AGCO generated a positive reversal week, having made a new 12-week low and then closing green and near the high of the week's trading range, suggesting further upside will be seen next week above this week's high at 75.31. The green weekly close made last week's close at 73.79 into a successful retest of a minor to perhaps decent previous low weekly close as well as of the previous all-time high. If this action is confirmed with another green weekly close next Friday, it would suggest the uptrend has resumed and that a new all-time high above 81.39 will be made within the next 3-6 weeks. It also needs to be mentioned that using the daily chart, the drop down to 73.13 is now a successful retest of the 200-day MA, currently at 74.01, and that line has held firm the past 52 weeks. The action seen suggests that only some negative fundamental catalyst would generate further downside. Minor resistance is found at 75.56 but if broken, there is nothing of consequence until 78.00 is reached. The company reports earnings in 3 weeks (on February 6th), suggesting that the probabilities favor the bulls during this period of time. Stop loss should now be placed at 73.03.

ARNA received some positive news in the form of the government agreeing to "fast tracking" one of their bio-pharma products that is in clinical trials and the stock generated a positive reversal as well as a likely successful retest of the recent low, having gone below the previous week's low and then closing above the previous week's high and near the high of the week, suggesting further upside above last week's high at 47.70 will be seen this week. Nonetheless, the chart is still slightly tilted in favor of the bears (bearish inverted flag formation is still in place) and only after the stock gets and closes above the 17-week high at 50.33 will the edge change back to the bull side. For now though, the probabilities favor the stock rallying up to $50 demilitarized zone until more information comes out. As it was last week, support is found at 45.28, at 44.94 and at 44.33 and short term pivotal resistance is found at 47.77 that if broken would open the door for a rally to the $50 demilitarized zone. The news was positive but not a game changer, meaning that the only thing that has changed is that the bulls now have the slight edge for the short term, whereas the bears had that edge last week. Otherwise, nothing has yet changed.

AU followed through to the downside this past week after 2 weeks ago the stock tested the 6-year high successfully, having generated a red close below the 6-year wekly closing high at 22.75. The stock closed near the low of the week and further downside below last week's low at 20.09 is expected to be seen this week. Nonetheless, Gold maintained itself at the new 6-year high, suggesting that this recent weakness is temporary and technical in nature. There is intraweek support at 19.53 and decent to strong support at 18.04 and includes the 200-day MA, currently at 18.13, suggesting that as long as Gold doesn't turn around in an indicative way, that support will not be broken. Minor to decent intraweek resistance is now found at 22.93. The chart suggests that the stock will trade between 19.70 and 22.70 for the next week or two until the index market decides what it wants to do. Probabilities slightly favor the bulls this week.

COF generated a green weekly close and on a spike-type basis, having appreciated 4.5% over the past 2 weeks. The stock closed on the highs of the week and further upside above last week's high at 104.47 is expected to be seen this week. The all-time high is 105.70 and that will be the target this week. Nonetheless, the company reports earnings Tuesday after the close and that will be the determining factor for the stock this week. The previous week's low at 99.83 is now strongly pivotal and if broken, the target would be the $94 level. Probabilities favor the bulls this week. Stop loss should remain at 105.80 but with the earnings report due out, it should be mental and not a hard stop, at least until after the report comes out.

CRON made a new 10-week high in a spike up fashion and closed near the high of the week, suggesting further upside above last week's high at 8.82 will be seen this week. The break above the resistance at 8.15 suggests that the stock has broken out of the sideways $6-$8 trading range and that some recovery if not the beginning of a new uptrend has started. On an intraweek basis, there is resistance at 9.59, 10.39, 10.56, and at 11.90 with weekly close resistance being minor to decent at the $10 demilitarized zone. The 200-day MA is currently at 11.79 and that line is a definite target for the traders to shoot for, off of this breakout. As far as support is concerned, the 7.70 level on a daily closing basis is now minor to decent support that should not be broken unless this breakout is negated (unlikely). This mini breakout is not suggestive of a new uptrend of consequence having started but it is indicative that a bottom to the 9-month downtrend has been found and that a new trading range, likely to be $8-$11 is now in place until the company reports earnings on February 11. Probabilities favor the bulls this week.

CVGW got down to the 200-week MA, currently at 78.76, with a intraweek drop down to 78.56 and a bounce back up to 81.64, which is significant move of 3.6%. The MA has not been broken for the past 11 years and there is no fundamental basis for the line being broken at this time, meaning that the probabilities now favor a bounce back up to at least the 200-day MA, currently at 91.14. On a slightly negative note, the bulls failed to close the stock in the upper half of the week's trading range, leaving the door open for a bit more weakness this week and a weekly close next Friday lower than this week's close at 80.73. Nonetheless, it is likely (if not evident) that the stock is now in the process of building a new support base from which to launch a new attempt at a new all-time high this year, given the strong and positive fundamentals of the company. The stock did generate a negative reversal day on Friday, meaning that the first course of action for the week will be to the downside and an attempt at generating a successful retest on the daily chart of last week's low. If that occurs and the 78.56 low is not broken and then the stock gets above Friday's high at 81.64, a new buy signal will be given and the bulls will climb aboard immediately, especially since above that level there is no resistance until the $84 level is reached. Last week's low might be broken this week given that the stock closed slightly in the lower half of the week's trading range but even if broken, it would not likely be by much and buying would likely be seen. The 75.78 level of support should not be broken. If it is broken, it will change the chart totally. Probabilities slightly favor the bears this week but the probabilities also favor a new support area being in the process of being built and from which to launch a resumption of the 12-year uptrend that is still in place.

ENG continued to trade in the now 4-month trading range between .96 and 1.11 levels (based on weekly closes) without giving any sign of a breakout or breakdown on the horizon. The company does not report earnings for another 3 weeks, suggesting more of the same will continue to be seen. On a weekly closing basis, pivotal support is found at .90 and resistance at 1.11. With the stock closing at .099 on Friday, there is no indication of either one likely to be broken this week. Probabilities favor another uneventful week this week.

FNV generated another new all-time intraweek and weekly closing high and a close near the high of the week, suggesting further upside above last week's high at 106.40 will be seen this week. As long as Gold does not sell off, this stock is likely to continue to outpace all other Gold related stocks given that it is not a Gold producer but a company that helps Gold producers through loans and other needed products. As such, not as sensitive to Gold movement. The stock has now made 3 new all-time highs in the past 4 weeks and given that the previous week the stock went down to the previous all-time high weekly close at 99.04 with a drop down to 99.66, it means that a successful retest occurred and that further upside and likely of consequence is on the horizon. Pivotal support is now found at that 99.66 low, meaning that stop losses can now be moved up to 99.56. There is no resistance to the upside but based on the action the past 4 weeks, the $110-$111 level could be the next objective seen. Probabilities favor the bulls.

GS broke through the minor to decent intraweek resistance at 245.08/245.42 to make a new 21-month high and get up to the next psychological resistance at $250. Nonetheless, there is no previous and established resistance at this level, meaning that the stock is likely to continue higher to the decent intraweek resistance at 255.15 (252.80 on a weekly closing basis). The stock did close on the high of the week and further upside above last week's high at 250.46 is expected to be seen this week. The company reported earnings this past week and though they were generally better than expected, there were some negatives and the initial reaction was to the downside with the stock opening $6 lower after the report. This does suggest that the traders are likely to respect the chart resistance level above as on a fundamental basis, these prices are not fully supported. The stock has now generated 8 weeks in a row of green weekly closes and 14 out of the last 15 and has appreciated 22.6% in value over the past 4 months without any major change in fundamentals. If nothing else, a correction of some consequence is way overdue. The $220 level continues to be a valid downside target for a correction. If the $255 level is reached, a drop down to $220 would be a 13% correction, which is doable. Probabilities favor the bulls this week but the possibilities of some selling on consequence starting as the stock gets above 252.80 and near 255.00 is high.

IBM made a new 10-week high and closed on the high of the week, suggesting further upside above last week's high at 138.33 will be seen this week. Nonetheless, the stock did receive 2 downgrades this week and the company reports earnings on Tuesday after the close and the probabilities favor the bears. The new 10-week high did not negate the midterm bearish inverted flag formation, meaning the chart still supports lower prices and a $127.70 objective. By the same token and looking at the action the past 2 weeks, the short term direction is up and the top of the bearish flag at 139.14 is the objective for this week. It is also important to note that the stock closed Friday at the 200-day MA, currently at 138.08 and if the 139.14 resistance is broken and the bulls are able to generate 2 daily closes in a row above the MA line, then the chart outlook will change. Pivotal support is found at 130.69 but if last week's low at 135.07 is broken, the probabilities will favor the traders attempting to reach the pivotal support thereafter. Probabilities favor the bears but the earnings report could be catalytic for the bulls.

SGMO generated an uneventful week, trading within the recent trading range between 7.95 and 9.20. The stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 8.07 will be seen this week. A mountain of support is found between 7.70 and 7.95 that should not be broken but if it is broken, it will open the door for a drop down to the 6.55 to 6.26 level. The company reports earnings on February 5th and the probabilities do not favor anything of consequence happening until that report comes out. As such, probabilities favor the stock generating a trading range this week between 7.95/8.00 and 8.80/8.85.

SRUTF traded once again in the same trading range it has been in for the past 33 trading days (between .14 and .165) with no sign of whether a breakout or a breakdown of this trading range is in the immediate horizon. By the same token, the mini breakout seen in two other Cannabis stocks (MCIG and CRON) does suggest the probabilities favor the bulls for the same kind of breakout as seen there. Pivotal resistance is now found at .18 (.1750 on a weekly closing basis) that if broken would generate a possible bottom to the downtrend at .14 and a rally to test the previous all-time low bottom at .2576. Pivotal support is found at .133. The stock has lost 50% in value over the past 14 weeks and other than the problems found generally in the Cannabis industry, there have been no negative fundamental changes to the company, meaning that it is likely that the downtrend was overdone and that some form of recovery, at least back up to the .25 level, will occur. Probabilities favor the bulls this week.