AU generated an inside week but did close near the high of the week, suggesting further upside above last week's high at 21.63 will be seen this week. More importantly though, the close above the weekly breakdown point at 18.77 that occurred the previous week gave a failure signal against the bears that suggests the stock will mimic the move to the opposite side, suggesting that a rally up to up 24.07 (based on a weekly closing chart) will be seen before any thought is again given to the downside. The stock has been underperforming Gold during this whole rally, suggesting that if the stock reaches the objective mentioned above that consideration to liquidation of the held positions be done. By the same token, if the stock closes clearly above 24.07 on a weekly closing basis, the target would then become 29.40 on an intraweek basis. The stock is showing an island formation on the daily chart, having gapped down on 2/27 from 19.40 to 18.27 and then 2 days later gapping up between 18.48 and 18.90. The formation is powerful if confirmed (new intraweek high above 23.85) but if a drop back down to 18.27 is seen, it would be a strong negative sign, especially if the stock closes now below the 200-day MA, currently at 19.42. The reality is that there should be no weakness seen at this time. Probabilities favor the bulls.

CAT made a new 21-week intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at 118,83 will be seen this week. In addition, the stock closed below the 200-week MA, currently at 122.90, that is the first time it has done that since July 2016 (3+ years). If the break is confirmed next Friday with another close below the line, new selling interest will be seen. Going back 10 years, the $115 level has been major support that if broken would change the trend to the downside. Nonetheless, based on the action seen in the chart, a test of that level is highly likely to be seen. It is the mention's target given when the mention first came out. Any confirmed monthly close below 115.41 would suggest a downside target of 83.16, which is where the 200-month MA is currently located. On an intraweek basis, there is support at 117.25, at 116.09 and at a strong double bottom at 111.75/112.06. At present, the chart suggests that a drop down to 116.09 is the most likely scenario. Pivotal resistance is found at 129.56, that if broken would suggest the worst is over. Probabilities favor the bears.

CRON managed to stay above the weekly close breakdown point at 5.51, having closed on Friday at 5.81 and $.04 cents below the previous week's close. This whole weekly close area between 5.51 and 5.86 has been a major support area since January 2018 (2+ years) with a total of 5 previous closes in that area. The bulls did manage to close in the upper half of the week's trading range, suggesting a higher probability of further upside above last week's high at 6.20 than below last week's low at 5.14. If that occurs and a green close occurs next Friday, it will suggest that a bottom to this downtrend may be established. A weekly close above 6.28 would be confirmation of such an event. Any daily close above 6.02 would generate a V-type bottom on the daily chart and offer a rally up to 6.72. Any daily close above 7.34 would generate a new buy signal. Daily close support of pivotal importance is now found at 5.32. Probabilities slightly favor the bulls.

CVGW generated a strong down week in which a 25% drop in price was seen from the previous week's close to the low seen during the week. Nonetheless, the bulls managed to rally the stock enough to close in the upper half of the week's trading range, suggesting a slightly higher chance of going above last week's high at 66.75 than below last week's low at 54.33. More importantly, the weekly close on Friday was still above an important weekly close support level between 59.15 and 59.23 that has been seen 3 times over the past 5 years on both a low and a high weekly closing basis, meaning that the downgrade that made the stock drop so precipitously was not sufficiently bearish to break a decent weekly close support level. By the same token, Last week's fall, in addition to break of the 200-week MA that occurred 6 weeks ago, has changed the trend to the point that at best scenario possible is that the stock is in a sideways trading range between $50 and $80 for the rest of the year. Weekly close resistance of some consequence is now found between 66.94 and 67.70, which is likely to be the objective to be reached either this week or no later than 3 weeks from today. On reaching that level, liquidation of the remaining positions should be done given that it would be in the upper 2/3'rds of the trading range to be seen for the rest of the year. The stock did outperform the indexes this week after the downgrade occurred, meaning that the Corona Virus is not likely to impact the stock as much as it is doing to the index market. Any daily close this week below 58.50 would be a negative. Probabilities favor the bulls this week.

FNV did not follow through to the downside after the stock closed near the lows of the week the previous week. Instead, the stock generated an inside week and recouped 99.99% of the losses seen the previous week, having closed just $.10 cents from the previous high weekly close. The stock closed near the high of the week and further upside above last week's high at 122.31 is expected to be seen this week. What was accomplished this past week by the bulls is to build a new and decent intraweek support level at the previous week's low at 104.00, which was needed given that up until the previous week, there was no dependable support on the weekly chart until the 89.46 level was reached. The bulls can now buy with confidence using the 104.00 low as dependable support. The stock did generate a negative reversal day on Friday that could generate some additional downside at the beginning of the week with the $115 as a potential downside or even if additional selling is seen, a drop all the way down to $110. By the same token, the red daily close on Friday was in the upper half of the day's trading range, suggesting a decent possibility of no additional selling being seen on Monday and a rally above Friday's high at 122.31 being seen. If that occurs and the all-time intraweek high at 122.65 is broken, a new leg up will be seen and Friday's low at 115.77 will become the new intraweek support. With Gold having made a new 7-year weekly closing high on Friday, the probabilities favor the bulls.

LNTH generated a new 15-month intraweek low and confirmed the previous week's break of the 200-week MA, currently at 16.22. Nonetheless, the bulls managed to rally the stock from the low to close slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 15.95 than below last week's low at 14.38. The stock did generate a positive reversal day on Friday, having made the weeks low on that day but then closing green, strongly suggesting that the first course of action for the week is likely to be to the upside. Nonetheless, the confirmed break of the MA as well as the fact the stock has shown "some" sensitivity to the index market action, does suggest that ultimately further downside is to come with the short-term pivotal support at 13.82 being broken and at least a retest of the important and long term pivotal support at 12.59 that would probably be broken as well. As such, this week's anticipated rally back up to test the MA at 16.22 should be used to liquidate the positions and get on the sideline with this stock. Pivotal intraweek resistance is found at 17.57 that if broken, would signal a turn around to the upside. Original mention's stop loss is at 13.62 that should be maintained at this time unless the indexes open lower and break supports. If that happens, immediate liquidation of the positions should be considered even if the stop loss has not been hit. Probabilities slightly favor the bulls this week but only for a rally up to 16.22.

MCIG generated a new 5-week intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at .039 will be seen this week. Nonetheless, the red weekly close was only by $.005 cents and not a strong statement of weakness, meaning that the stock is not rallying mainly because of the weakness seen in the index market and not on the weakness of the stock itself or of the industry. Support is found at .038 and then nothing until .029 and if the latter is broken, the bears will regain control. The industry itself has been weak for the past few months but with the recent drop in the index market, no strong weakness has been seen, meaning that these positions should continue to be held due to the extremely low prices that have a very low probability of weakening further even if the index market continues lower. Short term pivotal resistance is found at .068 that if broken under these circumstances would be strongly indicative of a recovery rally occurring. A drop below .0254 would negate all the gains seen the past 2 months.

NEM generated a new 7+-year intraweek and weekly closing high and on the high of the week, suggesting further upside above last week's high at 52.50 will be seen this week. There is no intraweek resistance until 57.05 (56.32 on a weekly closing basis) is reached, meaning open air above for another $4.50 gain. The stock generated an island formation 2 weeks ago that was confirmed with the new multi-year high and that gives the bull's full control of the stock until the next resistance level is reached. Above 57.05, there is open air until the $60 level is reached but with the probability of the stock getting up to the $65 level. Some support should now be found at the $50 demilitarized zone that based on the chart should not be broken or even tested until the $57 level is reached. Probabilities favor the bulls.

SRUTF generated an uneventful inside week but did close slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at .1244 than below last week's low at .10. The reality is that at these prices, it is extremely limited what the bears can do and the profit potential to be made but the bulls have very little with which to generate a rally. As such, more of this type of action is likely to be seen with the $.10 cent level as a floor to the downside. Short-term pivotal resistance is found at .1294 that if broken would suggest the .77 low seen 2 weeks ago is now an established bottom. Nonetheless, for any uptrend or recovery rally to occur, the bulls would need to get above .1639. Probabilities favor more of the same as seen this past week.