AAPL generated another green weekly close (the 4th in a row) and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 134.64 will be seen this week. Nonetheless and with the fact that the NASDAQ made a new all-time high, it is a negative that the bulls in the stock were not able to break "any" resistance other than a 2-point downtrend line, which by the fact that it is only 2 points is not considered a valid trend line. On a daily closing basis, the stock does have pivotal resistance at 134.84 and the stock closed on Wednesday at 133.98, followed by 2 red daily closes in a row, suggesting the level of resistance has now been tested successfully. As such and on a daily closing basis, the 134.84 level is pivotal resistance. To the downside and also on a daily closing basis, the 130.46 level is also pivotal support, which if broken, would mean the bearish Head & Shoulders formation remains in place and that the bears now have the edge in trying to break the neckline. Probabilities slightly favor the bears.

AU generated another red weekly close but this time it was only by $.08 cents, suggesting that some buying interest is being found. There is established weekly close chart support around the 18.77 level and having closed at 18.89 and at 18.81 the last 2 weeks, it does suggest that on a weekly closing basis, this level of support is standing up and that it will likely require further weakness of consequence in Gold for it to be broken. The stock did close in the upper half of the week's trading range, suggesting further upside above last week's high at 19.46 will be seen this week. The stock does show an open down gap on the weekly chart between 21.43 and 21.39 and this stock has a habit of closing all gaps, suggesting a rally up to that level will occur over the next couple of weeks. On an intraweek basis, the 200-week MA is currently at 16.92, so a drop down to that level (on an intraweek basis) remains a possibility though not necessarily a probability. Pivotal level for this week is 19.96 on a daily closing basis. That was previously a double bottom that when broken brought about the drop down to 18.34. Negation of that break would suggest the correction is over. Intraweek resistance is now found at 22.93 and stronger and pivotal at 23.85. If broken, the entire move down seen the past couple of weeks will be negated. At this time though, that is unlikely to occur, meaning that the probabilities favor the stock trading between the 18.50 and 23.85 level for the next few weeks until some new fundamental news occurs.

BTZI continued the recent bear trend down with a new 4-month intraweek and weekly closing low. The stock closed near the low of the week and further downside below last week's low at .051 is expected to be seen this week. The stock did close below the previous high weekly close resistance at .0545 (closed at .0531), which was the level that was broken to the upside that caused the rally to .37 to occur. This means that the bulls are fully committed to closing green next Friday in order to prevent confirmation of the failure signal against the bulls that was given this week. The stock has seen nothing but sell pressure during the past 11 weeks as each week the high of the week has been lower than the previous week. As such, a rally above last week's high at .06 would suggest the downside is over. The stock has been following Bitcoin trading as it recently purchased 1000 Bitcoin miners. Bitcoin did generate a green weekly close after reaching intraweek support at 28991 with a low last week at 29207, suggesting that the probabilities now slightly favor the bulls and a recovery rally. If that is the case, the stock should rally this week. Probabilities favor the bulls.

CNX has had 2 wild weeks in a row with the previous week being a strong down move and last week being a positive reversal week in which 98% of the previous week's losses were recouped. It is important to note that on an intraweek basis, the 12.87 level has been confirmed as pivotal and the stock got down to 12.91 this past week and then closed up at 14.63, which is only $.12 cents from the previous 10-week weekly closing high at 14.75 that was set 3 weeks ago. The successful retest of the pivotal support, the positive reversal week, and the close once again above the 13.87 weekly close resistance level that has been pivotal for the past 4 months does suggest the bulls will be in full control this week with the previous intraweek high at 15.75 as the target to break. Probabilities favor the bulls.

CRON generated a positive reversal week, having made a new 3-week intraweek low and then closing green and near the high of the week, suggesting further upside above last week's high at 9.09 will be seen this week. The stock has basically been trading sideways for the past 4 weeks between 8.11 and 9.42, which is basically the flag area in a bullish flag formation, which if broken (a rally above 9.42) would offer an 11.54 objective. For the past 4 weeks, the stock has been straddling the 200-week MA, currently at 8.82 and if able to establish itself above that area for more than 2 weeks in a row, it would give the bulls short-term control. Pivotal support is found at 8.11. Probabilities favor the bulls.

ENG made a new 9-week weekly closing high and did it in a spike up fashion, suggesting strong buying interest has been found. With the stock now showing a successful retest of the intraweek low at 2.01 (with the previous week's low at 2.53, followed with the spike up this past week and a close above the established weekly close resistance at 2.88 (closed on Friday at 3.46), it does strongly suggest that the traders will now be exploring the upside after having established a clear bottom formation over the past 8 weeks. Weekly close resistance is found at 3.84 and then nothing until 5.00, which is a clear upside objective off of the charts alone (no fundamental news needed). Daily close support is now found at 3.05, given that is a previous high weekly close that when broken cause the stock to make this new multi-week high at 3.88. In addition, the 200-day MA is currently at 3.25, and that line is now also considered support. Probabilities favor the bulls.

MRGE generated a positive reversal week, having made a new 5-week low and then closing green. The stock closed in the middle of the week's trading range, suggesting equal chances of going below last week's low at .16 than above last week's high at .20 are in place this week. If last week's high is broken, a successful retest of the intraweek week low at .14 will occur and the buying interest will pick up. Pivotal resistance remains at .33. If broken and confirmed with a close above that level, the 200-day MA will have been broken to the upside and that should generate new buying interest. Nonetheless, 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 positive reversal week, having gone below the previous week's low and then closing green. Unfortunately for the bulls, the stock closed in the lower half of the week's trading range, suggesting a higher chance of going below last week's low at 62.27 than above last week's high at 63.88. The next pivotal intraweek support level is found at 60.84 that if broken would likely mean that a drop all the way down to 56.50-57.50 would occur. Intraweek resistance is now found at 65.78, at 69.30 and at 72.22. The monthly chart now suggests that the stock is likely to be in a $57 to $70 trading range for the next 3-6 months. The 200-day MA is currently at 61.95 and that is what the traders will be keying on this week. If the bulls are able to establish themselves above that line (two closes in a row above the line), the stock will likely first rally up to one of the levels mentioned above. If that does not happen, the probabilities are high that the $60 level will be seen. Probabilities favor the bears but the situation is volatile.

PEP generated a positive reversal week, having made a new 5-week low and the closing green and in the upper half of the week's trading range, suggesting further upside above last week's high at 147.50 will be seen this week. If that occurs, last week's intraweek low a 144.61 will become a new and pivotal support level. A break above 147.50, would suggest a rally up to 148.77 will be seen. The bulls have been able to maintain control of the stock during the past 12 weeks and as such the bulls remain with the edge though a double top on the weekly closing chart remains at 148.30. I am leaning toward liquidating the positions and taking the small profit or loss involved and get into trading other stocks as this stock has shown a general inability to generate big movement where profits of some consequence can be made or a clear key decision to liquidate can be made as well.

PGEN generated a positive reversal week, having made a new 6-week low and the closing green and near the high of the week, suggesting further upside above last week's high at 6.90 will be seen this week. If that occurs, last week's low at 5.93 will become a double low when put together with the previous 6-month low at 5.80. Intraweek resistance is found at 7.44, which if broken would mean the 200-day MA, currently at 7.08, will have been broken as well. That MA line has been straddled for the past 8 weeks and it is the pivot point for the trend depending on which side wins the edge. With the double low at 5.80/5.93 now being extra strength support, any break of that level will give the bears full control. To the upside, the bulls need to get above 8.72 to take some measure of control. This scenario suggests that the stock will be trading sideways between 6.50 and 8.50 for the next few weeks but with a slight bias to the upside.

SNDL generated a positive reversal week, having made a new 4-week low but then closing green and in the upper half of the week's trading range, suggesting further upside above last week's high at 1.06 will be seen this week. The stock closed at the previous multi-month high at .97 that has been considered short-term pivotal for the past 14 months. Pivotal weekly close resistance is found at 1.09, which if broken next Friday would strongly suggest the correction is not only over but the chart fulfilled to the downside, meaning the traders will begin working on how much of a rally can be obtained the next few months. On a daily closing basis, pivotal resistance is found at 1.29, which if broken would suggest a minimum rally to the 1.62 level. Support should now be found at last week's low at .91. Probabilities favor the bulls.

SRUTF generated another red week close (the 4th in a row) and did close below the weekly close breakout level at .0585 (closed at .0575), meaning that the bulls need to generate a green weekly close next Friday. The stock did close in the upper half of the week's trading range, suggesting further upside above last week's high at .063 will be seen this week. One possibly strong positive did occur last week given that the stock is now showing a 5th successful intraweek retest of the 200-day MA, currently at .0479, having dropped down to .048 and then generating a green close the following day. Any daily close above .067 will generate a failure signal against the bears and likely give new ammunition to the bulls to resume the uptrend with the .16 level as the objective. Probabilities favor the bulls.

STWD made a new all-time high daily and weekly close and closed on the high of the week, suggesting further upside above last week's high at 27.01 will be seen this week. This new high has extra meaning to it given that the previous week the stock gave a failure signal against the bulls when it closed below the previous all-time weekly closing high. The ability of the bulls to make a new all-time high after the bears had taken the edge, does suggest there are strong and positive fundamental forces supporting the stock for a new leg up. By the same token, the stock is tied in to the overall outlook of the index market and will likely mimic (to a smaller degree) what happens in the index market. The previous week's low at 25.09 is now the new and strongly pivotal support, meaning that a stop loss at 24.99 should now be used. Probabilities favor the bulls.

ZLAB generated a strong positive reversal week, having made a new 5-week intraweek low and then closing above the previous week's high and near the high of the week, suggesting further upside above last week's high at 177.31 will be seen this week. The stock has an important week ahead given that the recent intraweek high at 181.92 is likely to be seen and broken this week and that would mean that the recent uptrend continues (likely). With the all-time weekly closing high being at 182.57, it means the bulls could make a big bull statement this coming week if able to close above that level next Friday. Intraweek support is now found at 165.90 that could/should be seen but not likely to be broken. If seen but not broken and based on the spike rally seen last week in which the stock appreciated $24 in value (from low to high), it would mean the stock would likely have a $189/$190 upside objective for this week. I do need to remind everyone that the present upside objective of one rating company is $205, and with the Chinese and U.S. markets rallying, that upside objective is viable and possibly to-be-reached within the next 2-4 weeks. Probabilities favor the bulls.