AXP generated another 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 125.32 will be seen this week. The stock has appreciated in value 29% over the past 6 weeks without any fundamental change to the company and now finds itself in an overbought condition and facing stiff resistance a few dollars above. On a weekly closing basis, there is decent to even perhaps strong resistance at 127.96 (129.34 on an intraweek basis). The stock has not gone below a previous week's low for the past 6 weeks, meaning there is no established support anywhere close by. The nearest previously established intraweek support is found at 114.65 (minor) and then at 111.06 (minor to perhaps decent). The stock gapped up 5 weeks ago on the statement from Buffett that this stock was one of the chosen few in their portfolio. Such a statement is not necessarily a strong reason for the gap down at 98.64 to stay unclosed. As such, a break below 111.06 would likely bring about a drop down to close the gap. There is history of the stock trading repeatedly between 126.28 and 123.12 and as such, it is highly likely that will be the trading range seen this week.

BTZI generated an inside week and a close in the middle of the week's trading range, meaning the outlook for this week is the same as given last week. 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. Inttraweek support is now found and is short-term pivotal at .035. Probabilities favor the bulls.

CAT generated a new all-time intraweek and weekly closing high last week and closed on the high of the week, suggesting further upside above last week's high at 183.81 will be seen this week. Consensus of analyst's opinions give a price target of $175 with the low end being $122 and the high end being $228. With no resistance above, the $200 level has now become a psychological magnet. If the stock does go above last week's high, last week's low at 172.28 will become short-term pivotal support that if broken would likely bring about a drop to close a gap at 165.64. Probabilities favor the bulls.

CNX did very little this week, if seen on a weekly closing basis, having closed $.035 cents below last week's close but still above the pivotal 9.37 weekly close level. Nonetheless, on an intraweek basis, the stock fell all the way down to 8.82 and if the stock is able to get above last week's high at 9.94, a successful retest of the recent low at 8.31 will occur. Given that the 8.31 low was a 14-week low, this retest of the low is needed/required to get the bulls back on board. The stock did close in the upper half of the week's trading range, suggesting a higher probability of going above last week's high at 9.94 than below last week's low. Resistance is found at 10.31 that if broken, would suggest a rally to 10.74-11.00 will occur. Probability favors the bulls.

CRON generated a new 13-month weekly closing high and above a seemingly pivotal weekly close resistance at 8.55. The stock closed exactly in the middle of the week's trading range, suggesting equal chance of going above last week's high at 9.15 or below last week's low at 8.10. By the same token, the stock did close 3 of the 5 trading days above the same daily close resistance at 8.55, and 2 of those days were Thursday and Friday, suggesting the bulls have the edge and further upside is to be seen. There is further daily close resistance at 9.10 but compared to 8.55, that level is minor resistance. A daily close above 9.10, should generate a rally up to the $10 demilitarized zone. Daily close support should now be found at 8.55. If broken, a drop down to the 6.60 level is likely to occur. Probabilities favor the bulls.

ENG generated a red weekly close and closed in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 1.50 than above last week's high at 2.37. Nonetheless, the stock did generate a green daily close on Friday (the first after 6 days in a row of red daily closes), suggesting that the selling interest after nearly quadrupling in price the week before, has begun to fade. The 1.45 level remains pivotal as that is where the 11-year 5-point trendline that got broken to the upside is located. As such, if the stock drops down below last week's low, it is not likely to be by much. By the same token, a drop down to 1.45 to test the line is not absolutely needed as 1.50 is close enough, meaning that if the stock is able to get above 2.37 this week, the downside correction from the explosive high will be over and the bulls will begin buying anew. Either way, the probabilities favor the bulls as the breakout has now been confirmed and it is a major one.

NEM had an inside week but did generated a green weekly close and in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 60.61 than going below last week's low at 57.64. Like with Gold and AU, the green weekly close was not sufficient to generate a failure signal against the bears but did suggest the selling interest has abated somewhat. On a short-term negative note, Wednesday's daily close at 60.21 ended up being a successful retest of the 200-day MA, currently at 6.08, as it was followed by 2 red daily closes, meaning the bears still have the edge. Intraweek support is found at 58.29 that is likely to be seen but not necessarily broken. Any daily close above 60.21 would give a new buy signal as well as a failure signal against the bears. Any daily close below 56.87 would be a negative. Probabilities slightly favor the bulls.

QQQ generated a new all-time intraweek and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 305.88 will be seen this week. There is no resistance above so the bulls have open air. Minor but short-term pivotal support is found at 300.35 and slightly more pivotal and more indicative support is found at 294.78. The key issue to watch now is the previous all-time daily closing high at 302.76 as a confirmed close below that level will tend to deflate the bull balloon. Probabilities favor the bulls.

RIO went on a tear this week, having appreciated 12.4% in value and making another new 9+-year intraweek and weekly closing high. The stock closed on the high of the week and further upside above last week's high at 74.06 is expected to be seen. Nonetheless, the stock is reaching a level of decent intraweek and weekly close resistance 73.45 and 76.67 (74.27 on a weekly closing basis) that is unlikely to be broken, suggesting that consideration to taking profits should be given this week given the close on Friday at 73.92. By the same token, if the stock is able to get above 76.47, there is open air above until the $95-$96 level is reached. Probabilities favor the bulls but any failure to get above 76.47 this week, profits should be taken.

SRUTF generated another uneventful week (5th in a row), having closed at .0395 on Friday. The last 5 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 failed to follow through on the previous week's close near the high of the week and generated a red weekly close and on the low of the week, suggesting further downside below last week's low at 236.26 will be seen this week. With all the indexes having made a new all-time high this past week, the red action on the stock is disappointing to the bulls. There is some intraweek support at 234.65, at 225.02 and at 221.09. Nonetheless, on a daily closing basis, pivotal support is found at 234.66, which if broken would suggest a drop down to the 200-day MA, currently at 203.45 would likely occur. Pivotal daily close resistance is now found at 260.68 that if broken would lift the bearish bias presently seen. Probabilities favor the bears.