AG generated a negative reversal week, having made a new 8-year intraweek high and flirting with making a new 9-year intraweek high by only $.20 cents, but then reversed to generate a red weekly close and near the lows of the week, suggesting further downside below last week's low at 15.01 will be seen this week. One additional negative is that the red weekly close made the previous weeks close at 18.12 into a decent double top resistance when put together with the 18.10 close seen in 2016. There is no established intraweek support until 14.44 is reached. There is decent daily close support at 13.33. The latter is not likely to be broken. Nonetheless, with the precious metals now trading sideways at best for the next few weeks and the stock having dropped 37% in value from high to low this past week, it is likely the bears have the edge for the short term. By the same token, a breakaway/runaway gap to the upside exists and unless the breakaway gap at 14.29 is closed, the bulls will hold on to their edge for the midterm. The stock closed near the high of the day on Friday, suggesting the first course of action for the week will be to the upside and likely up to the $18 level where resistance is found. The probabilities slightly favor the bears at this time for the short term, meaning that the purchase made this week at 16.84 should be liquidated on the rally expected to be seen on Monday and the stock considered for repurchase when it gets down near the 14.50 level.

AU generated a down week but the bulls were unable to make anything happen as nothing was broken. In the end, the stock closed slightly in the upper half of the week's trading range, suggesting slightly better probabilities of going above last week's high at 23.96 than below last week's low at 21.94. If that does occur, the chart will show 3 successful retests of the 20.15 low and if the 24.44 level gets broken, a new and stronger buy signal will occur. Pivotal intraweek resistance is found at 25.75 and the 200-day MA is currently at 26.27, which if both broken, would give the bulls strong ammunition to generate at least a mid-term uptrend. Support is now short-term pivotal at last week's low at 21.96. Probabilities slightly favor the bulls.

AXP made a new 11-month weekly closing high but it was not totally convincing as it was only by $.14 cents. Nonetheless, the stock did close near the high of the week, suggesting further upside above last week's high at 127.34 will be seen this week and if that occurs and the stock gets above the recent intraweek high at 129.54 and closes next Friday above 127.96, the all-time high weekly close at 135.87 will become the target. This is an important week as the bulls are committed to the upside and to break the resistance levels and if they fail (a red weekly close next Friday), the bears will gain an important edge that would not likely be given back. Any red daily close would be negative at this time, especially if below 125.05. Probabilities do favor the bulls though.

BTZI generated an inside week but another green weekly close and in the upper half of the week's trading range, suggesting further upside above last week's high at $.0549 will be seen this week. The bulls are flirting with a breakout (a weekly close above $.0545) and with CRON having broken out already, it is now likely that this stock will breakout this week. Any daily close above $.0545 will be a breakout that will offer at least a rally to $.073 but also a good possibility of a rally up to the $.16 level, meaning a tripling in price. As such, consideration should be given to purchasing (or adding on) positions on a close above .0545, or if in a betting mood, a purchase on Monday at any price, given that the Cannabis industry is a positive for this year. To the downside, any close below $.040 would be a negative. Probabilities favor the bulls.

CAT ended its short correction phase with a rally above the previous week's high and a green close and in the upper half of the week's trading range, suggesting further upside above last week's high at 194.33 will be seen this week. Nonetheless and unlike the indexes and AXP, the stock did not make a new all-time or new rally weekly closing high, meaning that this stock is showing less ability to continue higher than the others, meaning that a further and stronger correction could occur if the bulls fail this week (a red weekly close next Friday). There is no intraweek resistance above until 197.28 is reached and if not reached sometime between Monday and Wednesday, the bears will start attacking. Using the intraday chart, there is short-term pivotal support at 190.01 that includes the 200 10-minute MA. The probabilities favor the bulls but they do need to move higher consistently. Any sign of weakness, or even a pause, could give the bears the edge.

CNX slightly disappointed this week as it did go above the previous week's high, which should have been enough impetus to attack the double top at 14.19/14.09 but instead of doing that, the stock turned down to close near the low of the week, suggesting further downside below last week's low at 12.63 will be seen this week. Nonetheless, the stock did generate a green weekly close and that is suggestive that the traders will continue to push for a break of resistance rather than more downside. One thing that the chart does say is that since the stock moved up from 10.01 to 14.09, there has been no lower low than the previous week's low (total of 5 weeks) and as such, the breakout above the 200-week MA, currently at 11.49, has not yet been retested successfully on the weekly chart and that could be the objective of last week's action, given that any drop below a previous week's low, followed by a rally above that week's high would be seen as a successful retest of the MA line. There are presently more questions than answers at this time, meaning that a clear chart evaluation cannot be made for this week. Nonetheless, one thing that can be said is that a drop below 11.86 will virtually guarantee a drop down to the MA at 11.49. By the same token, a daily close above 13.43, would do exactly the opposite (a retest of the highs). Probabilities slightly favor the bears this week.

CRON generated a new 17-month intraweek and weekly closing high this past week and closed near the high of the week, suggesting further upside above last week's high at 12.77 will be seen this week. Over the past 3 months, the stock has not only appreciated 234% but has clearly established that the long term downtrend is over and that at the very minimum a sideways trend is in place. The stock is reaching a level where some new selling is likely to be found. There are 3 intraweek resistance levels above at 13.39, at 13.95 and at 15.30. Which one of these levels will encourage selling interest is not known at this time but the probabilities are high that at least one of these levels (if not all 3) will be reached, meaning that until 13.39 is reached, the bulls are likely to maintain control. By the same token and on a weekly closing basis, the stock is now in the area between 11.99 and 12.72 where all 3 of those intraweek rallies closed in, meaning that starting this week, the eyes of the bears will be open and if a red weekly close occurs next Friday (below this week's close at 12.01), notice should be taken and consideration should be given to taking profits. It is important to note that the company reports earnings on February 18th. It is also important to note that weekly close support of any consequence is not found until the 8.63 level is reached, suggesting that any stoppage of the rally could bring about a decent correction. As such, I will be considering liquidating the positions on any rally this week up near (or above) the 13.39 level. On a daily closing basis, support is found at 11.29 so it is possible that a drop down to that level will be seen this week. Probabilities favor the bulls but it is time to trade the stock, rather than hold.

FNV generated a green weekly close and that suggests that the previous weeks close at 119.33 is now a successful retest of the previous all-time high weekly close at 119.18. Nonetheless, this still needs to be confirmed this week with another green weekly close next Friday. On a daily closing basis, there are 2 levels to watch this week and those are at 122.67 and at 124.80. A close above the first one will give some new ammunition to the bulls but a close above the second one would be a statement that the bulls have regained their edge, at least for the short term. On an intraweek basis, the resistance is at 125.77. A break of that resistance offers open air until the $130-$131 level is reached. To the downside and on an intraweek basis, support is now found at 118.77 and pivotal at 117.66. If the stock makes a new low below last week's low, it will be a statement of further weakness to come. Simply stated, the low for the correction is likely to have been seen this past week. Using the daily closing chart, there is now a double bottom at 119.33 and 119.64 that will be confirmed as such if the stock closes above 122.67, which also fits in with the previous all-time high double top 120.24/120.61 from Feb/Mar of last year. Probabilities favor the bulls.

FPRX continued its recovery and likely resumption of the uptrend with a 14% rally this past week from weekly close to weekly close. The stock closed on the high of the week and further upside above last week's high at 19.55 is expected to be seen. The stock has now moved up 30.3% in the last 3 weeks since testing the breakout of the 200-week MA successfully. Nonetheless, the stock is now reaching the next pivot point resistance area at 20.98 (20.10 on a daily closing basis) that will help decide whether the uptrend has resumed or whether the stock is to trade sideways for a few weeks. It is important to note that the company reports earning in 2 weeks (on Feb 25). By the same token, this is a Bio Pharma stock where the traders are not depending much on earnings as much as on potential of their cancer drugs, meaning that the traders are not likely to wait for earnings to make a statement. Chart-wise, any confirmed daily close above 20.10 would suggest the uptrend has resumed and that the breakout high at 24.70 would be targeted and likely broken as there is no previous established resistance at that level. Some intraweek support is now found at 17.02 and decent at 15.18. Nonetheless, the bulls have the momentum going for them right now and they cannot afford a stumble this week, meaning that further upside should be seen and that the 20.10 short-term pivotal daily close resistance should be broken. Probabilities favor the bulls.

NEM generated a new 10-week intraweek low but on the close on Friday, none of the support levels was broken, meaning that on a weekly closing basis, the outlook remains the same. The stock did close in the upper half of the week's trading range, suggesting further upside above last week's high at 61.21 is expected to be seen this week. If that occurs, last week's low at 56.60 will generate a double low when put together with the 56.55 low made in the 3rd week of November and such a formation would give the bulls' new ammunition with which to push the stock higher. The stock had been showing a pennant formation on the intraweek chart that was broken this week. Nonetheless, there were only 2 points on the lower pennant channel line and such a break is not indicative, especially when the same pennant formation is also seen on the weekly closing chart and that was not broken. In fact, if a green weekly close occurs next Friday, the channel line on the weekly closing chart will show 3 points (as that is where it closed this Friday), which will make it a valid and dependable line. On a daily closing basis, the 60.47-60.50 area is pivotal. That area has been pivotal now since October and as such, it remains clearly pivotal. Any confirmed daily close above 60.50 will give new ammunition to the bulls, which in turn and with the potential double low and the possible 3rd point on the channel line, is even more pivotal now than in the past. Stock closed on Friday at 59.30. Evidently, the 56.55 level is now pivotal support and should not be seen if the stock is to move higher. The 62.79 level on a daily closing basis is now short-term pivotal confirmation of a bottom having been set. A close above that level would likely generate a rally up to the $67 level. Probabilities favor the bulls.

PFE generated a new 13-week intraweek and weekly closing low and closed in the lower half of the week's trading range, suggesting further downside below last week's low at 34.27 will be seen this week. The stock closed below the 200-week MA, currently at 35.91, on Friday and also generated a confirmed break of the 200-day MA, currently at 35.53, and though both of those are negative signs, the reality is that neither of those lines have been respected by the traders in this stock, given that over the past 16 months, both lines have been broken repeatedly on both direction and none of the breaks has lasted all that long. On the daily chart, the break of the 200-day MA has occurred 5 times in the last 6 months and on the previous 4 times, the break lasted no more than 5 days. On this occasion, the break is now 4 days old. Evidently, if last week's low at 34.27 is broken, then that trend of breaking and recovering above the 200-day MA will be broken, which in turn would likely mean the stock is heading lower. As such, this coming week is strongly pivotal for the short-term of the stock. During the last 3 days of the week, following the drop down to 34.27, the stock idled and did nothing, having traded in small trading ranges and closing every day of those 3 days within $.02 of each other around the 34.90 level. This does suggest the break and selling interest, which was caused by a less than expected earnings report, has abated and if the stock is to recover, it will likely do so this week and it will do it in the first 2 days of the week. Any daily close above 35.53 will be positive. Probabilities favor no side this week. Traders will be watching the action.

QQQ continued the uptrend, having made a new intraweek and weekly closing high. The stock closed near the high of the week and further upside above last week's high at 332.40 is expected to be seen. The stock has left an open gap at 323.54 that should be a magnet should the momentum slow down or stop. Nonetheless, at this moment there is no reason to think the momentum will stop. The stock closed on the high of the week and further upside above last week's high at 332.40 is expected to be seen. Probabilities favor the bulls.

SRUTF generated a new 4-week intraweek and daily closing high and a new 3-month weekly closing high, meaning that some buying interest is being seen due to the Cannabis industry showing some signs of moving higher, such as seen in CRON. The stock closed on the high of the week and further upside above last week's high at $.046 is expected to be seen. The 200-day MA is currently at $.0459 and if the bulls are able to generate a confirmed close above that level any day this week, it will be a statement of note, especially considering that the line has not been broken to upside for 18 months and the fact the stock has now built a "solid" base of support at $.035 from which to launch a breakout of note. If a breakout does occur, there is now minor daily close resistance at $.059 and then decent and long term pivotal at $.077. Above $.077 there is nothing of consequence until $.1998 is reached. Keep in mind that the all-time high for the stock is at $.7075, so a breakout does have a lot of potential. Strong support/bottom is found at $.025 but in reality, support has been built and confirmed at $.035. As such, the profit potential for the stock far outweighs the risk factor.

W generated an inside week but a green weekly close, meaning a rally of 5.9% occurred. The stock did close in the upper half of the week's trading range, suggesting further upside above last week's high at 303.39 is likely to be seen this week. The high for the week was made on Thursday and then a red day occurred on Friday and a close on the low of the day, meaning the first course of action for the week is likely to be to the downside below Friday's low at 286.93. There is absolutely no intraweek support below until 272.89 is reached, so the stock could open the week on a down note. Pivotal support is found at 263.57, which if broken is likely to thrust the stock down to the 200-day MA, currently at 247.45. Evidently if that happens, consideration should be given to covering the short positions. Short term pivotal resistance is found at last week's high at 303.39 that if broken would likely carry the stock up to the 324.21 level. The company reports earnings on February 25th and as such, unlikely to do anything major until then. Meaning that the stock could trade between $248 and $324 during the next 14 trading days. Probabilities are somewhat equal for both sides this week. With the stock closing at $288 on Friday, the profit or risk is about the same for both the bulls and the bears.