AU has rallied 10% in value over the past 2 weeks and during the last 4 days (and on an intraweek basis) has traded above a short-term pivotal daily close resistance at 19.96. Nonetheless and in the end, they bulls were unable to generate a confirmed daily (or weekly) close above that level, meaning the bears remains with the edge. The stock closed slightly in the lower half of the weeks' trading range, suggesting a higher likelihood of going below last week's low at 19.09 than above the last week's high at 20.33 this week. Due to the failure of the bulls to make any kind of a statement, the probabilities now favor the stock testing the recent 18.18 low as a needed and required retest of that 15-month low. This is not necessarily a negative but it does mean that a rally in the stocks (and in Gold) is likely to be postponed for a few more weeks. Any break below 18.18 would now be a negative, while a break above 20.33 a positive. Probabilities favor sideways trading this week with a slight bias to the downside.

BTZI continued the downtrend after a 1-week pause, having made a new 8-month intraweek low and closing on the low of the week, suggesting further downside below last week's low at .038 will be seen this week. In addition, the stock closed the week at .039 and that is a double bottom on the weekly closing chart that now that it closed there, it suggests even further downside is to be seen given that it is now a triple low. The likely reason for the continued weakness is that Bitcoin also made a new 8-month weekly closing low (below 32209 - closed at 31559 on Friday), meaning that the expected bounce in the crypto currency has not yet happened and that further downside could be seen. In both cases, the stock and the crypto currency do have intraweek support below at .037 and at 28991 and that could still hold up. Nonetheless, the bears are in full control and the bulls are fighting a defensive battle with little ammunition. It does need to be stated that the stock spent 16 weeks between October and February trading between .036 and .056 and there really have been no new fundamental changes for the negative. In fact, just 2 weeks ago, the company launched a new cyber security firewall application for the cyber mining industry in which the industry is supposed to more than double in value over the next year, meaning that if anything fundamental has changed, it is for the positive and not the negative. Nonetheless, it is evident by the chart action, that the best the bulls can hope for is a sideways trading market for the next couple of months.

CNX made a new 5-month intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 12.52 will be seen this week. The inability of the bulls to rally the stock is what caused this break to occur as there has not been any negative fundamental news come out. As such, this break of support means that the traders are going to be testing the long-term validity of the stock, given that the 200-day MA is currently at 12.51 and the 200-week MA is currently at 11.66. The 200-day MA was hit on Friday and though it is likely to be broken intraweek this week, it is unlikely that it will be broken on a daily closing basis. By the same token and thinking about intraweek, it is possible that the stock could drop down to the 200-week MA at some point this week and test the line. On a weekly closing basis, there is support at 12.00. The rating agencies still rate the stock a buy with the lowest given objective of any of the rating companies being the $16 level, meaning that this drop is all chart oriented and not any kind of weakness fundamentally. Nonetheless and like with many of the presently held stocks, this break does suggest that the bulls are not going to see any big rally anytime soon. It is going to take a few weeks at least to build the new support level. Probabilities favor the bears.

CRON made a new 10-week intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 7.12 will be seen this week. On an intraweek basis, there are 3 supports below at 6.99, at 6.90, and at 6.63. A break of all 3 would be damaging to the chart. This entire area between 6.70 and 7.00 is one big support base on the weekly closing chart. There are 14 points of either it being support or resistance during the past 4 years and it would take a strong negative fundamental change for that level to be broken. With Marijuana being on the slate of Congress for becoming a legal product nationwide, it is hard to see a big major Cannabis company like CRON is, being able to break such a support level. A situation very similar to the one being seen now occurred in the first 7 months of 2018 that was ultimately resolved bullishly. Nonetheless, the stock traded sideways during that period for about 11 weeks and that is likely to be "mimicked" now unless the Democrats are able to pass the bills in Congress now.

DCTH did the exact same thing that so many of the other held stocks did, having made a new 2-month intraweek and weekly closing low and closing on the low of the week, suggesting further downside below last week's low at 9.51 will be seen this week. Intraweek support is found at 9.42 (9.54 on a daily closing basis) that if broken, would open the door for a retest of the 52-week low at 8.95 (9.32 on a daily closing basis). If that does occur, the chart will be damaged as all the gains seen in the recent 2-month rally would be negated. This is definitely a pivotal week for the stock. The 200 10-minute MA is currently at 10.54. If that line is broken to the upside, it would be sign that the downtrend has ended.

ENG generated a new 7-week intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 2.43 will be seen this week. A failure signal was given as the stock closed below the weekly support/resistance level at 2.88. Once again, this was one more example of what happened to all the small-cap held stocks this past week, and that does not make sense. Intraweek support is found at 2.01 (2.04 on a daily closing basis). Intraweek resistance is now found at 2.95, that if broken would negate this recent break.

MRGE generated a new 11-month weekly closing low and closed on the low of the week, suggesting further downside below last week's low at .165 will be seen this week. Important and pivotal daily and weekly close support is found at .153 that if broken, would open the door for a lot more downside. Pivotal intraweek resistance is found at .204.

NEM made a new 11-week intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 61.37 will be seen this week. The new low also created a break of an inverted flag formation that offers a downside objective of 50.43. Nonetheless and given the weakness across the board in all industries, the chart objective is unrealistic as there are a lot of strong support levels above that objective level and more importantly, Gold does not offer that kind of downside movement. There is intraweek support at 60.85, at 60.43 and at 59.46 that will be difficult to break all of them, especially since there is decent weekly close support at the $60 level (60.47 to be exact). Pivotal resistance is now found at 64.71.

PGEN confirmed the previous week's failure signal on the weekly closing chart with another red weekly close. The stock closed near the low of the week and further downside below last week's low at 5.47 is expected to be seen this week. There is no support of consequence below until the $5 level (4.90 on an intraweek basis), which is not only a well-established support level on the weekly closing chart but is also a strong psychological support level as well. The bulls have been unable to do anything to stop this recent sell interest, meaning that it is highly likely that the 5.00 level will be reached. Resistance is now found at 6.60.

SNDL made a new 8-week intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at .80 will be seen this week. Nonetheless, the stock got down to the 200-day MA, currently at .809, and that line has held firm and unbroken on a daily closing basis since December. There has been no negative news on the company, meaning that the probabilities are high that the line will hold up and that a rally will occur. Pivotal resistance is now found at .925, that if broken, would suggest the downside is over.

SRUTF generated another red weekly close and very near a support level at .0467 (closed on Friday at .047) that if broken, would generate additional selling interest. Like everything else, the bulls are on the defensive and looking to prevent further and longer-term damage. On a possible positive note, the stock closed slightly below the 200-day MA, currently at .048, which is a line that has not been broken to the downside since March. If broken, all the gains achieved by the bulls over the past 4 months will be erased and that just doesn't seem fundamentally possible. Pivotal intraweek resistance is found at .0558.

STWD generated a second failure signal against the bulls over the past 6 weeks and with the indexes likely to head lower, it is possible this sell signal will be more meaningful than the last one. For that to be confirmed, the stock would need to generate a confirmed daily close below 25.29. The stock did close on the low of the week and further downside below last week's low at 25.47 is expected to be seen. On an intraweek basis, support is found at 24.91. Stop loss should be placed at 24.65. Any intraweek rally above 26.57 would negate this recent weakness.

QQQ generated a negative reversal week, having made a new all-time intraweek high and then closing red and on the low of the week, suggesting further downside below last week's low at 357.24 will be seen this week. There is pivotal intraweek support at 354.42 that if broken would generate open air below until 342.01 is reached. Resistance is now found at 362.76, which if broken would take some ammunition away from the bears. Nonetheless and in looking at the weekly chart, there is open air below until 342.01 is reached.

ZLAB generated a negative reversal week, having made a new 2-week high and then closing below the previous week's low and on the low of the week, suggesting further downside below last week's low at 155.98 will be seen this week. Pivotal intraweek support is found at 154.57 that if broken, would suggest a drop down to 142.50 would be seen. There is no level above close by that if broken would negate the weakness seen.