AU made a new 8-week intraweek low but the bulls were able to keep the stock closing above the previous multi-year weekly closing high at 27.75, having closed on Friday at 27.90. As such, it can be said it was an uneventful week in which nothing was decided. The stock did close near the low of the week and further downside below last week's low at 27.31 is expected to be seen but if a green close occurs next Friday, a successful retest of the previous weekly closing high will have occurred and if that happens, new buying interest will be seen. Pivotal resistance is found at last week's high at 30.78. A break above that level will likely cause the uptrend to resume. There is an open gap below at 26.48 that may be a magnet for closure this week. If not closed and a green weekly close occurs next Friday, it would be a bullish sign. Probabilities favor the bulls.

AXP generated a red weekly close, causing last week's close at 100.41 to become a successful retest of the 200-week MA, currently at 99.59. The stock closed on the low of the week, suggesting further downside below last week's low at 95.68 will be seen this week. Pivotal support is found at 89.58 but any daily close below 93.19 will weaken the chart and any daily close below 90.57 would generate a new and strong sell signal. To the upside, an intraweek rally above 99.57 will give the bulls a slight edge and a daily close above 103.26 would be a decent positive. Probabilities favor the bears.

BTZI generated a new 5-week low weekly close and closed near the low of the week, suggesting further downside below last week's low at .0263 will be seen this week. Nonetheless, nothing was broken and as such, the stock likely is continuing to trade in a sideways fashion as the traders await news. On a daily closing basis, the .031 level is a short-term pivot point to the upside and the .0291 the same to the downside. The .027 and the .037 are stronger pivot points that if broken would be indicative. Probabilities favor more sideways trading.

CAT generated an inside week and a small trading range (compared to the previous week) but the weekly close on Friday could be indicative as it was a red close which in turn make the previous close at 139.96 into a successful of the established 22-month resistance area around $140. The stock closed slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 140.60 than below last week's low at 123.68. Either way, this level of resistance is established and requires some help from either the DOW moving higher substantially or some positive company required news coming out. At this moment, the chart suggests that for this coming week, the stock will trade somewhere between $135 and $145 without any breakout or breakdown.

CNX had an uneventful inside week but did generate a red weekly close on Friday, meaning that a successful retest of the 200-week MA, currently at 11.99, is now in place and that keeps the control in the hands of the bears. There is no intraweek support below until 9.67 is reached, suggesting a drop down to that level (or close to it) is likely to occur before another attempt at breaking the MA is seen. As such, any rally this week up above Friday's close at 11.27, should be considered an opportunity to take a profit and repurchase on a dip down to the $10 demilitarized zone. The stock did generate a reversal day on Friday and the first course of action for the week should be to the upside. With 11.66 as the objective. Probabilities favor the bears this week.

CRON generated another red weekly close and a new 13-week intraweek low. The stock closed on the low of the week and further downside below last week's low at 5.26 is expected to be seen this week. Intraweek support is found at 5.12. Pivotal support is found at 4.62. The company statement after the earnings report was not encouraging as they see no short-term relief from the pressures the Cannabis industry is experiencing, though they did state that those pressures do not affect the company itself as much as other companies. Nonetheless, the pressures are not likely to allow the company to prosper in the short-term. In looking at the daily chart, it seems likely that the stock will fall down to the $5 demilitarized zone and stabilize there. No break of pivotal support is likely to happen but the stock will now find minor to perhaps decent resistance around 6.00, suggesting a $5-$6 trading range will be in effect for the next few weeks. Probabilities favor more of the same this week.

ENG generated another red weekly close (the 3rd in a row) and once again closed near the low of the week, suggesting further downside below last week's low at .76 is expected to be seen this week. There is quite a bit of established intraweek support between .73 and .75 that should stop the down move. On a weekly closing basis, support is decent between .76 and .80. Any green weekly close at this time would suggest the worst of the correction is over. By the same token, the fundamental picture does not suggest the stock will be heading any lower than .73, meaning that either this week or at the latest the following week, that the bulls will be back in buying. As stated last week, the stock is now showing 5 spikes up to a downtrend line that started 11 years ago and usually there are 5 spike up (followed by drops) before a true breakout occurs. With the now 5-point trend line at 1.58 and the stock having rallied to 1.55 a few weeks ago, it does suggest that after this fall ends, the next rally will be "the one" and sustainable. In spite of the drop in price after the report, no long term support levels were broken. After a few weeks of retesting support and building new confidence, the stock should resume the uptrend. Probabilities for this week are 50-50 but for the week after, they at 80-20 in favor of the bulls.

MRNA generated a failure signal this past week, having closed on Friday (on a weekly closing basis), below the previous all-time high weekly close at 69.00. The stock closed on the low of the week, suggesting further downside below last week's low at 65.23 will be seen. This failure signal does suggest that without new positive fundamental information being released, the weekly closing high for the rally is now set at 94.85. In addition, if this failure signal is not reversed this coming week, it will suggest the stock will trade between $61 and $70 until new information about their phase 111 results come out in a couple of months. The 100-day MA is currently at 61.33 and this is likely to be this week's downside objective. Nonetheless, that line has not been broken to the downside since last October and therefore unlikely to be broken this time around. If there are any surprises, they are likely to be to the upside as resistance levels above are all minor in nature, at least on an intraweek basis. The stock could go as high as 87.00 if there are any breaks of resistance. Pivotal intraweek resistance is found at 75.75 that if broken would give the $87 objective. For this week though, probabilities favor the bears for a drop down to the 100-day MA.

NEM generated an inside week but contrary to AU and Gold, a green weekly close occurred. The green weekly close does negate the big down week seen the week before and does suggest that the downside may be limited to last week's intraweek low at 62.65. The stock did close near the low of the week and further downside below last week's low at 65.22 will be seen this week. Nonetheless, if that does occur and 62.65 is not broken and is followed by another green weekly close next Friday, a new support level will have been built and that suggests the uptrend will resume in a couple of weeks. The stock did generate a gap up last Monday at 64.53 that should be closed. Nonetheless, once that has occurred, the bulls will likely step up to the plate once more. Pivotal short-term support is now found at 62.65 and resistance is now found 69.81. Probabilities favor the bears this week but only as far as the gap being closed. Resistance is not likely in play this week.

QQQ generated another new all-time intraweek and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 282.34 will be seen this week. The runaway freight train pattern that is being seen (no valleys) does suggest the index will continue higher until it no longer does or a negative catalyst occurs, which presently is not expected. Intraweek support is presently found at 264.63 that if broken would be a sign of a top having been found. That is not likely to occur this week. Probabilities favor the bulls.

SRUTF generated an uneventful inside week. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at .0518 will be seen this week. The stock continues to have a short-term bullish bias. A weekly close below .05 is needed for that to change. Nonetheless, the Cannabis industry saw some sell interest this past week and it affected the stock. Upside objective right now is a minimum run to .08/.087 where some resistance is found. The previous week's intraweek high at .09 is now pivotal resistance that if broken would like cause the stock to test the 200-day MA, currently at .10. That line has not been broken to the upside for the past 13 months or tested for the past 12 months and is now a clear upside target if the recent news about the company is as good as it is sounds (likely). Pivotal support is now found at .04. Probabilities favor the bears this week but still within a mini breakout scenario.

W continued its runaway freight train scenario, having continued strongly higher this past week, making a new all-time high at 341.58 and closing on the high of the week, suggesting further upside will be seen this week. The stock has now rallied $136 (60%) over the past 5 weeks in a straight up manner and has absolutely no support below until very minor support is found at 205.80, meaning that any stoppage of momentum could result in a strong correction. Nonetheless, at this time there seems nothing to stop the bulls from taking the stock higher. Nearest support is found at 283.51 (minor) and when the stock stops rallying, that minor support is likely to be tested. Probabilities favor the bulls.