AU generated a 2nd green weekly close in a row and though it is a positive it is not yet enough of a meaningful-enough positive for the bulls to have any confidence that the recent down turn has ended and a recovery period occur. The stock needed to generate a weekly close above 19.96 for that to occur but the close was at 19.49 and that means the bulls need to do more before a "sigh of relief" can occur. Evidently, Tuesday's CPI number could be a catalyst as Gold (and gold stocks) are always tied in closely to inflation. To the downside and on an intraweek basis, the 18.04 level is pivotal support (18.77 on a weekly closing basis). Any daily/weekly close above 19.96 would open the door for a recovery rally to 24.00. Probabilities favor the bulls given that Gold did generate a failure signal against the bears this week. Tuesday will be the pivotal day this week.

BTZI generated a positive reversal week, having made a new 6-month intraweek low and then turning around and going above the previous week's high and generating a green weekly close. There has not been a positive reversal since October of last year (8 months) in which both the previous week's lows and highs have been broken, suggesting it was an indicative-of-a-major-low-having-been-found week. Nonetheless, the bulls were not able to close in the upper half of the week's trading range, meaning that confidence that a bottom to the correction has been made is still low. The stock did go below Thursday's low on Friday (but not below the low of the week at .04), meaning that if the bulls are able to stay away from breaking the .04 level and rally the stock any day this week above a previous day's high, a successful and required/needed retest of the low will have occurred. If that happens, it would give the bulls new reasons to buy. If the weeks' high at .06 is broken at any time, a new buy signal will be given and a recovery rally likely begin. On a daily or weekly closing basis, the .0545 level is pivotal as that level has been resistance and support for multiple months and if broken to the upside, it would strongly suggest that a recovery rally has begun. The .037 level is pivotal support that if broken, would be strongly negative. It does need to be mentioned that the Bitcoin chart is also leaning toward a recovery rally and the stock does have some important ties to that cryptocurrency. Probabilities slightly favor the bulls.

CNX generated a positive reversal week, having made a new 9-week low at 12.89 and then turning around to close green and near the high of the week, suggesting further upside above last week's high at 13.91 will be seen this week. It is evident that the 12.87-12.91 level is now strong pivotal support as 3 lows in the area have been generated over the past 9 weeks and from which rallies up to 15.15 and 14.86 have been seen. On a negative note though, there are now multiple intraweek lows (a total of 3) in that area and those multiple lows generally are a magnet for breakage. The key to that will be the 14.86 level given that a break above that level will break the lower-highs-than-the-previous-highs pattern and that would take away some of the magnetism from the multiple low. It is like that the stock will likely rally up to around the 14.50 level this week but if unable to rally more than that, consideration should be given to taking profits on the trade. As is the case across the board, the inflation number on Tuesday could be a catalyst. This is an ore company and inflation will help fundamentally. Probabilities favor the bulls this week.

CRON generated a new 6-week intraweek low but then turned around to close near the high of the week, suggesting further upside above last week's high at 8.42 will be seen this week. It was a disappointing-to-the-bulls week given that the bullish flag formation was debilitated with the new 6-week low. It was not totally negated as the stock did rally enough to keep the flag viable, but the upside objective of the flag has been downgraded from a potential high of 11.79 to 11.13. In addition and on another negative note, the 200-day MA, currently at 8.43, was broken on Tuesday and the stock stayed below the line all week (the break was not negated) and that means that the first thing the bulls need to do this week is get above 8.43 and close above the line 2 days in a row. Otherwise, the bears will get their edge back. The stock closed exactly in the middle of the week's trading range, suggesting equal chance of going above last week's high at 8.42 than below last week's low at 7.77. Whichever of the two occurs this week, it will be indicative. Probabilities slightly favor the bears.

ENG generated a red weekly close but in spite of that, it could be said it was a "win for the bulls" given that a new 6-week intraweek low was made but the weakness was not confirmed (stock rallied enough on Friday to close above the weekly close support at 2.88 (closed at 2.94). The stock closed near the high of the week, suggesting further upside above last week's high at 3.13 will be seen this week. The stock has now closed above 2.88 for 3 weeks in a row and given that this was the week in which the bears had the best chance to generate a failure signal against the bulls (but failed), suggests the downside is now over. As such, the chart is now likely to show a spike low retest of the 2.02 low seen in May and that would give the bulls ammunition to bring in new buying interest. Pivotal resistance is found at 3.35, which is a level strengthened by the 200-day MA, currently at that same price. A break and close above that level on any two days in a row this week, would be a new buy signal. The stock is now showing a double low on the intraweek chart between 2.53 and 2.50, which if broken would give the bears new ammunition. Probabilities favor the bulls this week.

MRGE generated a totally uneventful inside week in which no new signals (or even signs) were given. Pivotal intraweek resistance is found at .2157, which if broken, would offer open air above up to .37. Pivotal intraweek support is found at .16 that if broken would give new ammunition to the bears. This is a stock in which the traders are awaiting positive fundamental news to get involved with and until that happens, little other than "trading the small trading range" is likely to occur.

NEM generated a 3rd green weekly close in a row but like AU, it was totally uneventful. The traders are awaiting the information from the CPI number on Tuesday to decide whether to continue the recovery or resume the correction. The stock closed near the high of the week and further upside above last week's high at 64.42 is expected to be seen this week. Gold did generate a mini breakout this week, meaning the probabilities favor the bulls. The stock has open air above up to 65.78, suggesting that will be the upside objective for this week. Evidently, any new low below last week's low at 63.25 will weaken the chart. Probabilities favor the bulls.

PGEN is showing much the same kind of chart action as CNX is showing, given that the stock now shows a triple low at 5.80/5.94/5.90 (last week's low) over the past 2 months. Nonetheless and unlike CNX, the stock closed near the low of the week and further downside below last week's low at 5.90 is expected to be seen this week. An additional negative, is that the stock closed on Friday below a previous high weekly close at 6.20, meaning that a second failure signal against the bulls has occurred, suggesting the bears are seemingly gaining strength. Nonetheless, the fundamental picture does not seem to suggest that much further downside can (or will be) be seen. Below is the information shown on Friday of the 6 analysts following the stock: The 6 analysts offering 12-month price forecasts for PGEN have a median target of 13.50 with the high estimate of 17.00 and a low estimate of 6.00. The median estimate represents a 122.4% increase from the closing price on Friday at 6.07". The fundamental picture suggests that the $6 level will hold up overall but on an intraweek basis, drops from that level could occur. The next area of intraweek support is found at 5.43 and then much stronger down at 4.92. If 5.70 is broken this week, a drop down to 5.43 will likely occur.

SNDL made a new 7-week weekly closing low this week but closed exactly in the middle of the week's trading range, suggesting equal chances of going above last week's high at .96 than below last week's low at .83. One important note to mention is that the low for the week was made on Wednesday and a positive reversal day occurred as the high of the week was made on the same day. Given that Wednesday's low will likely be seen as a 2nd successful retest of the 200-day MA, currently at .793, the probabilities favor the bulls going above last week's high this week. Either way, the positive reversal day on Wednesday suggests that there is buying interest in this area and that the 200-day MA is highly unlikely to be broken. This means that from Friday's close at .8912, the downside is likely limited to no more than $.10 cents, whereas the upside has no limit. I have never added to my original purchase made at .94 but this week I will be adding positions, hopefully averaging down (rather than up). Key daily close resistance to watch is 1.00. A break of that level will likely give the bulls short-term control. Probabilities favor the bulls.

SRUTF generated a red weekly close but it was not a negative given that it was only by $.003 cents and the stock went above the previous week's high and closed near the high of the week, suggesting further upside above last week's high at .0574 will be seen this week. Nonetheless, the stock remains trading below the breakout daily and weekly close breakout level at .0585 and until the bulls can negate that, the bulls will not have accomplished anything. On the other side of the coin, the stock has reached an intraweek level of support between .0425 and .0467 that was proven to be strong support prior to the breakout, meaning that there has to be new fundamental negatives come out for the bears to have any chance of going lower. The stock got down to .046 last week (on Tuesday) and did generate a positive reversal and then that low was tested on Friday (with a low at .0471) and another positive reversal occurred, meaning that it is a successful retest and confirmed as such if the stock goes above Friday's high at .055 on Monday. In addition, the 200-day MA is at .048 and that line has now been successfully tested for 11 days in a row, meaning that the stock seems to be ready for the bulls to come in and generate a recovery period. The .0585 level is pivotal. Probabilities favor the bulls.

STWD generated a positive reversal week, having made a new 6-week low but then closing green and closing on the high of the week, suggesting further upside above last week's high at 26.26 will be seen this week. The weakness seen last week was because of the announcement from the company that it was offering a $400 million note offering to finance some present green projects and the news caused the selloff. The note offering is to be finalized on Wednesday July 14th. Due to the offering, a 2nd failure signal was given on Thursday on the daily closing chart but then on Friday, the signal was negated. In addition, the bears failed to generate a failure signal on the weekly closing chart, having rallied 5.3% in value from Thursday's low to close at 26.26 and above the previous all-time high weekly close at 26.01. With the negatives of the note offering having been negated and the reasons for the note offering likely to be a positive to the company in the future, I would venture to say that the probabilities of the stock now heading higher consistently are high. Pivotal resistance is at 27.01. Pivotal support is now at 24.91. Whichever one gets broken is likely to generate indicative movement. Probabilities favor the bulls.

ZLAB generated a red weekly close which does mean that the previous week's close at 175.90 has become a successful retest of the recent high weekly close at 177.66, which in turn was a successful retest of the all-time high weekly close at 182.57. This does give some added chart ammunition to the bears that they did not have before. On a positive note though, the stock made the low for the week on Thursday (at 160.19) and then turned around to close on Friday 5.3% higher, suggesting that the traders are still positive on the fundamental outlook for the stock, especially considering that there was no established support at the low of the week. The stock closed near the high of the week, suggesting further upside above last week's high at 172.14 should be seen this week. The chart shows an open gap down (created on Tuesday between 174.01 and 172.14) that should be closed this week, as there was no news to support the gap. That gap is key for the week, as a failure to close the gap (lower low than the previous day's low) would mean the bears have the edge, while closure of the gap would be a positive as the negative week will have been negated (or at least not meaningful). Last week's low at 160.19 has now become pivotal support, meaning a stop loss at 159.65 can now be instituted. Any daily close above 180.00 would be a strong positive. The probabilities slightly favor the bulls.