AU generated another red weekly close (the 3rd in a row and 6th out of the last 7 weeks) but did get down to the 100-week MA, currently at 20.52, a level that has not been broken on a weekly closing basis for the last 2 years. The stock did get down to 20.15 but then bounced up to close above the line (closed at 21.41) and in the upper half of the week's trading range, suggesting further upside above last week's high at 21.83 will be seen this week. More importantly, the stock generated a green close day on Friday at a time that Gold itself closed $23 lower, suggesting that the traders in the stock do not believe the stock or Gold are heading lower. Intraweek and daily close resistance is found at 22.82, which if broken would show open air above until the 200-day MA, currently at 25.44, is reached. Evidently, if the stock breaks last week's low at 20.15, it would be a decent negative. Probabilities favor the bulls.

AXP generated a new 9-month intraweek and weekly closing high and closed near the high of the week, suggesting further upside above last week's high at 121.69 will be seen this week. Minor resistance is found at 122.43 and then nothing until decent resistance at 129.34 is reached. It is important to note though, that the bulls had trouble making the new intraweek high as it was made on Tuesday and then closed at 120.39, followed by a close on Wednesday at 129.39 and then on Friday at 120.59. Like with the index market, this week is pivotal as the holiday week is over. Any daily close below 118.67 will give a failure signal and any daily close below 112.58, a sell signal. Any daily close below 109.73 would be a tangible negative sign for the recent uptrend. Probabilities slightly favor the bulls.

BTZI generated a green weekly close, making last week's close at .0395 into a successful retest of the breakout weekly close level at .04. As such, the traders are now likely to dedicate a bit more efforts toward taking the stock higher. Intraweek resistance is found at .05 and short term pivotal at .055. Midterm pivotal weekly close resistance is found at .066 that if broken would signal the bulls are back in control. On an intraweek basis, the pivotal resistance is found at .088. The .05 level has been important and pivotal since June 2019 on over 6 occasions, meaning that if the bulls can establish themselves above .05, the downtrend will be officially over. Probabilities favor the bulls.

CAT generated a new intraweek and weekly closing high last week but then fell back to close in the lower half of the week's trading range, suggesting a higher probability of going below last week's low at 172.78 than above last week's high at 178.32. Like with the indexes, this week is pivotal for either keeping the uptrend moving higher or giving a failure signal and correcting down. The pivotal level to watch on a daily closing basis is 169.13 (on a weekly closing basis it is 170.40). Any daily close below that level would not only generate a failure signal but a sell signal as well. The stock has generated 4 green weekly closes in a row and since 12 months ago, 5 green weekly closes in a row has not occurred and over the past 3 years 5 green weekly closes in a row has only occurred once. As such, the probabilities favor a red weekly close this week. Resistance is found at last week's high at 178.32 that if broken would give the bulls new ammunition at a pivotal time. Probabilities favor the bears.

CNX generated an uneventful inside week but did close green and near the high of the week, suggesting a higher probability of going above last week's high at 10.00 than below last week's low at 9.31. The most important thing that did occur is that the green weekly close did mean that last week's close at 9.36 is now one more successful retest of the 9.37 weekly close level that has been pivotal on 2 previous occasions over the past 52 weeks. It does suggest the bulls have the edge at this time. Short term pivotal daily close resistance is found at 9.99 (on a weekly closing basis at 9.92) that if broken would offer open air above until the 10.74-11.00 level. Overall, the stock seems to be in a trading range between 9.30 and 11.70 that is likely to continue until such a time that some catalytical event to the stock occurs. Probabilities favor the bulls this week.

CRON generated a new 10-month weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 8.56 will be seen this week. If the bulls can get the stock above the 9.00 intraweek high seen in January and generate a weekly close above 8.55 (closed on Friday at 8.39), the last 10 months of the downtrend will be erased and the bulls will gain short term control. In addition, if the stock gets above the 9.00 level, the top of a bullish flag formation will be broken that offers a 10.20 upside objective, which by the way is where there is previous and existing resistance with a previous high at 10.39 as well as the 100-week MA, currently at 10.13. On the daily chart, the stock now shows a breakaway and runaway gap formation that has been tested successfully and gives the bulls the edge this week. The chart suggests the stock will take off to the upside this week with the $10 demilitarized zone as the objective. Purchases can be made using a stop loss at 7.47 (closure of the runaway gap). Probabilities strongly favor the bulls this week.

ENG appreciated 389% in value (from the previous weeks close to last week's intraweek high) and in the process, the stock broke the 11-year 5-point trend line in an impressive way, causing a strong amount of short-covering to occur. In addition, 2 previous intraweek highs at 3.10 and at 4.23 were broken. This break to the upside is confirmation that the downtrend is over. Nonetheless, the bulls failed to make a bull-trend-has-started statement, having closed in the lower half of the week's trading range and below the previous spike high weekly close from January 2017 at 2.88. The 11-year downtrend line is presently at 1.44 and it is likely that at some point over the next few weeks (if not this week) that the breakout line will be tested. Nonetheless, with this breakout, the 2.03 level on a weekly closing basis has now become support, meaning that weekly closes below that level are not likely to occur anymore. Evidently there are still a lot of shorts out there and based on the chart, the likely upside objective for the midterm (next 1-3 months) is the 6.45 level, which was the high made in 2010. This suggests that volatility will now be the norm for the next few weeks. Using the intraday chart, support is found at 2.05 and resistance at 2.70. A break above 2.70 would open the door for some type of retest of last week's high at 4.32. Probabilities do not favor either side this week as the trading is likely to be some new base building among rallies to determine new resistance levels. Certainly, the 3.10 high seen in 2017 will be a resistance level for now.

MRNA took off to the upside with a bang this past week, having appreciated an additional 23% in value from the previous week's close to last week's close. The stock closed near the high of the week, suggesting further upside above last week's high at 130.06 will be seen this week. The stock has doubled in price over the past 5 weeks based on the Corona Virus vaccine they have produced and being the #1 company prepared for delivery of the virus. The stock did gap up this week between 109.29 and 114.86 and this gap is now important as it needs to be followed by another gap (runaway) or it will be targeted for closure as soon as the buying interest dries up. For this week, new all-time highs are still expected to be made. Nonetheless, even for buy and hold positions, consideration should be given to liquidating the positions at the first sign of weakness, unless of course, the stock gaps up again on Monday. Probabilities favor the bulls.

NEM generated a new 5-month intraweek and weekly closing low and closed in the lower half of the week's trading range, suggesting further downside below last week's low at 56.55 will be seen this week. Nonetheless, on Friday the stock generated a green day in spite of Gold dropping $23 in value and that strongly suggests that the downside is now very limited or no further downside is to be seen. The stock did generate a positive reversal day on Friday, having gone below Wednesday 's low and then closing above Wednesday's high and on the high of the day, suggesting further upside above Friday's high at 58.62 will be seen on Monday. The stock broke the 200-day MA, currently at 59.83, on Monday and a retest of that line is likely to occur at the beginning of the week. In the last 18-months, the line had only been broken once and for one day. It has now been broken for 3 days but if the bulls can close above the line for 2 days in row, the sell pressure will abate. On a daily closing basis, the 60.22 level is important and pivotal. A close above that level for 2 days in a row will give the bulls the edge back. There is some minor intraweek support at 55.75 that should not be broken or it will give the bears additional ammunition. Probabilities favor the bulls this week.

QQQ generated a new all-time weekly high and closed near the high of the week, suggesting further upside above last week's high at 300.17 will be seen this week. Nonetheless and unlike the NASDAQ, the stock did not make a new all-time intraweek or daily closing high, having fallen short of the all-time intraweek high at 303.50 by 3.17 and fallen short of the all-time daily closing high at 302.78 by 3.77. If the bulls fail to break those this week, it will be seen as a failure. It also needs to be mentioned that the stock did gap up on Friday between 296.94 and 297.90, which is considered to be the replacement to the runaway gap that occurred on November 5th but that was subsequently closed. If the stock does not close the gap and gets above 303.50 (all-time intraweek high), it is likely to continue higher. If the stock closes the gap and then generates a daily close below 294.52, it will be seen as a failure and new selling will be seen. Probabilities slightly favor the bulls but the key word is "slightly".

RIO made a new 9+-year intraweek and weekly closing high this past week. The stock closed exactly in the middle of the week's trading range, suggesting equal chance of going above last week's high at 67.90 as going below last week's low at 64.23. The area where the stock closed (66.06) does have some minor to perhaps decent resistance from 9 years ago that is not likely to be important but if a red weekly close occurs on Friday it could have some meaning. Nonetheless, there is open air above until the $73-$74 level, meaning that if the stock gets above 67.90, it will likely continue higher to the $70+ level. The area below to keep a close eye on is the previous 9-year daily closing high at 65.43. If a confirmed daily close (2 days in a row) below that level occurs, a failure signal will be given. Probabilities favor the bulls.

SRUTF generated another uneventful week (4th in a row), having closed at .039 on Friday. The last 4 weeks, the low weekly close has been .036 and the high weekly close has been .04, meaning there seems to be no interest at this time from neither the bulls nor the bears. There is intraweek support at .03 and pivotal at .025 and resistance is found at .049, at .0659 and long term pivotal at .080. For the past 31 weeks, with the exception of 2 weeks, the stock has been mainly stagnant in price. Nonetheless, the stock is in the Marijuana industry and if CRON generates a breakout this week (as the probabilities suggest), it could give the bulls some new ammunition to take the stock higher.

W generated a second green weekly close in a row and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 268.96 will be seen this week. In addition, the bulls were able to generate a failure signal against the bears on the weekly closing chart, having closed on Friday above the 2 previous low weekly closes at 248.03 and 252.48, suggesting the bulls now have their edge back. By the same token and like with the index market, this past week was a holiday week and all weekly closes with new highs or failure signals against the bears, need to be taken with a grain of salt and do need to be confirmed this week with both follow through on an intraweek basis as well as on a weekly closing basis. The daily closing level to watch this week is 241.73. A daily close below that level will deflate the balloon that was created this past week and give the bears the edge back. As far as daily close resistance above, a daily close above 265..85 will open the door for a rally up to at least the $282 level. Probabilities do favor the bulls but like with the indexes, this is a pivotal week.