AU made a new 4-week high and closed near the high of the week, suggesting further upside above last week's high at 26.48 will be seen this week. Minor resistance is found at 27.03 and then minor to decent at 27.63 and decent as well as pivotal at 28.00. Chart strongly suggests that the stock will get up to at least the 26.88 level where minor to decent daily close resistance is found. Further upside will depend on what Gold does. The stock gapped up on Friday between 24.65 and 25.00 and the gap will remain a magnet unless followed by another gap up and a new high made above 28.00. Probabilities do favor the gap being closed. Short-term pivotal support is now found at 24.08. Probabilities favor the bulls.

AXP did not follow the index rally, having generated another red weekly close and near the low of the week, suggesting further downside below last week's low at 97.62 will be seen this week. Nonetheless, the stock remained above the 200-week MA, currently at 98.17, and while that continues, the bulls will have the edge. The stock is still showing an open gap on the weekly chart down at 91.43 that will be a magnet if nothing fundamentally positive comes out. Using the daily chart, there is pivotal support at 97.62 that if broken will give the bears the short-term edge. Chart suggests that a drop down to 98.13 will be seen but there is where the odds start favoring the bulls slightly. Pivotal resistance is found at 109.06 that will tilt the probabilities in favor of the bulls. Probabilities slightly favor the bears this week.

CAT generated a positive reversal week and a close near the high of the week, suggesting further upside above last week's high at 132.44 will be seen this week. In addition, the previous week's break of the 200-week MA, currently at 125.40, was negated, with the stock closing on Friday at 127,46. Nonetheless, the situation is different on the daily chart as the stock has now closed below the 200-day MA, currently at 128.82 on 6 of the last 7 days, meaning there are some mixed signals being given. The stock is showing an open gap down at 124.38 that should be closed this week as there is no new positive news to support the gap. Nonetheless, after that happens, it is all about what the index market does. Pivotal intraweek support is found at 118.01 and the same with resistance at 132.44. A break of either is likely to generate at least a $4 move in that direction. Probabilities slightly favor the bulls this week.

CNX followed through to the downside and put itself in a position that if further downside in excess of 60 points to the downside is seen, that a breakdown will occur. The stock did close on the low of the week and further downside below last week's low at 9.76 is expected to be seen. More importantly, any break below the most recent intraweek low at 9.68 would weaken the chart and a daily close below 9.54 would generate a sell signal of some consequence. This means that the bulls don't have a lot of room this week that they can allow without breaking the chart down. Daily close resistance is found at 10.73 that if broken would negate the recent weakness. Probabilities favor the bears but this is a pivotal week.

CRON bulls flirted with danger this week but in the end they were able to at least maintain the support levels of importance. The stock did close near the low of the week and further downside below last week's low at 6.20 is expected to be seen. Nonetheless, on a daily closing basis, the bulls cannot afford "any" red closes this week as 6.44 is a previous daily closing high and from which the rally up to 8.13 occurred and given that the stock closed at 6.42 on Friday, any daily close below that level will generate a failure signal. On a weekly closing basis though, the level to watch is 6.26. Intraweek resistance is found at 7.17 that if broken and a close above that level occurs, it would negate all of the recent weakness. Probabilities very slightly favor the bears but with this being a pivotal week and the bears unable to break the stock down during the past 5 weeks in spite of the stock being down at these levels every single weekly during that period of time, it does suggest the bulls might be able to do something positive this week.

ENG generated a positive reversal week, having made a new 5-week low and then turning around to close in the green and in the upper half of the week's trading range, suggesting further upside above last week's high at 1.12 will be seen this week. The stock continues to flirt with the 200-week MA, currently at 1.13, having been above the line on 4 of the last 7 weeks. On a weekly closing basis, and then only for 1 week. Any confirmed close above the line, especially if above the previous high weekly close at 1.19 that occurred last August (the only time the line has been broken during the last 3 years), it would signal the beginning of a bull rally of consequence. Last week's intraweek low at .96 must now be considered pivotal support. Probabilities continue to favor the bulls.

MCIG continues to trade in the .0225 and .035 area that it has been in for the past 14 weeks. Last week though, was the slowest and smallest week during this period of time as the stock traded in a minute between .0261 and .0288. It suggests that this type of action will continue until some catalyst occurs. There is no sign yet that the traders are ready to break above or below that trading range at this time.

MRNA made a new 4-week intraweek and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 66.98 will be seen this week. Nonetheless, the minor resistance at 68.49 remains unbroken, meaning that the bulls did not accomplish anything of importance last week. One thing that was accomplished last week is that a new (though minor) close-by support level at 62.58 has been established, meaning that the bulls can come in this week with a bit more confidence in buying with a small risk factor. The fundamental picture remains positive and above 68.49 there is no resistance until the all-time high at 87.00 is reached. The risk/reward ratio is therefore very beneficial this week and the probability favor a strong rally.

NEM generated a positive reversal week, having gone below the previous week's low and then closing green and on the high of the week, suggesting further upside above last week's high at 57.57 will be seen this week. If that occurs, last week's low at 53.16 will become the required/needed retest of the recent low at 52.33 and also mean that a new support level of consequence has been built that can be depended on to purchase new positions with some risk limitation. There is no resistance above until 59.88 and then nothing until 64.65. Nonetheless and using the weekly chart (not the daily chart), there is no resistance above until the 64.65 level is reached, suggesting that any rally above last week's high will end up in at least a $7 rally. With Gold also looking to move higher, the probabilities now clearly favor the bulls.

QQQ generated a positive reversal week, having gone below the previous week's low and then closing green and on the high of the week, suggesting further upside above last week's high at 247.00 will be seen this week. Like with the NASDAQ, the all-time intraweek high is close by above last week's high (it is at 247.82) and if that level is broken, there is open air above. As it is, the stock has now generated 3 weekly closes in a row above the previous all-time high at 237.15 and in those 3 weeks, the previous week was a successful retest of that level, suggesting it is a "rosy picture" for the bulls for much further upside to occur. Evidently, a failure to make a new all-time high this week would be disappointing and probably change trader's minds as the stock has generated a straight up rally from March lows and remains in a highly overbought condition. Pivotal support is found at last week's low at 231.47 that if broken, would not only generate new selling interest but a failure signal as well. Probabilities favor the bulls.

SCCO generated a positive reversal week, having made a new 4-week low and then turning around to close green and near the highs of the week, suggesting further upside above last week's high at 38.38 will be seen this week. On a possible negative note though, the stock confirmed the break of the 200-week MA, currently at 38.10, which occurred the previous week, with a close on Friday at 37.80. If the stock goes above last week's high on an intraweek basis but then generates a red close next Friday, the bears will climb aboard given the failure as well as what would end up being a successful retest of the recent high at 40.31. On a positive note, the stock has traded above the 200-day MA, currently at 35.75, for the past 24 trading days and the line was tested successfully this past week with a drop on Monday to 35.45, meaning that on the daily chart, the bulls have a clear edge at this time. The dichotomy between the weekly and daily chart is likely to be resolved this week, meaning it is an important week. Probabilities slightly favor the bulls.

W continued to go up like a "feather in an up draft" as it made yet another new all-time high this past week, the 6th over the past 7 weeks. Once again, the stock closed near the high of the week and further upside above last week's high at 212.06 is expected to be seen. Nonetheless, the upside objective of a recent upgrade is $225 and the downside objective is the previous all-time high is 169.69, meaning the risk/reward ratio is now in favor of the bears given that the profit potential is another $15 dollars and the risk is $40 from Friday's close. The recent rise has been straight up and there is no built support until 167.01, meaning that any pause in the upside momentum could generate a $40-$50 move in a period of 1-2 weeks when the rally stops. Probabilities continue to favor the bulls.