AAPL generated another green weekly close but the momentum has come to virtual standstill as the closes the last 3 weeks have been at 133.00, at 134.16 and Friday at 134.32. Nonetheless, that is likely to change this week as the company reports earnings on Wednesday after the close and that report will either give the bulls ammunition to go higher or cause a correction to occur. It does need to be mentioned that the stock is trading at a high price but still below the all-time high and with expectations for a better than expected earnings report, the probabilities actually favor the stock heading lower after the report unless the already high numbers expected are even higher. As such and based on the stock having achieved the desired objective of the mention, consideration should strongly be given to taking profits prior to the report. The stock did close in the upper half of the week's trading range and further upside above last week's high at 135.53 is expected to be seen this week, There is decent intraweek resistance at 137.98 that could be reached early in the week as the indexes are expected to open higher on Monday. I do plan to take profits this week above 135.53 unless the stock breaks above 137.98 before the report comes out. Pivotal intraweek support is found at 131.30 and I now have a stop loss at 131.20. Probabilities slightly favor the bears this week, at least for the close next Friday.

AU generated an inside week but a red close and on the low of the week, suggesting further downside below last week's low at 21.47 is expected to be seen. The stock has been languishing without generating any rally even though Gold in general has been appreciating in value. In fact, the company has a P/E ratio of 10.08 compared to other companies in the industry with P/E ratios of as high as 35, meaning that either the company is a great purchase here if Gold continues higher or it is giving the industry a sign of negative things to come. The former is the higher probability. On a chart basis and using the daily closing chart, short-term pivotal support is found at 20.77 and short-term pivotal resistance is at 22.98. Until either one of the other of these levels gets broken, there is nothing to be done regarding either holding or liquidating the positions. Probabilities slightly favor the bulls.

BTZI generated an inside week but a green weekly close, which in effect confirms the low seen last week at .07 as a valid and strong pivotal support level. The bulls have to do a bit more (generate a daily close above .129) before they climb aboard the stock in a bigger way but with the support level below now having been confirmed, the probabilities do favor that happening. Another positive thing that happened this past week is that on a daily closing basis, the.11 level has now become a successful retest of the low daily close seen the previous week at .082, meaning that it is now a new daily close support level, which gives the bulls additional reasons to move the stock higher this week (risk is limited and clear). As such, the short-term pivotal levels for this week are clear. To the downside, the .11 level is support and to the upside the .129 level is resistance. Whichever get broken this week will get new ammunition. Probabilities favor the bulls.

CNX continued to fade to the downside, having now generated 4 red weekly closes since the downgrade to hold occurred. Nonetheless, the bears have not had much power, having closed the past 3 weeks at 13.82, at 13.72, and on Friday at 13.57. One possibly positive thing that occurred this week is that the stock closed slightly in the upper half of the week's trading range for the first time in the last 4 red week, suggesting a slightly higher probability of stopping the downtrend this week than continuing it. In addition, on Thursday the stock generated a positive reversal day, having made a new 7-week intraweek low but then closing green and on Friday, another green daily close occurred, suggesting the stock has now found a level of support that is going to generate some new buying. In fact and on the daily closing chart, the stock now shows a double low at 13.40 and at 13.39 that if confirmed (a daily close above 14.03) would give the bulls a new level of support to rally from. It is evident on both the daily and weekly closing charts that the 13.83-14.03 levels are pivotal resistance that the bulls must break to change the recent downtrend around. A daily close above 14.03 would now open the door for a retest of the recent daily closing high at 15.74. Keeping in mind that the companies that did downgrade the stock still kept the $16 as the upside objective. Evidently, a daily close below 13.39 would now be an additional negative. The company reports earnings on Thursday AM and that is likely to be the catalyst for this week. Probabilities slightly favor the bulls.

CRON confirmed the break of the 200-week MA, currently at 8.52, with a 2nd red close below that level this week. Nonetheless, negation of the break is not difficult to do as the stock finds itself only $.29 cents below the line and any slight move to the upside would do it. If the bulls are to do it, it will happen this week as the stock did close near the high of the week, suggesting further upside above last week's high at 8.55 will be seen this week. It also has to be mentioned that the stock now shows a successful retest of the 200-day MA, currently at 7.83, having gotten down to 7.57 on Tuesday and then closing above the line 3 days in a row. Last week's high at 8.55 is pivotal resistance with no resistance above until 8.81 is reached. Pivotal resistance is found at 9.15 that if broken, would suggest the correction is over. The stock has now corrected 48% from the recent highs and yet there has been no new negative news on the company or the industry, suggesting that the worse is over. Evidently, a break of the recent low at 7.57 would be a strong negative. Probabilities favor the bulls.

ENG generated a positive reversal week, having made a new 14-week intraweek low but then turning around to close green and near the high of the week, suggesting further upside above last week's high at 3.79 will be seen this week. It is possible that the stock has reached a level where buying interest is found, given that the previous intraweek high from 2017 (and for 3 years before that) was 3.10 and last week's low was 3.19. In addition, the 200-day MA is currently at 2.84 and having gotten within $.35 cents of that line, it is also likely some buying interest was stimulated. Nonetheless, whether this is the low of the correction or not, will not be known until the stock can get above a decent intraweek resistance at 4.32. Nonetheless, it is interesting to note that on Wednesday, the stock broke above the 200 10-minute MA, currently at 3.53, and that is a line that the stock had been trading below for the previous 11 days and after the break, the stock traded above the line for the next 3 days, establishing some idea that no further downside is likely to occur without negative news. The chart is also suggesting that the 4.32 level is pivotal as the 200 60-minute MA, is currently at 4.29. Nonetheless, there is now enough chart proof that the correction is at least paused and that some further recovery is likely to be seen.

NEM generated another green weekly close, suggesting that the recovery rally is still moving forward. By the same token, no further resistance levels were broken so this past week no new chart information was obtained regarding the recent uptrend. One thing that did occur this past week is that the 64.76 level, based on a daily closing basis, is short-term support that if broken would suggest a drop down to the 200-day MA, currently at 62.44, would likely occur. The stock did close slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 66.99 than below last week's low at 64.13. Nonetheless and with the stock approaching a decent and pivotal resistance at 68.45 and with Gold at a pivotal resistance area, all of these points are becoming short-term important. The chart still suggests the probabilities slightly favor the bulls.

PGEN generated a failure signal against the bears, having closed above the breakdown weekly close support level at 7.81 that when broken, caused a drop down to 6.52 to occur. The negation of that break has now opened the door for the 3rd retest of the 200-week MA, currently at 9.63 to occur. That line has now been tested successfully twice before and usually if a line of that importance and of that length (4 years) is to be broken, it normally occurs on the 3rd attempt. There is no intraweek resistance above until the 9.10 level is reached. There is decent intraweek resistance at 9.84, meaning that if that resistance is broken, the probabilities of the MA being broken as well, will be high. Daily close support (as well as intraweek support) is found at 7.65, meaning that is now the support level that should not be broken. Probabilities favor the bulls.

SNDL generated a new 12-week weekly closing low but some buying interest was found given that the bulls were able to rally the stock above the previous week's high. In addition, the new weekly closing low was by less than $.01 cents, meaning that the bears have lost some momentum. Nonetheless and in spite of that, the stock still closed near the low of the week, suggesting further downside below last week's low at .80 will be seen this week. If that occurs but the previous weeks low at .76 is not broken, and then a green close next Friday is seen, it will be a sign that the bottom to this correction has been found. It is important to note that the 200-day MA is currently at .69 cents, meaning that even if the .76 level is broken, it is unlikely that much further downside will be seen. The MA is highly unlikely to be broken given that when the stock broke the resistance at 1.24 in February, it caused the stock to triple in price and movement such as that is not going to be totally negated without some negative fundamental change occurring. None has occurred. As such, this area where the stock is trading at is more likely to generate buying interest than selling interest with the only question being when the stock will turn around and start heading back up. Probabilities slightly favor the bulls this week.

SRUTF remains mired in this trading range between .048 to .56, which is where it has now been in for the past 4 weeks as the traders await new news. It is evident that some news for the company or for the Cannabis industry is needed in order to break out of this range. A daily and weekly close above .0585 will be a breakout, while a daily or weekly close below .045 will be a breakdown. Probabilities favor more of the same this week, though some of the other Cannabis stocks did begin to show some movement that could mean the worst is over. If that is the case, the bulls are most likely to be the winners when that happens.

ZLAB generated a 2nd strong wild week, having generated a 21% move up from the low of the week. The reason for the wildness this past week was the announcement and sale of an additional $750 million in shares to generate additional funds to market the medical products that recently have been accepted. The initial reaction to the sale was negative but once the sale occurred, new buying of consequence was seen, causing the stock to turn around and generate another new 9-week intraweek and weekly closing high and then closing near the high of the week, suggesting further upside above last week's high at 174.17 will be seen this week. The stock has now rallied 30% from the low seen 5 weeks ago and has no resistance of consequence above until the February high at 187.46 level is reached. From there to the all-time high at 193.54 is a small amount, meaning that if the 187.46 level is broken, the probabilities of a new all-time high being made are high. The news is all strongly positive for the future of the company, suggesting that the probabilities favor it continuing higher and on to new highs. As it is, the action this past week now shows a "confirmed" spike bottom island formation at 137.38 with the top of the island being at 153.50 (new and unlikely to be seen support), as well as a breakaway/runaway formation with the runaway gap being at 165.75, which by definition is now also support. Daily close support is now at 164.53 that is highly unlikely to be broken. The question for this week is likely to be "how much more upside will be seen this week itself". The likely answer is "at least up to the $180" level. At this time and with this formation in place, I have no intentions of taking profits.