AAPL generated an uneventful inside week but did close near the high of the week, suggesting further upside above last week's high at 152.43 will be seen this week. Short-term pivotal resistance is found at 153.17, which if broken would suggest the all-time high at 157.26 would be tested and likely broken, given the strength being seen in the index market. Last week's low at 147.80 has now become short-term pivotal support. This stock is not presently a leader but a follower and as such, will likely do what the indexes do. Stop loss remains at 153.25.

AU generated a positive reversal week, having made a new 3-week low but then closing green and on the high of the week, suggesting further upside above last week's high at 19.02 will be seen this week. If that does occur, last week's low at 17.92 will become a successful retest of the 200-week MA, currently at 17.66, as well as the needed/required retest of the 18-month low at 14.45. Of course, to confirm such retests the bulls would need to get above the recent intraweek high at 19.99. The 200-day MA is currently at 20.06 and if all of this happens and the daily MA line gets broken as well, the bulls will find themselves is a short-term bull run. Like with everything else, Wednesday's inflation report is a likely catalyst. Last week's low at 17.92 will become pivotal support if the stock gets above 19.02 this week.

BTZI generated a new 3-week intraweek low and in the process broke what has been built as a decent intraweek support level at .0855 (low last week was .077). Nonetheless, the bears were unable to generate any follow through as the daily closes between Tuesday and Friday were at .095, .097, .0948 and Friday's close at .0977. As such, the 200-day MA, currently at 0855 remained unbroken on a daily closing basis. The stock closed exactly in the middle of the weeks' trading range, suggesting equal chance of going below last week's low at .077 as going above last week's high at .1145. Evidently, what Bitcoin does this week will be key to what the stock does. As such, nothing of consequence is likely to happen until Wednesday after the inflation report comes out. The stock is not sensitive to the inflation report but Bitcoin is. Last week's low though, has become pivotal support that if broken, the entire rally to .18 will be negated.

CALM generated a new 8-week intraweek high and a new 19-week weekly closing high and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 37.67 will be seen this week. Nonetheless, the stock finds itself at an important pivot point in the form of the 200-day MA, currently at 37.21. The stock closed on Thursday at 37.01 and on Friday at 36.85, suggesting that the bears will have the edge at the beginning of the week. Daily close support is found at 36.47 and short-term pivotal at 36.06. Pivotal daily close resistance is found at 37.85. The bulls were able to break a weekly close resistance at 36.52 on Friday, suggesting that the probabilities now favor them slightly.

CHUY generated a positive reversal week after reporting earnings on Thursday evening. The stock closed on the high of the week, suggesting further upside above last week's high at 34.87 will be seen this week. The earnings were actually less than expected but they did announce a $50 million share buyback and the stock spiked up. In the process, a buy signal on the weekly closing chart was given when it closed above the previous 15-week high weekly close at 33.23. There is weekly close resistance above at 34.95, at 35.85 and then nothing until the mention's objective at 42.20 (44.06 on an intraweek basis). On an intraweek basis, the 200-day MA, currently at 37.46, is a magnet given the spike up rally. An intraweek break above 37.65 would be a bull statement. Intraweek support will now be found at 32.32. Probabilities favor the bulls.

CRON generated a positive reversal week, having made a new 13-month intraweek low at 5.11 and then closing green. Nonetheless, 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 5.11 than above last week's high at 5.66. On the other hand, there was a piece of news announced on Friday 40-minutes before the close regarding the Republicans willing to support a bill that would make Marijuana legal in the U.S. that may give the bulls some new ammunition on Monday. Pivotal intraweek resistance is found at 6.05 and pivotal intraweek support is found at 4.92. Probabilities slightly favor the bulls this week.

ENG generated a green weekly close and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 2.57 is expected to be seen this week. The green weekly close has made the previous week's intraweek and weekly closing low into the second successful retest of the 1.74 (1.80 on a weekly closing basis) low made in August. Minor intraweek resistance is found at 2.71 that if broken, should push the traders to test the 200-day MA, currently at 3.44, for the 3rd time since the line got broken to the downside in June. Pivotal intraweek resistance is found at 3.88, which if broken would be a game changer. Pivotal intraweek support is now found at 2.14. Probabilities favor the bulls.

MRGE continued lower, having made a new 5-week low at .06. The stock did rally from the low to close slightly in the upper half of the week's trading range, suggesting a slightly higher chance of going above last week's high at .09 that below last week's low at .06. If that occurs, the needed/required retest of the 8-month low at .03 will have been accomplished. To the upside there is no resistance above until minor resistance at .10 is reached. Pivotal resistance is found at .139, which if broken would suggest a move up to the .22 cent level where the 200-day MA is currently located. Probabilities slightly favor the bulls this week.

NEM generated a positive reversal week, having made a new 4-week low and then closing green and on the high of the week, suggesting further upside above last week's high at 56.42 will be seen this week. If that occurs, last week's intraweek low at 53.54 will become the needed/required retest of the 53.03 16-month low seen 6-weeks ago. Pivotal intraweek resistance is found at 59.26, which if broken would be a game changer. The chart suggests that the stock has now fulfilled building a strong support base from which to begin a recovery rally that would offer a $70 objective. A break below 53.03 would now be a negative and a break below 52.34 would give control to the bears. Probabilities favor the bulls.

RIO made a new 52-week intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 60.17 will be seen this week. The reason for the drop is the fact that iron ore prices have dropped 20% over the past couple of months, as well as the fact the company itself has had some production and distribution problems. The stock did close at the 200-week MA, currently at 60.68 (closed on Friday at 60.62) and that line has not been broken to the downside over the past 18-months. With inflation being a problem right now and commodity prices likely being supported because of it, it is unlikely that further downside will be seen on a weekly closing basis. In addition and in reading an article from Forbes, there is a 51% chance of the stock rallying (instead of dropping) for the next 21 days. There is some minor but established intraweek support at 59.48 that could be the downside target this week but from which a turnaround is likely to occur. Intraweek resistance is now found at 62.72 and at 63.83, both of which are minor. Pivotal resistance is now found at 68.04, which is broken would mean the correction is over. In looking at the daily closing chart, I can see a decent probability of a rally back up to the 65.25 level, at which point I will likely look to liquidate the positions at a small profit.

QTWO reported earnings and they were better than expected, causing the stock to spike up 16.8% in value in just 2 days. The stock closed near the high of the week and further upside above last week's high at 89.54 is expected to be seen this week. The green weekly close means that the previous week's close at 78.46 is now a successful retest of the 200-week MA, currently at 78.94. In addition, the green close also means that a successful retest of the 18-month low weekly close at 76.28 (seen 5 weeks ago) has occurred. There is short-term pivotal intraweek resistance at 92.34 and then further resistance at 93.90. Above that level, there is open air until the 105.74 level is reached. Decent daily close support should now be found at 81.96. A break above 92.34 should generate a rally up to the 200-day MA, currently at 100.08. That line has not been broken to the upside since March and is pivotal resistance for the midterm. The 8-month high is 105.45 and a break of that level would be a game changer. Probabilities favor the bulls.

SNDL continued to generate small trading ranges (last week it was $.05) and continue to make new lows. Nonetheless and as stated last week, the new lows are by such small margins that it is basically uneventful. The stock closed on Friday at .0643 and when added to the previous 6 weekly closes at .673, .670. .681, .656, at .659 and at .650, it becomes evident the stock is stock is neutral with a very small bias to the downside. The company reports earnings on Wednesday, November 10th and until then, this sideways trading is likely to continue. Minor but short-term important support is found at .61 and major support at .50. Minor but short-term pivotal resistance is found at .75 and decent at .95. As such, a .50-.95 cent trading range for the rest of the year is what is expected, with a small to decent possibility that it will be a .60 to .95 trading range. There was news on Friday afternoon of the Republicans now favoring a bill to make Marijuana legal and that could give some new buying interest to the stock.

SRUTF generated a new 13-month intraweek low at .029 but then rallied to close near the high of the week, suggesting further upside above last week's high at .0413 will be seen this week. Like the other Cannabis stocks, it has been idling-with-a-small-bias-to-the-downside for the past 3 months. Nonetheless, it is possible that it may change this week given the news about the Republicans supporting making Marijuana legal. The high and low seen 7 weeks ago at .0505 and at .0305 remains the parameters for something happening. A break above or below the high and low seen that week will generate movement in that direction. Otherwise, the stock is likely to continue to trade within that range.

ZLAB continued the downtrend, having made a new 52-week intraweek and weekly closing low. The stock closed near the low of the week and further downside below last week's low at 85.64 is expected to be seen this week. There was no news to support the new low, suggesting it was all chart oriented. It is important to note that about 1-month ago an analyst that follows the stock closely stated that the downside target was $87 but that it was a buy at that price. The company reports earnings on Tuesday after the close and that could be the fundamental catalyst for a rally occurring. Intraweek resistance is now found at 95.52 and short-term pivotal daily close resistance is found at 99.18, which if broken would signal an end to the correction. Pivotal midterm daily close resistance is found at 105.76, which if broken would open the door for a rally all the way up to at least $116, if not all the way to $130. Probabilities favor the bulls this week given that the stock has fallen 53% in value over the past 5 months without any negative change in the fundamental picture.