ARNA made a new 2-week high and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 48.21 will be seen this week. This is not a stock that is all that sensitive to the overall market, so there is a bit of general confidence that the stock is on its way to at least test the weekly close breakdown point at 50.93, whether the indexes head higher or not. On a daily closing basis, support is no minor to decent at 45.94. A daily close below that level will negate the positive rally seen this past week. There is no intraweek resistance until minor to perhaps decent resistance is found at 49.54. The probabilities favor the bulls this week.

AU is going to be closely tied to whatever the indexes do. A rally in the indexes will likely generate a drop in gold and the stock and vice-versa. Support is found at 18.56 and pivotal at 18.04. To the upside, resistance is slightly pivotal at 21.26 and likely pivotal at 21.50. By the same token, further resistance is found at 21.76 and 21.91. A break above all four would mean the recent multi-year high at 23.85 would be tested and likely broken. Pivotal week ahead.

CRON has now reached an important and pivotal area of weekly close support at 7.78, having closed on Friday at 7.84. On an intraweek basis though, the support is found at 6.50 and given that the stock closed on the low of the week and further downside below last week's low at 7.70 is expected to be seen, it is possible the traders will take the stock down to 6.50 before some buying interest of consequence is found. On a daily closing basis, the same important and pivotal support (as the weekly one) is found at 6.80, so there could be additional weakness throughout the week until Friday comes around. I do not believe that the Cannabis industry has totally turned negative, so I have to believe this is likely to be the last thrust down before the stock turns around. As it is, if the stock gets down to 6.50, a drop of 58% will have occurred over the past 11 weeks and a drop of 75% from the all-time high at 25.10 seen in February. The company itself has not shown any fundamental weakness other than what is happening to the Cannabis market. A 75% drop in what could be one of the strongest industries of the future, seems to be highly overdone. Nonetheless, a weekly close below 7.78 or a daily close below 6.80 will be another sign that the market is not ready to go up anytime soon. Pivotal resistance is now found at 9.44, that if broken would signal the worst is over. Probabilities favor the bears this week.

DD generated a new 32-month intraweek low and closed in the lower half of the week's trading range, suggesting further downside below last week's low at 62.87 will be seen. This negative week occurred "in spite of" the stock indexes rallying, suggesting that this stock that is sensitive to the index market may be seeing some personal negative fundamentals. The stock did break a weekly close support at 66.00 and came close to the 32-month weekly closing low at 64.60 that was made in May, suggesting that unless the index market makes new all-time highs that the stock will continue lower toward the $60 level where stronger weekly close support is found. Downside objective is the $56-$60 level that if reached, consideration should be given for taking profits. To the upside, any rally above 68.39 would suggest covering of the shorts should be considered. Probabilities favor the bears.

DIS generated an inside week given that the recent down move was postponed temporarily with the index rally. Evidently, this is a stock where the indexes do have some effect, meaning that the stock will either rally if the indexes rally or drop if they don't The first downside objective of reaching the 200-week MA, currently at 127.56, has been accomplished with at 127.54 low seen 7 trading days ago and if the indexes rally this week, that may be sufficient to give some ammunition to the bulls, if and when they can generate a daily close above 131.34 for 2 days in a row. On the other hand, if the indexes do not rally, the probabilities of the MA being broken and the stock heading down to test the previous all-time high daily close at 118.90 will increase strongly. Either way, the chart parameters are clear with 131.34 being daily close resistance and 127.56 being support. Probabilities slightly favor the bulls as the company has been heading lower fundamentally.

ENG generated an uneventful inside week but did close in the upper half of the week's trading range, suggesting a slightly higher chance of going above last week's high at 1.06 than below last week's low at .956. Either way, the levels that are important right now are 1.10 and .90, meaning that whichever gets broken first will be indicative of direction. Stock is not index sensitive so whatever the market does is not likely to affect the stock. Probabilities favor the bulls.

FNV, like with AU, is sensitive to what the indexes do, meaning that as of this writing there is no indication of direction. The stock has been trading between 89.42 and 96.92 for the past 5 weeks and evidently a break of either would be indicative. Downside objective if the support level is broken would be 85.72 and if the resistance level is broken, it would be the recent high at 101.19 with the probabilities favor a new all-time high being made. Much will be known on Monday. For now, the probabilities slightly favor the bulls.

MDT bulls were unable to follow through on the previous week's positive reversal week, having made a new 7-week intraweek low but then rallying to close in the upper half of the week's trading range but still closing red, strongly suggesting the stock will follow the index market this week. Generally speaking and without the index market being in the conversation, the stock should go above last week's high at 108.74 as the all-time high at 112.05 has not yet seen a retest of it and no negative fundamental news has come out that would prevent that from happening. Nonetheless, if the indexes do not head higher on Monday, the bears are likely to continue to push lower as the downside objective remains the previous all-time weekly closing high at 99.38. There is daily close resistance at 108.62 that if broken would almost guarantee a retest of the all-time high would occur, if not a new all-time high. A daily close below 105.94 would again weaken the chart while a close below 105.02 would give a new sell signal. Probabilities slightly favor the bulls.

SRUTF made another 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 .26 will be seen this week. There is some intraweek support at .25 and weekly close support at .26 and like with CRON, the stock is reaching a level of support that should not be broken unless the Cannabis industry is no longer a viable investment vehicle for the short-term. A daily close below .255 would further weaken the chart. A daily close above .288 would ease some of the sell pressure and a close above .304 would negate the break. The probabilities continue to favor the bears but the level of support below is important and pivotal and not likely to be broken at this time.