AU generated a new buy signal on the weekly chart, having closed on Friday above the most recent high weekly close at 26.46. Nonetheless, it was not a totally convincing buy signals as the stock closed at 27.94 and there is a previous high weekly of consequence at 27.75, as well as 3 previous low weekly closes (all of consequence) at 27.65, at 27.90 and at 27.90. As such, the bulls are in a must-generate another green weekly close this coming Friday to confirm the correction is over and that the uptrend is resuming. By the same token, there are several additional bullish chart signs that definitely favor the bulls. The first one is that an island formation has been built, with the stock gapping down on 9/21 from 27.06 to 26.52 and gapping up on Friday between 26.65 and 27.33. In addition, the stock is showing a breakaway/runaway gap formation, having gapped up on Thursday between 25.84 to 26.01 and then again on Friday between 26.65 and 27.33. With two bullish formations in place, if the formations are confirmed (a rally above 30.60), it will be a "super" bullish sign. The stock still has a downside gap above between 28.26 and 29.33 that is likely targeted for closure this week. Of that occurs, ehter is no resistance until the $30 level is reached. Evidently, a close of the gap below at 26.65 would mean the gap at 26.01 would be targeted and that would defuse the bullishness of these two formation, meaning at 26.65 is a level that should no longer be seen to the downside. Probabilities strongly favor the bulls.

AXP generated a spike up green weekly close and a close near the high of the week, suggesting further upside above last week's high at 107.21 will be seen this week. In addition, the stock also closed above the 200-week MA, currently at 100.72, giving the bulls additional strength. The stock did close above a resistance level of some consequence on the weekly closing chart, having closed on Friday above 105.67. Nonetheless and using the intraweek chart, nothing of indicative consequence has yet been accomplished as the previous intraweek high at 108.12 was not broken. The chart formation presently in place is a triangle that is more bullish than bearish but is open to both sides in making a statement of consequence. A break above 109.03 would generate a bullish breakout, whereas a break below 93.71, a bearish breakdown. With the stock near the upper level and expected to go above last week's high this week, the chart favors the bulls. As such, any break above 108.12 this week will make the odds swing even further in the bull's corner while a drop below last week's low at 101.32 would shift the odds toward the bears. It is evidently a pivotal week.

BTZI generated an inside week but with a green weekly close, adding some positive odds to the bulls side. This was especially true when Harris announced at the debate that if Biden wins, they would look to make Marijuana legal in the U.S. By the same token, the stock traded totally sideways for the past 5 days between .027 and .034 and any break above or below that high and low would be short-term indicative. On a midterm basis, the .023 and .045 are strongly indicative. A break above or below that range will be highly indicative of direction. Probabilities favor the bulls.

CAT had a bullish week in which a new 29-month intraweek and weekly closing highs were made. The stock closed on the high of the week and further upside above last week's high at 159.39 is expected to be seen. There is decent intraweek resistance between 161.10 and 161.60 that if broken, would suggest a run to the all-time high at 173.24 would occur. This area of resistance between $159 and $161 was in place for 5 months back in 2018 and will require some fundamental positive or an index breakout to happen in order to be broken to the upside. It is considered a decent to perhaps even strong area of resistance. To the downside, the only area presently where support is found is at 142.73. The stock is showing a breakaway/runaway gap formation with the breakaway gap being between 151.25 and 151.28 and the runaway gap was made on Friday between 156.73 and 157.34. If the runaway gap is closed, the breakaway gap will be targeted. By the same token, if the stock gets above 161.60, that formation will be confirmed and it will make the $157 level into a new support base. It is evident that the stock is now at an important crux point as a failure here at the $161 level will strongly suggest a move back down to the $140 level over the next couple of months. Probabilities slightly favor the bears.

CNX did not follow through to the downside (as expected) and did generate a reversal of short-term trend rally, having generated a 15.3% rally from the previous week's close to last week's high. The stock closed near the high of the week and further upside above last week's high at 10.97 is expected to be seen this week. Another positive that occurred is than on both the daily and weekly closing chart, the stock closed above the previous low daily close at 10.14 and above the previous low weekly close at 10.53, meaning that a failure signal against the bears was given. All of this also coming from a successful retest of the 200-day MA, currently at 9.01, seen the previous week. The correction is now over and another attempt at breaking the 200-week MA, currently at 11.79, is expected to happen now. Any weekly close above 12.00 would be a breakout of consequence and open the door wide for a rally up to the $15 level. Weekly close support of importance is now found at 9.78 but the daily chart now suggests the 10.14 level (on a daily closing basis) is unlikely to be broken any more. Probabilities favor the bulls.

CRON generated a 20% rally this past week and in the process, did generate a new buy signal on the weekly closing chart, having closed on Friday above the 2-month high weekly close at 5.67. One of the reasons for the rally was a statement from Harris at the Harris/Pence debate that Biden would legalize Marijuana if he won the election. The stock did close near the high of the week, suggesting further upside above last week's high at 6.06 will be seen this week. There is no resistance above until 6.64 is reached and that resistance is minor. The stock did generate a negative reversal day on Friday, given that it got up to the 200-day MA, currently at 6.18, and evidently the bulls don't yet have enough tangible ammunition to break that important line. As such, it is expected that a drop back down to around the 5.40 level will be seen this week. If that level of support holds up, a new attempt to break the MA line is likely to occur. There is a triple top on the daily closing chart at 7.02/7.08/7.08 that is a magnet if the MA line is broken and given that it is multiple high, it is likely to be broken. As such and after some early-in-the-week weakness, the probabilities favor the bulls.

ENG generated a big rally this past week, having moved up 37.6% from the previous low weekly close to last week's intraweek high. The stock did give a failure signal against the bears, having closed above .98 on the daily closing chart and above .92 on the weekly closing chart. Nonetheless, the bulls came up short on Friday when the stock closed at 1.10, which was $.01 below a decent weekly close resistance level "and" the 200-week MA, both at 1.11. The stock did close in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 1.33 than below last week's low at .80, though in reality and without any change in the fundamental picture, the probabilities actually favor an inside week. The levels to watch this week on a daily closing basis, are the 1.22 level to the upside and the 1.00 level to the downside. A close above or below either of those levels will tilt the probabilities to that side. Probabilities do favor the bulls given that the chart is fulfilled both to the upside and downside and a breakout from the 11-year downtrend now seems the most likely given the fundamentals of the company.

MRNA has now confirmed the failure signal against the bears, having closed on 2 of the last 3 weeks above the previous all-time high weekly close at 69.0. The stock made a new 9-week weekly closing high and closed near the high of the week, suggesting further upside above last week's high at 73.92 will be seen this week. There is some intraweek resistance at 75.39 and again at 75.75 but above those levels there is no resistance until 83.85 is reached. Decent and not likely broken-at-this-time resistance is found at 87.00. Intraweek support is now pivotal at 67.25. On a fundamental basis, the company has now finished its recruitment of patients for Phase 111 of its clinical trials and is already seeking FDA approval of the vaccine. On rating company lowered its upside target to $93 but another rating company raised theirs to $136. Probabilities strongly favor the bulls this week.

NEM generated a positive reversal week, having made a new 2-week low but then closing green and on the upper half of the week's trading range, suggesting further upside above last week's high at 63.95 will be seen this week. If that does occur, then last week's low at 60.77 will become the required/needed retest of the recent low at 59.28, suggesting the correction is over. The stock is still showing an open gap on the weekly chart between 64.34 and 64.54 that is likely to be target for closure this week. If that occurs (likely), there is no resistance above until the 68.55-68.95 level is reached. By the same token, there is a triple top at that area, meaning it is likely to be broken, suggesting that if all of that upside occurs, the target would be a rally up to 69.13 would occur. Last week's low at 60.77 is now pivotal support. Probabilities strongly favor the bulls.

ORCL made a new all-time weekly closing high on Friday, breaking above the double top that had been built on the weekly closing chart at 59.80. The stock closed near the high of the week and further upside above last week's high at 61.38 is expected to be seen this week. The stock still has intraweek resistance as the all-time intraweek high is at 62.20, which was the reason I did not cover the shorts last week. Nonetheless the chart picture is bullish as the stock is showing a bullish flag formation that if 62.60 is broken, offers an upside objective of 66.12. There is intraweek resistance at 61.86 that is the target for this week. Thereafter, it will all depend on what the index market does. Pivotal support is found at 58.29 that if broken, the bull flag will disappear and a failure signal likely given as well. Probabilities favor the bulls but it does depend on what the index market does.

QQQ made a new 5-week intraweek and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 285.79 will be seen this week. There is no resistance above until the all-time high weekly close at 292.53 is reached (303.50 on a daily closing basis). The bulls are committed to making a new high or face the probabilities of a successful retest of the all-time highs and beginning of a downtrend. As such, any red weekly close at this time would be a negative. On a daily closing basis, any daily close below 282.25 would generate a failure signal on the breakout seen this past week and if confirmed, would suggest the rally is over. Probabilities favor the bulls.

RIO generated a rally and a green weekly close, as well as a close in the upper half of the week's trading range, suggesting further upside above last week's high at 63.14 will be seen this week. Nonetheless, the bulls failed to close above the previous 9-year weekly closing high at 62.78, meaning that the bulls have not yet fully reestablished the uptrend. The bulls did work into the gap above, having moved up above the low of the gap area at 62.43 with a high at 63.14 this past week. Nonetheless, the gap is at 63.83 and more needs to be done this week to close the gap. I do believe that will occur but then there is also intraweek resistance at 65.20 that needs to be broken before the bulls gains all the confidence back. Intraweek support will now be found again at 60.18 and pivotal at 59.24 that if broken, would suggest a drop down to the 200-day MA, currently at 54.81. Probabilities do favor the bulls though.

SRUTF continues to go lower, having made yet again a new intraweek low at .0253 as well as a new low weekly close at .0287. There is nothing positive about the action and it does suggest further downside is to be seen unless Biden wins the election and Marijuana is made legal across the United Stated. The company is in better shape fundamentally than it was 3 months ago but that has not helped. Trading interest remains as historically low levels, meaning there is little interest at this time in trading the stock. Nonetheless, this week is important because if further downside is seen, especially on a weekly closing basis, then it suggests that only an overall turnaround in the Cannabis industry would help the stocks. Probabilities slightly favor the bears.

W generated an inside week but a red weekly close and near the low of the week, suggesting further downside below last week's low at 291.81 will be seen this week. The red close means that the previous week's close at 305.36 is now a successful retest of the all-time weekly closing high at 340.66 and that suggests the uptrend is over. This signal is even more convincing given that the indexes not only moved up but broke out and yet the stock moved in the opposite direction. Minor intraweek support is found at 286.61 and again at 272.89. Both supports are short-term pivotal. Resistance is found at 313.03 and pivotal at 324.21. It is important to note that the supports mentioned above are on the daily chart. On the weekly chart, there is no support below until 234.65 and given that a successful retest of the high has now been given, generally that would mean that the recent low will be broken. Below 234.65, there is no support until the previous all-time weekly closing high at 169.83 is reached. Probabilities favor the bears and perhaps strongly, especially if the index fail to make new highs.