AU got down to the 16-week low at 18.04 with a low at the same price this past week and then generated a bounce to close on the high of the week, suggesting further upside above last week's high at 19.18 will be seen this week. Gold did generate a successful retest of the recent low daily close at $1457, having closed at $1460 on Tuesday and then followed by two green closes in a row. By the same token, no resistances to the upside were broken either, suggesting that gold will trade sideways until the beginning of the New Year. The same is likely true with AU, with a probably trading range between 18.55 and 21.16 for the next 4 weeks. A drop below 18.04 or a weekly close above 22.14 would alter that scenario but neither is likely to happen.

CLB saw selling come in due to the strong drop in price on oil on Friday, likely because of the resignation of the Iraqi's prime minister which is believed will result in increased production in that country. The stock did hit the stop loss point at 43.55 with an intraday drop down to 43.41 on Friday. With the drop below 43.65, a short-term sell signal was given that opens the door for a drop down to the 42.00 level. Nonetheless and using the weekly chart, the action this past week has not changed the chart at all, meaning that it is still in a recovery rally. The stock would need to break below 40.39 to change the midterm trend to further downside. The oil chart does suggest further downside this week with a potential for another $2.30 cents lower, which in turn would likely cause CLB to drop down to the 42.00 level. Nonetheless, the oil chart also suggests some recovery back up to $57 will be seen before the end of the year, also suggesting that CLB will rally back up to the mid 47's. As such and with the close on Friday at 43.80, the risk for the next 5 weeks is about $1.80 to the downside and $3.70 cents to the upside (about 2-1 risk/reward ratio). You will need to make the decision whether it makes sense to hold on to the positions or not. I will probably hold.

COF made a new 14-month intraweek and weekly closing high, breaking the decent and likely indicative weekly closing resistance at 98.09. Nonetheless, the stock shows a mountain of resistance between 100.55 and 101.67 that is highly unlikely to be broken during the next 5 weeks unless there is news that takes the indexes higher. To the downside and on an intraweek basis, drops down to 94.70 could be seen, meaning that off of Friday's close at 100.01, there is recovery potential of about $5 with further risk of about $1.50, suggesting to me that a better exit point can be found during the next few week. Nonetheless, the new 14-month high does change the chart and no longer is a short position supported by it, meaning covering of shorts (at some point) is now the "thing to do".

CRON was unable to extend the possible recovery seen the previous week, having generated a red weekly close on Friday. It was not a negative sign but then again not a positive sign either, as the bulls would liked to have seen. The stock did close near the lows of the week and further downside below last week's low at 6.61 is expected to be seen this week. If that does occur and then the stock recovers to close green next Friday, the required/necessary retest of the recent low at 6.04 will have occurred and buying as seen 3 weeks ago would then likely be seen again. Nonetheless, the stock is still in a strong downtrend and the probabilities continue to favor the bears until such a time that the bulls can break some resistance levels and make a statement. Pivotal resistance is found at 8.05. Pivotal support at 6.04. Probabilities continue to suggest that the stock will trade between $6 and $8 for a few weeks and therefore nothing of consequence is likely to happen until after the New Year.

ENG generated a new but small buy signal on Friday, having made a new 10-week weekly closing high above 1.06. In addition and for the 3rd time in the last 4 weeks and on an intraweek basis, the stock got up to (or above) the 200-week MA, currently at 1.16, suggesting that it is only a matter of time before that line is broken. Since that line has not been broken to the upside since April 2017, a break of that line would be of consequence and likely followed by a strong short-covering rally. Pivotal support remains at the 200-day MA, currently at .90. Probabilities favor the bulls with the only question being "when the breakout will occur".

FNV remained supported, having made a new 2-week low but then closing green and on the high of the week, suggesting further upside above last week's high at 98.74 will be seen this week. With the stock closing on Friday at 98.32, last week's mini failure signal of closing below the previous high weekly close at 97.66 was negated and with the all-time high weekly close at 99.04, it does suggest a new all-time high weekly close could be seen this week. Intraweek resistance is found at 101.19 and at 100.70. Short term pivotal support is now found at 96.23. Stop losses can now be raised to 96.13 because if 96.23 is broken, a drop down to the $92 level would likely occur. Probabilities favor the bulls.

GS failed to break the decent intraweek resistance at 224.77, having made a high this past week at 224.28 but then closing near the low of the week, suggesting further downside below last week's low at 220.41 will be seen this week. If that occurs, the necessary/required retest of that high will have occurred and occurred on a week that the indexes extended their rally in a strong way, suggesting that the specific reasons for the stock not heading higher (shown last week) are valid and likely to hold up. Pivotal support remains at 116.40 but any drop below last week's low will now be seen as a clear sign that the stock is not likely to continue its uptrend and that a decent correction is about to occur, likely starting in the New Year. Stops should be maintained at 224.87. Probabilities favor the bears.

SRUTF generated another red weekly close, the 6th in a row and the 15th out of the past 17 weeks. Nonetheless and for the first time in the last 7 weeks, the stock rallied above the previous week's high and stayed above the previous week's low, possibly suggesting that the selling interest is waning. There was no news in the Cannabis industry and it remains without any tangible reason to buy at this time. The stock closed in the middle of the week's trading range, meaning there is no clear sign of direction for this coming week. There is very minor resistance at .20 and then nothing until .254 is reached, meaning that if the stock goes above last week's high and gets up to the .25 level, a rally of approximately 60% from the low will have occurred and such a rally would be a strong sign of a bottom having been established. The stock got down to .16 on Tuesday and Wednesday and then generated a rally and green daily close on Friday, suggesting the first course of action for the week will be to the upside. A rally above last week's high at .189 would be a small positive. Probabilities slightly favor the bulls.