AXP generated a red weekly close (the 2nd in a row) and a close below the 200-day MA, currently at 101.62, as well as very slightly below the 200-week MA, currently at 101.00. The stock closed near the low of the week and further downside below last week's low at 100.00 is expected to be seen. Another red weekly close next Friday would be a negative sign. Nonetheless, another close below the 200-day MA on Monday would cause the traders to lean on the bear side. These are important signs given that the stock reported earnings this week and they were worse than expected, meaning any sign given is likely to be indicative. Likely pivotal intraweek resistance is found at 104.87. The stock has a gap below at 96.85 that is likely to be a magnet. Pivotal intraweek support is found at 93.71. Probabilities favor the bears.

BTZI generated a new 8-month weekly closing high the previous week and confirmed that breakout with a 2nd green weekly close on Friday. The stock closed on the high of the week, suggesting further upside above last week's high at .0436 will be seen this week. There is no resistance until minor to decent intraweek resistance is found at .0489. That level also shows daily close resistance of some consequence. By the same token, the stock has now closed above the 200-day MA, currently at .036, for 7 days in a row, strongly suggesting the downside is over and that an uptrend could be starting. Any daily close above .048 would be a strong short-term positive that would likely thrust the stock up to the 2 highs seen in the last 17 months at .08 and at .088. Support is now found at .036. Probabilities favor the bulls.

CAT generated a negative reversal week, having made a new 33-month high but then closing red. The red close was only by $.16 cents and as such not all that convincing. In addition, the stock did close slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 166.76 than above last week's high at 171.24. What is likely to decide direction from here is the earnings report on the company that comes out Tuesday morning. Evidently, another red close next Friday would generate a confirmed successful retest of the all-time high weekly close at 170.40. Intraweek resistance is now found at the high made last Monday at 171.26 and at the all-time high at 173.24. Support is found at the week's low at 166.76. The stock is showing 5 open gaps below and anything more than 2 gaps are likely to be closed unless there was some game changing fundamental news (which there has been none). As such, the 3rd gap down at 156.73 beckons unless the earnings report far exceeds expectations. The expectation is for $1.17. Probabilities favor the bears given that 1-year ago, the company reported earnings of $2.66 and as such, it seems highly unlikely that new all-time highs can be made fundamentally.

CNX made a new 9-week intraweek and weekly closing high, though on a closing basis it was only by $.03 cents. The stock closed in the upper half of the week's trading range. Nonetheless, the stock has been in this same situation on 2 other occasions in the past 6 months and failure was the end result. The 200-week MA is currently at 11.73 and if the stock gets above the most recent intraweek high at 12.27 and closes above 12.00 next Friday, it will be considered a breakout of consequence, which if confirmed with another green close the following Friday, would mean the most recent 5-year downtrend is over. There is minor intraweek support at 10.65 and minor to decent but likely pivotal at 10.14. The intraweek resistance between 12.00 and 12.27 is decent and copious but if broken there is no resistance until 14.19. The repeated attempts to break above the 200-week MA suggests that this 3rd attempt might be the successful one. Probabilities favor the bulls.

CRON made a new 10-week intraweek and weekly closing high on Friday and did close in the upper half of the week's trading range, suggesting further upside above last week's high at 6.10 will be seen this week. Nonetheless, on Friday the stock generated a negative reversal day, having made a new 10-week high on that day but then closing red, suggesting the first course of action on Monday will be to the downside and below Friday's low at 5.79. The reason for the reversal was the fact the stock reached the 200-day MA, currently at 6.12, for the 3rd time in the last 4 months and selling was seen. Like with CNX though, 3 times is usually the magic number, meaning that if the support at 5.37 is not broken, the next attempt at the line will generate a break of it. If that does occur, the probabilities will be high that the traders will target the 200-week MA, currently at 7.57 as the next objective. Evidently, the election is important for the Cannabis industry, given that Biden and Harris are targeting the legalization of Marijuana in the U.S. As such, the election is likely to be the catalyst as to whether the stock ends the 18-month downtrend or not. Probabilities favor the bulls.

ENG generated an uneventful week, having closed $.01 cents below the previous week's close. Nonetheless, the stock did go below last week's low and if the stock goes above last week's high at 1.05, last week's low at .86 will become the needed/required successful retest of the recent low at .74. The 200-week MA is currently at 1.08 and if the bulls can close above that level, especially above the closing resistance at 1.11, new buying interest will be seen. Any close now above 1.22 would be a breakout and would suggest the 11-year 5-point trend line, currently at 1.50, would be tested. Any break above the recent intraweek high at 1.56, would mean the long-term downtrend is over and a large short-covering rally occur, with the $4-$5 level as a mid-term objective. Pivotal intraweek support now likely to be at .74. Probabilities favor the bulls.

MRNA generated follow through to the downside after last week's spike up and closed near the low of the week. The stock has now seen a correction of 16.4% from the recent high seen 3 weeks ago to last week's low. Nonetheless, this correction was all technical (chart oriented) and not based on any change of fundamentals. The 68.80-69.00 level on a weekly closing basis, has been pivotal since that was the previous all-time high weekly close seen 5 months ago. The stock did trade as low as 68.06 last week but then saw a rally at the end of the week, to close on Friday at 70.53, suggesting the bulls remain in control. News remains positive for the company as just today (Sunday), it was announced that Qatar signed a deal to buy the vaccine from the company. The stock did close slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 68.06 than above last week's high at 74.09. If that does occur, there is minor support at 67.25 and a bit stronger between 63.64 and 65.00. Based on the fact that the stock has now gone below a previous week's low (the first time that has happened since the 54.21 low was made), if the stock goes above last week's high, a successful and needed/required retest of that low will have occurred and new buying will likely be seen. Probabilities favor the bulls.

NEM generated a new 4-week intraweek low and a new 17-week weekly closing low. The stock closed near the low of the week, suggesting further downside below last week's low at 59.84 is expected to be seen this week. Short-term pivotal intraweek support is found at 59.28 that if broken will further weaken the chart, at least for the short-term. Nonetheless and in looking at the daily chart, the 200-day MA is currently at 57.49 and there is also intraweek support there and on down to 57.08 that should not be broken, given that a break of the MA line would suggest the uptrend is over, and that is not a likely scenario. As such, there is a decent chance the stock will get down to the line this week as it did in March but not break the line on a daily closing basis (the same as in March). A drop down to the line is probably the "worst case scenario", but it is not all that probable given the intraweek support at 59.28 that has a good chance to hold up. To the upside, there is no pivotal level of resistance until 64.33. I do not expect that level to be seen or approached this week. Probabilities slightly favor the bears this week but it is almost a toss-up.

ORCL generated a new 3-week intraweek low as well as another red weekly close. Nonetheless, the bears failed to make any kind of a statement given that the stock closed on Friday at 59.91 and the previous multi-year weekly closing high is at 59.80. Simply stated, no failure signal was given and the chart remains bullish as the traders await the election results. The stock did close slightly in the upper half of the week's trading range, suggesting a higher probability of going above last week's high at 60.75 than below last week's low at 58.89. Either way, it is unlikely that anything of consequence will occur this week. The traders are waiting for the election results before deciding direction from here. Probabilities favor the bulls this week but only slightly.

QQQ generated a red weekly close, meaning that the previous week's close at 288.41 is now a successful retest of the all-time high weekly close at 292.52. If confirmed next Friday with another red weekly close, probabilities that the uptrend is over will increase exponentially. The stock closed slightly in the lower half of the week's trading range, suggesting a higher probability of going below last week's low at 280.82 than above last week's high at 292.48. Minor intraweek support is found at 273.44. Nonetheless, any daily close below 274.31 would generate a new sell signal. Pivotal resistance is found at 297.46 that if broken would give the bulls new ammunition. Probabilities slightly favor the bears this week.

RIO made a new 3-month intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at 59.07 will be seen this week. The stock has no intraweek support until 56.92 is reached but on a daily closing basis, support of some consequence is found at 59.20. The stock generated one of the small trading ranges in months, suggesting that trading interest at this time is waning, likely as the traders await election results. Pivotal resistance is found at 63.14. Probabilities favor the bears this week but having closed on Friday at 59.60 but there being daily close support of some consequence at 59.20, the downside is likely limited.

SRUTF generated a spike rally this past week, having seen a low of .039 and a high of .08. Nonetheless and at the end of the week, the bulls failed to generate anything of consequence as a close above .058 was needed for a new buy signal on the weekly closing chart and a close above .0605 to generate a failure signal. The stock traded above both levels up to within 90 minutes of the close on Friday but then the bulls failed to accomplish the goal, meaning nothing of consequence was accomplished. Nonetheless, the main reason the stock sold off from the high of the week is that the stock reached the 200-day MA, currently at .0701 and this was only the 2nd time that line has been tested in the last 15 months. With nothing to be decided until after the election, it was not likely the MA would be broken at this time. Intraweek support is found at .0447 that should not be broken. As such, it is likely the stock will trade between .0447 and .06 this week with a slight edge to the bulls for a close above resistance next Friday.

W generated a spike down week in which a new 5-week intraweek and weekly closing low mas made. The stock closed near the low of the week, suggesting further downside below last week's low at 260.76 will be seen this week. Pivotal weekly close support is found at 252.28, which is likely to be seen this week. A close below that level is likely to occur ultimately but not necessarily this week, prior to the election. The stock did generate a new sell signal on the daily closing chart but a close below 252.08 is needed to bring in new selling interest. Minor intraweek resistance is found at 275.85 and decent at 296.86. Probabilities favor the bears.