AU made a new 12-week intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 27.06 will be seen this week. I could not find a fundamental reason for the drop. The company did announce the reopening of a new mine on Wednesday that will produce an additional 100,000 ounces of gold per year but that should have been a positive for the company, not a negative. The only other possible reason for the drop and break on Friday was option trading due to quadruple witching day. If that is the case, the stock should open higher on Monday and not look back. One thing the chart does show is a breakaway/runaway gap formation between 24.65-25.01 (breakaway) and between 26.48-26.75 (runaway), which should not be closed given the fact that Gold remains in a bull pattern and on new all-time highs. Evidently, if the runaway gap gets closed, the breakaway gap will be targeted. There is no intraweek support below until the 200-day MA is reached, currently at 24.34). One additional possibility for the reason for the break was a triple low on the daily closing chart at 27.65, 27.90 and 27.90 that might have been targeted to breakage on a volatile day such as a quadruple witching day, once again meaning that it should be reversed on Monday with a daily close above 27.90. The stock did gap down on Thursday between 29.33 and 28.26 which does suggest the news of the reopening of the mine might be the reason for the drop in price as that is when the news came out. If the stock does reverse direction on Monday, that gap will be a target for closure. Resistance above is found at 30.74. Due to my uncertainty as to the positive or negative meaning of the news, I am unable to give a probability assessment for this week.

AXP generated a potential spike high retest of the recent 15-week intraweek high at 109.06, having rallied up to 108.12 and then turning down to close on the low of the week, suggesting further downside below last week's low at 103.31 will be seen this week. If that does occur, a necessary/required retest of that high will have occurred, suggesting the stock will be heading lower and in the same correction mode as the DOW. Another negative is that the stock closed on Friday below the 200-day MA, currently at 104.34 and if the recent intraweek low at 102.01 is broken, confirmation will be given of the break to the downside of that important line. If that occurs, the immediate objective would be a drop down to the 200-week MA, currently at 100.30. Nonetheless, on an intraweek basis, there is no support below 102.01 until the $96-$97 level is reached. As far as pivotal resistance is concerned, last week's high at 108.12 is now "it". Probabilities favor the bears.

BTZI had an uneventful week in which neither the bulls nor the bears gave any signs of anything. The stock did generate a negative reversal, having made a new 3-week high but then closing red, suggesting further downside below last week's low at .025 but the .0248 to .025 is decent support and unlikely to be broken. To the upside, short-term pivotal resistance is found at .028/.029. Probabilities continue to favor sideways trading within that range. A break above or below would be short-term indicative.

CAT generated a negative reversal week, having made a new 23-month intraweek high but then closing red. Nonetheless, the stock closed in the middle of the week's trading range, suggesting an equal chance of going above last week's high at 156.25 than below last week's low at 148.36. The last time a negative reversal occurred was 15 weeks ago and the following week the stock reversed back to the upside. Nonetheless, the red weekly close does suggest that the decent to perhaps strong weekly close resistance at 155.85/156.36 has now been tested successfully and the last time that occurred, a drop down to the $145 level was seen. With the indexes likely heading lower, that now becomes a probability as well. It does need to be mentioned that on the daily closing chart, a double top has now been formed at 153.83/153.85 and if the recent low daily close at 148.60 is broken, that double top will be confirmed as such and on the daily closing chart, there is no support of consequence below until the $140 level is reached. Evidently, a daily close above 153.87 would now be a statement of some bullish consequence. Probabilities favor the bears this week.

CNX generated a new 4-week intraweek high as well as a close near the high of the week, suggesting further upside above last week's high at 11.66 will be seen this week. The 200-week MA, currently at 11.91 beckons and likely will be reached this week. Pivotal intraweek resistance is found at 12.27 that if broken would suggest a retest of the 22-month high at 14.19 that was made in April will occur. In addition, a close above the MA for the second time will increase the chances that the stock has ended the long term downtrend and that a bull trend has begun. The $10 demilitarized zone has now become strong support but with this rally up to 11.66, the $11 demilitarized zone has become minor to perhaps decent support. The key this week is whether 12.27 is broken or not. If not, a drop back down to the $11 level is likely to occur. If broken, a rally back to the $14 level will likely ensue. Probabilities slightly favor the bulls.

CRON did not follow through to the downside (as was expected to do) and did generate a rally above the previous week's high as well as a green weekly close. Nonetheless, the stock remains in a very narrow trading range with trading interest on either side being very low. That has been the case for the past 6 weeks and until either the lower part of the $5 demilitarized zone (below 4.70) is broken or the stock generated a weekly close above 6.30, this scenario is likely to continue. As such, I have no new comment this week as that outlook (trading within that range) is likely to continue this coming week.

ENG generated an uneventful inside week but did manage to generate another green weekly close, suggesting the bulls presently have a small edge. 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 .89 than below last week's low at .80. Pivotal intraweek support is found at .73 and pivotal intraweek resistance is now at 1.01 on a daily closing basis. The .91 cent level is pivotal short-term resistance. Probabilities once again faor the bulls this week.

MRNA generated a strong 15% recovery rally above last week's close and also generated a failure signal against the bears on Friday, having closed above the previous all-time high weekly close seen in May at 69.00 (closed on Friday at 69.87). The failure signal will wipe out all the weakness seen the past 6 weeks, if and when another close above 69.00 occurs next Friday. The stock closed on the high of the week and further upside above last week's high at 70.90 is expected to be seen this week. There is pivotal resistance at 71.64 that if broken, would open the door for a rally back up to the $87 level. There was no specific news to have caused this rally to occur, suggesting that all the possible negative news that has come out the past 6 weeks has now been discarded and the positives of the company and the high probability of the company developing a successful vaccine is now at the top of the list of reasons to buy. Evidently, this week is chart important due to the failure signal having been given. Pivotal intraweek support is now found at 64.89. If broken, the failure signal will likely be negated. By the same token, if 71.64 gets broken, the failure signal is likely to be confirmed. Last but not least, the daily chart is showing a bullish flag formation that if broken (a rally above last week's high at 70.90) would offer an 81.31. Probabilities favor the bulls.

NEM had an inside week but did close red and on the low of the week, suggesting further downside below last week's low at 64.54 will be see this week. Intraweek support remains at 63.35 and pivotal at 62.87. Resistance is 68.85 and at 69.81. The stock has been trading in this range for the past 6 weeks and until Gold either breaks out or breaks down, the same scenario is likely to continue. By the same token and as announced in the Gold evaluation, there is a good probability one or the other will occur this week and the stock will follow. Probabilities favor the bulls.

QQQ made a new 7-week intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at 262.63 will be seen this week. There is no support below until 251.32 is reached. On a weekly closing basis, some minor support is found at 255.56, which is also pivotal daily close support that if broken would likely cause the stock to fall to the previous all-time high daily close at 234.73 (234.66 on a weekly closing basis). Short term pivotal resistance remains at 282.20 that if broken would take some of the power away from the correction. Some resistance will now be found at 269.79. Probabilities this week suggest a $253 to $269 trading range. Probabilities favor the bears.

RIO generated a new 9-year intraweek and weekly closing high but did close near the low of the week, suggesting further downside below last week's low at 63.83 will be seen this week. The previous 9-year high weekly close is at 62.79 and as long as the stock does not close below that level on a weekly closing basis, the breakout will remain in effect. It is possible that level will be tested this week, especially considering that the previous 9-year high daily close was at 64.60 and the stock closed on Friday at 64.42, giving a failure signal on that chart, that of course needs to be confirmed before it becomes more important. Probabilities favor the bulls after this breakout gets confirmed. Both the chart and fundamental outlook supports the bull position.

SRUTF, like with all other Cannabis held stocks, remains in a sideways trading range with very little outlook for a breakout or breakdown at this point. The stock remains trading in a sideways trading range it has been in for the past 5 weeks and needing some new catalyst to break out of the $.035 and $.09 that has been seen for the past 6 weeks. Resistance is presently at .072 and support is at .0447. A break of either will give the bulls or the bears a new edge. Probabilities favor the bulls.

W generated a second inside week but on this occasion, a green weekly close occurred and on closure on the high of the week, suggesting further upside above last week's high at 293.97 will be seen this week. If that occurs, it will likely be seen as a needed/required retest of the all-time intraweek high at 249.09. On a daily closing basis, resistance is found between 296.56 and 298.00 that is unlikely to be broken unless the fundamentals change for the positive or the indexes rally, both unlikely to happen. The 268.96 now seems to be short-term pivotal support. Probabilities favor at $297-$268 trading range this week. Any red weekly close next Friday would be seen as a negative and continuation of the correction.