this week, given that the stock closed in the upper half of the week's trading range, suggesting a higher probability of going above last week's high at 9.44 than below last week's low at 8.40. The bulls had the opportunity to generate a positive reversal with a close above last week's close at 9.15 as the stock did trade above that level on Friday. Evidently though, there is not yet enough buying interest so that the bulls can make at least a small statement that a bottom to this correction has been found. Nonetheless, this was the first time in the last 4 weeks that the bulls were able to close in the upper half of the week's trading range, suggesting that at least the selling interest has ebbed. Short-term pivotal resistance is found at 9.97 and as stated last week, intraweek support is found at $8 and pivotal on a weekly closing basis at 7.78. Probabilities favor a slight bias to the upside this week but no statements made, either to the upside or downside.

DD generated a negative reversal week, having gone above the previous week's high but then closing below the previous week's low and in the lower half of the week's trading range, suggesting further downside below last week's low at 65.71 will be seen this week. The stock is in an area of the chart with some room to both the upside and the downside without triggering an indicative break, with daily close support at 67.24 and daily close resistance at 71.31. The probabilities do slightly favor the bears this week but it could be a wide trading range with both red and green seen throughout the week. At this time, there is no clear outlook on direction for the midterm but the stock remains below the 200-day MA, currently at 73.87, meaning the bears still have the edge. Any weekly close below 66.00 would strongly give the nod to the bears.

DIS generated a positive reversal week, having made a new 5+-month low and then closing green and in the upper half of the week's trading range, suggesting further upside above last week's high at 131.78 will be seen this week. Nonetheless, the positive reversal week was not convincing given that the break of decent and pivotal support on both the daily and weekly closing charts at 131.34 and 131.67 (respectively) was confirmed (not negated), suggesting that the bears remain in control even though this coming week will generate some green and upward movement. Minor intraweek resistance is found at last week's high at 131.78 and then again at 134.15. On a daily closing basis, resistance is pivotal at 131.34. As such, probabilities still favor the bears, especially because the 200-day MA, currently at 126.95 still beckons strongly. Evidently, if the bulls fail to go above last week's high, it will be a strong sign of weakness. Support is found at last week's low at 127.54. Below that level and on an intraweek basis, there is no support until $120, meaning that if the MA line is broken on a daily closing basis, the stock could fall an additional 8% off of Friday's closing price.

ENG generated an indicative rally and green weekly close that makes last week's close at .98 into a successful retest of the $1 level. Such a retest of an important chart and psychological level suggests new buying interest will now be seen. The stock closed near the high of the week and further upside above last week's high at 1.10 is expected to be seen. The 1.10 level on a daily closing basis is pivotal. There are already 3 daily high closes at that level and a confirmed close above 1.10 opens the door for a rally to test the 14-month high daily close at 1.23 that was made on August 19th. The action and chart picture suggests the correction is over and that the upside will now be explored by the traders. On an intraweek basis, the .90 level is now pivotal support. Probabilities favor the bulls.

FNV generated an uneventful week having closed between the most recent high and low weekly closes at 94.83 and 92.63. Nonetheless, this is slightly more beneficial to the bulls than the bears given that recently the bears have had the edge and this past week they lost it. The stock closed on the high of the week and further upside above last week's high at 94.52 is expected to be seen this week. If that occurs, it will make last week's low at 90.09 into a required/needed successful retest of the 9-week low at 89.46 seen the previous week. If that occurs and a break above 94.83 happens as well, the probabilities of the uptrend resuming will increase strongly. Evidently, a break below last week's low at 90.09 would now be a negative statement. Probabilities favor the bulls.

MDT generated a positive reversal week, having made a new 6-week low and then closing green and near the high of the week, suggesting further upside above last week's high at 109.70 will be seen this week. The stock is mimicking what the indexes are doing, especially with the unsupported gap between 107.26 and 107.38 that was made on Friday, which in turn suggests the stock will do what the indexes do (see above). A rally above last week's high could end up being the required/needed retest of the all-time high made the previous week at 112.05. If that does occur, the bears will climb aboard with the $100 level as the primary objective. Last week's low at 105.24 is now pivotal resistance that if broken, would be a strong short-term negative sign. Probabilities slightly favor the bulls this week

SRUTF made a new 10-month intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at .272 will be seen this week. The action over the past 5 weeks has been extremely limited and range bound but this new low does open the door for further downside with no support found until .237 is reached. A daily close above .288 would ease some of the sell pressure and a close above .304 would negate the break but at this time, the bears are in control.