AU generated an uneventful inside week with a close very slightly in the lower half of the week's trading range, suggesting a slightly higher chance of going below last week's low at 20.56 than above last week's high at 31.21. There is a 50-50 chance that the 200-day MA, currently at 19.91, will be tested this week if Gold shows any weakness. Nonetheless, overall and with it now trading above the MA line for the past 8 days, the bulls presently have the edge. Last week's high at 21.31 has become a minor but short-term pivotal resistance, which if broken would open the door for a rally up to at least the 23.00 level. Any daily close below 20.56 would weaken the chart. Probabilities favor the bulls overall.

BOIL had an inside week but did generate a green weekly close, making the previous low weekly close at 49.44 into a successful retest of the previous 18-month high weekly close breakout at 49.29. The stock closed in the lower half of the weeks' trading range, suggesting further downside below last week's low at 48.88 could be seen this week. Nonetheless, the stock closed in the upper half of Friday's trading range, suggesting the first course of action for the week is likely to be to the upside. There is some resistance at 57.35 and then no resistance until last week's high at 61.18 is reached. This is a weather-for-the-winter scenario with colder weather anticipated to happen, which in turn would support Natural Gas and therefore support the stock. Natural Gas has resistance at 5.47 and it closed on Friday at 4.93, suggesting the stock should go higher. If the stock gets above 61.18, it should continue higher to at least $70. Nonetheless, some consideration can be given to taking a fast profit around the 57.35. To the downside, stop loss remains the same at 46.65. Probabilities favor the bulls.

BTZI made a new all-time weekly closing low and closed in the lower half of the week's trading range, suggesting further downside below last week's low at .0001 will be seen this week. Given that was likely a low generated by stop loss and panic selling, it is unlikely that it will get broken. In addition, there was no news to support the break other than some weakness seen in Bitcoin, meaning that the action this week could be reversed this coming week just as easily as it occurred this past week. Though Bitcoin gave a sell signal on Friday, that sell signal was not confirmed on the weekly closing chart and negated on Saturday on the daily closing chart. The stock closed on Friday at .021 and any confirmed close this week above .0225 will negate the sell signal and give a failure signal against the bears. A second failure signal against the bears will occur if the stock closes above .0375 and a 3rd (and more important) failure signal will be given with a close above .048. I have to believe last week's action was an anomaly given the breaks of all those supports generating stop loss selling.

CALM unexpectedly went above last week's high and generated a green weekly close, meaning that the previous week's down move was not indicative anything. Nonetheless, the bulls did not accomplish anything either given that the weekly close resistance at 37.13 remains unbroken (closed on Friday at 36.80). The stock closed slightly in the lower half of the week's trading range, suggests a slightly higher chance of going below last week's low at 36.33 than above last week's high at 37.51. There is short-term pivotal resistance at 37.57 and same as far as support at 35.87. The 200-day MA is currently at 37.12 and if the bulls are able to get (and stay) above that line, the bulls will gain the edge.

CHUY generated a 2nd red weekly close and closed in the lower half of the week's trading range, suggesting further downside below last week's low at 31.21 will be seen this week. The stock now shows a lower low than the previous week, meaning that any low made right now and above the recent 10-month low at 28.50 will now be seen as the required/needed retest of the low, which should generate new buying interest. There is no established intraweek support below until 30.76/30.81 is reached and that support is minor. Stronger support is found around the 30.00 level. A break below 28.50 would be a big negative, while a rally above the recent high at 34.87, a big short-term positive. I doubt anything of consequence will occur this week.

ENG generated a new 2-month intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 2.07 will be seen this week. Decent intraweek support is found at 2.01 that now seems likely to be seen. The chart suggests that a bullish inverted Head & Shoulders formation may be forming with the left shoulder at 2.01, the head at 1.74 and the right shoulder, whatever low is seen on this down move as long as it isn't under 1.74. A break of the neckline (currently at 3.65), would offer a 5.54 objective. A rally above 2.76 would mean the formation has been formed. Nonetheless, there is some minor but likely indicative resistance at 2.38, which if broken would suggest this correction is over.

IDCC generated a negative reversal week, having made a new 14-week high but then turning down to close red and in the lower half of the week's trading range, suggesting further downside below last week's low at 71.21 will be seen this week. The reversal was not a surprise given that pivotal intraweek resistance is found at 75.25 and last week's high was 74.27. It means that there are not yet enough reasons to breakout of the present sideways trading range. There is important intraweek support between 69.67 and 70.12, which includes the 200-day MA, currently at 69.98. As such, that level is the downside target for this week. There are no reasons at this time to believe the stock will break (and stay below) the 200-day MA, suggesting the stock is likely to be trading between $70 and $73 for the next week or two.

MRGE had a very wild week, having made a new 40-month intraweek low at .01 and then turning around to close above the previous week's high at .08 (closed at .09), meaning that the stock dropped 800% in value and then gained 900% back. There was no news to support the action. Short-term pivotal weekly close resistance is found at .105. Pivotal daily close support is now found at .06.

NEM generated a negative reversal week, having made a new 12-week high but then closing red and on the low of the week, suggesting further downside below last week's low at 56.35 is expected to be seen. None of the action was unexpected as there is pivotal intraweek resistance at 60.13 and last week's high was 59.47, meaning that the situation is not yet supported for a breakout. The stock does show 1 successful retest of the low at 53.03 that was seen in October and it is likely this move down will be the 2nd retest, meaning the support level is being built. Intraweek support is found at 56.15 and that is likely to be the downside target for this week with some positive reversal coming at the end of the week. Nothing of great consequence is likely to happen this week.

RIO generated a new 51-week intraweek low that looked ominous but then the bulls were able to recover at the end of the week to stay above the previous low weekly close at 60.62 (closed on Friday at 60.71) and still remain without breaking the 200-week MA (currently at 60.73). The action seen was much like the action seen everywhere this past week and likely not indicative of anything. The bulls managed to close the stock slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 61.74 than below last week's low at 59.58. A new low below last week's low would weaken the chart substantially, while a rally above 63.14 do the opposite.

QTWO was one of the bright spots in the portfolio this week. The stock made a new 10-week intraweek and weekly closing high and closed near the high of the week, suggesting further upside above last week's high at 90.85 will be seen this week. The stock shows decent intraweek resistance between 92.34 and 93.90. which if broken would give the bulls short-term control. Pivotal intraweek support is now found at 85.94, which if broken would weaken the chart. At this time, the chart is looking short-term bullish with the 200-day MA, currently at 97.64, as a very viable objective.

SNDL generated an inside week but gave up almost 65% of the gains gained the previous week, meaning that the previous week's action has been mostly been negated. The stock closed on the lows of the week, suggesting further downside below last week's low at .072 will be seen this week. By the same token and on a chart basis, the action seen was not much of a surprise given that the previous week's high was exactly up to the 200-day MA (currently at .093). In addition and in reaching that line, the stock had gapped up from .072 and since there was no new company news, the gap was a magnet for closure. The gap is now closed and there is decent and copious daily close support between .70 and .72, suggesting that the probabilities favor a green week this week.

SRUTF slipped a bit given that the stock has been trading sideways for several weeks between .035 and .04 and that trading range became .03 to .035 this past week. With the Cannabis industry under some sell pressure at present, the probabilities favor this new trading range being seen from now on until some news comes out.

ZLAB continued the downtrend, having generated a negative reversal week (going above the previous week's high and then closing below the previous week's low) and making new multi-month lows across the board. The stock closed near the low of the week, suggesting further downside below last week's low at 82.64 will be seen this week. Intraweek support is found at 80.40 and stronger around the $72 level. Intraweek resistance is now found at 91.84 and then slightly stronger and short-term pivotal at 95.52. There is no news scheduled to come out and the chart suggests that the stock will trade between $80 and $90 for the next few weeks.