AAPL generated a negative reversal week, having made a new 3-week high and then closing red and near the low of the week, suggesting further downside below last week low at 144.46 will be seen this week. The red weekly close made last week's close at 149.64 into a successful retest of the decent weekly close resistance at the $150 level and suggests that the probabilities favor resumption of the downtrend with a break of the present intraweek support at 132.61. Nonetheless and for that to become a probable action, there are 2 intraweek supports where the bulls are likely to step in and try to stop the bears. The first intraweek support is at 138.80 and the second one is at 137.14. A break of those supports would be an ominous sign for the bulls. To the upside, resistance is found 149.77 and pivotal at 151.74. Stop loss should now be at 151.84. Probabilities favor the stock trading between 149.77 and 138.80 this week as the traders await further fundamental news. Probabilities favor the bears overall though.

AM generated a new 6-week intraweek high and a new 7-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 11.24 will be seen this week. There is decent to perhaps even strong resistance between 11.50 and 11.71 (11.68 on a daily closing basis), which needs to be broken in order for the previous uptrend to resume. Nonetheless, if that happens, there is open air up to 13.72. On a daily closing basis, support should now be found between 10.50 and 10.60. With the stock having tested the 200-week MA successfully and Oil due to move higher, probabilities favor the bulls.

AU generated an outside week (higher highs and lower lows than the previous week) but still ended up doing nothing as the close on Friday was just $.02 cents above the previous weekly close. This is the 3rd week in a row that the stock is simply idling just below the pivotal weekly close point at 17.94. As such, it is evident that the traders are waiting for fundamental news that is likely to come out this week on Friday with the Inflation report. On a positive note, the stock going below the previous week's low does mean that if it goes above last week's high at 18.40, the needed/required retest of the recent low will have been accomplished. The stock did close in the upper half of the week's trading range, suggesting the bulls do have the probabilities in their favor. On an intraweek and on a daily closing basis, short-term pivotal support is found between 17.04 and 17.08. To the upside, pivotal resistance is at 18.40. There is a gap up at 19.00 that if closed, would give the bulls the short-term edge. Probabilities slightly favor the bulls.

ENG generated a very uneventful week, having traded in a very small $.11 cent trading range where nothing of any consequence was broken or even touched. The stock did close near the high of the week and further upside above last week's high at 1.23 is expected to be seen this week. If the bulls can now get above the 1.39 level, the bears will short-cover and the bulls will enter. Short-term pivotal support is now found at 1.02. A break of that level will once again destroy the base building process that is now built. Probabilities do slightly favor the bulls but for now there seems to be little interest in trading the stock in either direction.

IDCC generated another green weekly close but it was possibly indicative as it confirmed the break of the 200-week MA, currently at 64.16, that got broken to the upside the previous week. The stock closed near the high of the week and further upside above last week's high at 66.55 is expected to be seen this week. The stock is showing short-term pivotal intraweek resistance at 67.06 that if broken, would suggest a move up to the $69 level occur. The rally this week was a bit of a surprise given the weakness in the index market and therefore the probabilities of this being a successful short trade have diminished. On a positive note and using the intraday 10-minute closing chart, there is a small "mountain" of resistance around the 66.00 level, which includes the 200 10-minute MA, currently at 66.71. This does make this whole area pivotal. It is evident though, that the bears need to do something starting on Monday given that the stock closed at 66.03 on Friday. There is no room to the upside for any further movement on a 10-minute closing basis. There is no close by support on the daily chart that if broken would trigger new selling. Nonetheless and on the 10-minute intraday chart, a confirmed 10-minute close below 65.35 would give a small edge to the bears. As such and for Monday's trading range, a move up above 67.06 would be bullish whereas a move below 65.35 would be a signal that the bears are stepping up to the plate. Probabilities slightly favor the bulls.

NEM generated a red weekly close and did close in the lower half of the week's trading range, suggesting further downside below last week's low at 66.63 will be seen this week. If that does happen, it is not necessarily a negative as the recent 3-month intraweek low at 63.68 requires a successful retest of it before the bulls climb back aboard. Some intraweek support is found at 65.42 that could be the downside objective for the week. Short-term pivotal resistance is found at last week's daily closing high at 69.54 and any daily close above 72.13 would suggest the correction is over. Probabilities slightly favor the bulls this week.

PLNHF had another "nothing burger" event week with the exception that the stock did go above the previous week's high and did close green but near the low of the week, suggesting further downside below last week's low at 1.49 will be seen. If that does occur and the previous week's low at 1.37 is not broken, it will open the door to for a successful retest of the downtrend low and a recovery rally to ensue. It is a lot of "ifs" but this type of action is a necessity to turn establish a bottom to a downtrend. The daily chart does suggest that a drop down to 1.44 will occur this week. If that does happen and the stock thereafter goes above 1.69 a bottom to the downtrend will be established. Another new low below 1.37 will open a "new" can of negative worms. Simply stated, this has to be the low of the downtrend or the company is heading to becoming a pink sheet stock where a miracle needs to happen to turn around.

PRTS generated negative reversal week, having gone above the previous week's high but then closing red and slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 7.47 and above last week's high at 8.14. By the same token, nothing of what happened this week was "statement-like", meaning that it was more of a "wait and see what is to happen" week than an indicative week. Evidently the recent spike-rally weekly closing high at 7.89 is pivotal. The stock closed on Friday at 7.76 so nothing positive but also nothing negative occurred. There is intraweek support at 7.47 and then nothing until 7.00. There is short term pivotal resistance at 8.14 and then noting until 9.00. The traders are likely waiting for direction from the index market.

VET bulls continued to move higher in an attempt to break the pivotal resistance at 23.93 and re-establish continuation of the uptrend with a $26 objective. The stock closed in the upper half of the week's trading range, suggesting further upside above 23.28 will be seen this week. With Oil and Gas due to move higher, the probabilities favor the bulls. Short term intraweek pivotal support is now found at 21.67, which if broken would stop the momentum and that is not what the bulls need or want. Probabilities favor the bulls.

VNET, like with other held stocks, generated an uneventful week. Nonetheless and like with other stocks, the stock closed near the low of the week and further downside below last week's low at 5.22 is expected to be seen and if seen could end up being the required and needed retest of the previous week's low in which a successful retest of the island formation occurred. A retest of that low would confirm the first retest and give the bull's new and additional support. Two daily closes above 5.99 will confirm the retests as successful. Island formations are "extremely" rare occurrences but when they do happen and are confirmed, they signal a major bottom having been built and a trend change of consequence. The high daily closing price for the past 7 months is at 10.01 and that would be the very first objective that an island formation would generate. Nonetheless, island formations mean a trend change and a rally up to only $10 would not signal a trend change. For a trend change to be validated, a rally to at least the 200-week MA, currently at 15.12, would need to occur. As such, if the island formation is confirmed, you are looking at a stock that could easily triple in price over the next 3-6 months.

ZLAB generated a positive reversal week, having made a new 3-week low and then closing green and near the high of the week, suggesting further upside above last week' high at 32.10 will be seen. The green weekly close means that the previous week's close at 29.64 has now become the needed and required retest of the multi-year weekly closing low at 28.55, suggesting that a bottom to the downtrend has now been found and successfully tested. That will not be confirmed until a weekly close above 36.79 occurs. Nonetheless, the bulls now have the probabilities in their favor. Any intraweek move above 38.01 would now open the door for a rally up to the $49-$50 level. Thursday's low at 27.51 is now pivotal support that should not be broken if the signals given this week are valid. Probabilities favor the bulls.