AU generated an outside positive reversal week, having made a new 9-week low and then going above the previous week's high and closing green and near the high of the week, suggesting further upside above last week's high at 21.24 will be seen this week. The bulls were unable to generate a weekly close above the weekly close resistance at 20.94 but the probabilities do favor that happening this week. Pivotal support remains at 17.92, which if broken would damage the chart for the bull side. The overall outlook of the chart leans decidedly for the bulls, at least for a rally to the $24 level.

BTZI bulls were unable to confirm the previous week's technical breakout, having closed red and in the lower half of the week's trading range, suggesting further downside below last week's low at .0405 will be seen this week. Nonetheless, the main reason for the lack of follow through was the weakness seen in Bitcoin and there is a high probability that Bitcoin will start to recover this week and if that happens, the stock will start a new rally. Pivotal daily close resistance is found at .08 but any daily close above .0585 would suggest a rally up to the .08 level would likely occur. Short-term pivotal support is found at .0387 and midterm pivotal support is found at .03. Overall, the chart is leaning in favor of the bulls for the time being.

CALM generated a negative reversal week, having made a new 10-month intraweek high and then closing red and in the lower half of the week's trading range suggesting further downside below last week's low at 40.48 will be seen this week. The stock now shows 3 defined points on the 7-year long-term downtrend channel and if the overall market is going to head lower (should be known after Wednesday's FOMC meeting rate announcement), consideration should be given to taking profits on the trade. Nonetheless, if the bulls are able to rally and generate a daily close above 42.95, the outlook will then strongly favor the bulls. Stop loss should remain the 38.92.

ENG generated a further breakdown and of consequence, having made a new 26-month intraweek and weekly closing low and closing on the low of the week, suggesting further downside below last week's low at .87 will be seen this week. The $1 psychological support level was broken but then again, there has been no new fundamental negative and the stock is now trading below its book value, suggesting this break was more manipulation-by-the-traders than any actual negatives involved. If that is correct, the stock should generate a rally back up this week and a close above the $1 level this week. There really is nothing that the bears can shoot for now to the downside and some recovery should start to be seen this week. The 1.29 level remains pivotal on the monthly chart and with the monthly close 6 trading days away, there is a decent chance that the stock will rally to close above 1.29 next Monday.

FSLR generated a new 6-month intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at 76.48 will be seen this week. The stock has fallen 38% over the past 10 weeks and has now shown 9 weeks in a row of red weekly closes, something that has not happened to the stock in the last 10 years (time-period checked). There has been no specific negative news come out on the stock and it is presently trading below the lowest analyst's price predictions for the stock ($83). On a chart basis, the stock is near an area of "strong" weekly close support between 70.32 and 77.95, with most of the support being found around the $73 area, suggesting that the risk/reward ratio in this falling stock is now favoring the bulls. There is now intraweek resistance found at 81.87 (minor) and a bit stronger around the $90 level. Energy stocks are not the key of the bears (Tech stocks are) and given that a strong support area has been reached, the probabilities of a green weekly close occurring this week are high.

IDCC generated a new 5-week low and closed on the low of the week, suggesting further downside below last week's low at 67.59 will be seen this week. No damage was done to the chart in spite of the negatives that occurred in the index market. Nonetheless, the stock now finds itself in a positive that further downside could damage the chart if it happens. Short-term pivotal daily close support is found at 66.93 and midterm pivotal at 65.59. A break of either level will give the edge to the bears. On a daily closing basis, short-term pivotal resistance is found at 70.87. If that level is broken, the bulls will gain the edge back. Probabilities do slightly favor the bulls for a green weekly close next Friday but it is now potentially a pivotal week.

NEM generated a new 6-month intraweek and weekly closing high and closed slightly in the upper half of the week's trading range, suggesting further upside above last week's high at 65.49 will be seen this week. If that does occur, there is not resistance above until the $70 level is reached. The stock did generate a gap last Wednesday between 61.30 and 61.91 that should be closed this week. In addition, the 200-day MA is currently at 60.85. That area is the downside objective for this week. A break below last week's low at 60.335 would weaken the chart. Probabilities favor the bulls.

QQQ made a new 16-week intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 351.40 will be seen this week. Pivotal intraweek support is found at 350.32, which if broken would open the door for a drop down to $340 or even $320. The stock closed below the 200-day MA, currently at 365.58, and that is a strong negative. If the 350.32 level is not broken on Monday, a rally back up to the MA line is likely to ensue before any new decisions are made by the traders. Nonetheless, this past week was a pivotal week and unless the bulls are able to negate the break of the weekly close support at 360.18 next Friday, further downside is likely to occur. Probabilities favor the bulls for a rally at the beginning of the week and then based on what the Feds do on Wednesday, decisions will be made by the traders on direction.

SNDL made a new 25-month intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at .4659 will be seen this week. There is some decent and pivotal weekly close support at .471 that needs to hold up or the bears will get new ammunition. The stock closed at .478 on Friday. The bulls need to generate a daily close above .56 in order to stop the selling interest. Pivotal weekly close resistance is found at .67. The support level here is important and unless the market heads strongly lower, the bulls should be able to generate a green weekly close next Friday.

SRUTF generated and outside week, having gone below the previous week's low and above the previous week's high. The stock closed in the middle of the week's trading range, suggesting equal opportunity of going below last week's low at .021 or above last week's high at .0348. If the latter occurs, a double bottom will have been built on the chart, suggesting that the downside is over. By the same token, any break below .020 will be another new negative. Given that the index market was under strong sell pressure and yet the stock closed green, it would suggest that the probabilities favor the bulls.

ZLAB generated a positive reversal week, having gone below the previous week's low but then closing green. Nonetheless, the stock closed slightly below the midpoint of the week's trading range, suggesting a slightly higher probability of going below last week's low at 47.55 than going above last week's high at 55.29. By the same token, the fact that the stock was one of the few stocks that generated a green weekly close among the strong down move in the index market does suggest that there is buying interest here at the $50 level. Any rally above 55.29 would be a positive and a rally above 60.77 would suggest that a bottom has been found.