AAPL generated a negative reversal week, having gone above the previous week's high and then below the previous week's low and closed in the red and near the low of the week, suggesting further downside below last week's low at 140.00 will be seen this week. The downside target on an intraweek basis is 137.69 (138.20 on a daily closing basis). If reached, consideration to taking profits can be given. Further downside below that level will require additional negative data. Minor resistance is found at 145.57 and slightly stronger at 147.54.

AU generated a negative reversal week, having made a new 7-month intraweek high and then closing red and on the low of the week, suggesting further downside below last week's low at 18.39 will be seen this week. The bulls did accomplish closing the downside gap on the weekly chart from May at 19.00 but the breakaway gap on the daily chart at 19.72 was not closed, though the runaway gap at 19.00 was. This does leave the door still open for a rally up to the 200-week MA, currently at 20.04. The negative reversal though, does mean that selling interest at these level is being found, suggesting that rallies above the $20 level are going to require new positive fundamental news to accomplish. Intraweek support is now found at 17.78, which is likely to be seen this week and probably on Monday. Consideration should be given to liquidating the positions on any rally above 19.71.

BABA generated a new 12-week intraweek and weekly closing high and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 94.34 will be seen this week. Nonetheless, the stock did get up to (and slightly above) the 200-day MA, currently at 92.53, with the 94.17 high daily close on Thursday and did confirm that high as a successful retest of the line, having closed on Friday at 91.34. There is an open gap down at 89.26 that is likely to be targeted for closure on Monday but once that is done, one more try to the upside to break the MA is likely to be seen. By the same token, this whole area and up to the $98 level is considered to be a resistance area that requires further positive news to break above and that is unlikely to happen this month. As such, the stock has reached a level where consideration to liquidation of the positions should be given. Hopefully above last week's high.

CAT generated a new 3-week intraweek low and a new 5-week weekly closing low. The stock closed near the low of the week and further downside below last week's low at 225.56 is expected to be seen. In addition, the stock sell signals on both the daily and weekly closing chart, as well as a failure signal against the bulls on the weekly closing chart, having closed below a previous 16-month weekly closing high at 228.94 (closed on Friday at 227.29). There is pivotal intraweek support at 225.06 that if broken would find open air below to 213.56. By the same token, the stock shows a runaway gap at 221.79 that if not closed, could help the bulls generate a rally back up to the 232.35 level. Evidently, the news this week on Tuesday and Wednesday, which will affect the index market, will help the traders decide what to do. By the same token, closure of the runaway gap would make the breakaway gap down at 199.58 a target, especially considering that the 200-day MA, currently at 202.17, has not yet been tested after having been broken to the upside in October, after having traded below the line for the previous 4 months before that. A retest of that line does seem to be a high probability event if and when no new positive fundamental news comes out.

ENG generated a red weekly close and a close near the low of the week, suggesting further downside below last week's low at .854 will be seen this week. Nonetheless, the bulls were able to maintain the stock above the pivotal weekly's close support level at .865 (closed at .883) and that likely means that this week, the required/needed retest of the recent intra-month 10-month low at .78 will occur. The bulls do need to go below last week's low but then close green at the end of the week, in order for the week to become a successful retest of both the intraweek and weekly closing lows. Intraweek support is found at .82 and that is likely to be the downside objective for this week. If that occurs and then the stock gets above .926, the chart will be fulfilled to the downside and some new buying, as well as short-covering is likely to be seen.

LI generated a negative reversal week, having made a new 9-week intraweek week high but then closing red and on the low of the week, suggesting further downside below last week's low at 20.96 will be seen this week. Intraweek support is found at 18.83, which is likely to be reached but not likely to be broken. There is a gap between 17.84 and 20.11 that will play an important part this week. If the gap is not closed, the gap down seen on Friday between 23.62 and 22.77 will be targeted for closure. Nonetheless, the gap down was created by a worse than expected earnings report that does support the gap, meaning that the action this week is likely to be pivotal for the short-term. As it is, the minimum upside target of this recent rally was the $24 level and the stock did get up to 24.20 this past week, meaning that the bulls do require index help to generate any further upside. As such, consideration should be given to liquidating positions on any rally back up close to the $24 level. On the positive side, it was not expected that the earnings report would be better than expected, meaning the earnings report miss is not yet a big deal.

NEM generated an inside week but did close red and on the low of the week, suggesting further downside below last week's low at 46.38 will be seen this week. The breakout level from the 4-month weakness period was 46.41 (based on the daily closing chart) and the stock closed on Friday at 46.40, meaning that if the stock closes green on Monday, it will mean that a successful retest of the breakout level has been accomplished. Such action is likely to give further ammunition to the bulls for further upside to occur. A daily close below 44.32 would give a new sell signal and negate the breakout. A daily close above 48.67 would open the door for a rally up to the $52 level and perhaps even up to the 200-week MA, currently at 57.03.

PLNHF unexpectedly (no news) generated negative reversal week, having made a new 9-week intraweek high but then reversed and closed below the previous week's low and on the low of the week, suggesting further downside below last week's low at 1.13 will be seen this week. A new sell signal was given on the weekly closing chart but not on the daily closing chart, meaning that the stock might recover this week. Nonetheless, for any recovery to occur, the 1.12-1.15 level needs to hold up on a daily closing basis. The stock closed at 1.14 on Thursday and at 1.15 on Friday and that means that a green daily close needs to occur from the get go on Monday. The only possible reason for the unexpected sell off is that on a daily closing basis there is decent resistance at 1.55 and with the stock closing at 1.50 on Monday and then seeing a red close on Tuesday, the traders bailed out of the rally. This does suggest that the stock may trade between 1.12 and 1.50 for the rest of the month, awaiting further news on the company or on the Cannabis industry.

QQQ generated a red week and did make a new 4-week intraweek and weekly closing low. The stock closed near the low of the week and further downside below last week's low at 278.78 is expected to be seen. The stock did get back down to the 200-week MA, currently at 278.31 and that line will be an important pivot point this week, given the important economic reports (CPI and Fed rate decision) due out this week. Evidently a close next Friday below the MA line will bring in new selling interest, while a close above the line would likely do the opposite. In the last 11-weeks, the stock has closed below the line 4 times and above the line 7 times, yet none of the closes has been clearly indicative. On an intraweek basis, last week's low is short-term pivotal, given that if broken, there is no support below until 269.28 is reached. There is an open gap down at 268.56 that will be a magnet for closure (or retest of it), meaning that a break below 278.78 should generate at least a drop down to the 269.28 level. Some resistance is found above at 284.60 and at 289.46.

SHOP generated a red week and a close near the low of the week, suggesting further downside below last week's low at 36.56 will be seen this week. The red week and lack of follow through to the upside (as expected was going to happen) has created a double high at 45.43/45.06 that will give additional ammunition to the bears, if and when no new positive news comes out. The stop loss can now be lowered to 45.53 as a break above that double high will be indicative of strength. Short-term pivotal support is found at 34.38, which if broken would likely take the stock down to the mention's objective at $30. Intraweek resistance is now found at 41.73.

VET generated a new 5-month intraweek low and closed on the low of the week, suggesting further downside below last week's low at 17.04 is expected to be seen this week. The 10-month intraweek low is found at 16.60, which if broken would open the door for a drop down to 200-week MA, currently at 13.43. All of the weekly close supports have now been broken but there is still one decent daily close support at 17.01. With the stock closing on Friday at 17.06, the bulls need to generate a green daily close on Monday. Unfortunately, the Oil chart suggests further downside is to be seen, meaning that the probabilities favor the bears creating a decisive break.

VNET continued to trade in a sideway fashion as the traders await news on the proposed merger. The stock did generate a green weekly close on Friday, as well as a close in the upper half of the week's trading range, suggesting further upside above last week's high at 5.54 will be seen this week. Nonetheless, the stock remains in a trading limbo as the traders await the outcome of the proposed merger at $8 a share. For now, the chart does not favor either side as it seems to be in a trading range between 4.50 and 6.00. Midterm pivotal resistance is at 6.43, which if broken would make the $8 level the objective.

ZLAB generated an uneventful inside week and closed in the middle of the week's trading range, suggesting equal chances of going above last week's high at 38.94 or below last week's low at 31.73. The reality is that the stock outperformed the other Chinese stocks this week, suggesting there is still inherent strength in the present price. The stock has now gotten up to the 200-day MA, currently at 37.49, on 6 occasions over the past 4 months and it seems that the line is "ripe" for getting broken as the bears repeated fail to make a statement to the downside when the line is reached. A break above 40.17 would be a bull statement at this time. By the same token, a break below 30.37 would be a bear statement at this time. With the stock having closed on Friday at 35.40 (slightly above the middle of those two prices), the probabilities slightly favor the bulls.