AU generated a new 6-month intraweek high, a new 5-month daily closing high and a new 6-month weekly closing high. The stock closed on the high of the week and further upside above last week's high at 18.41 is expected to be seen this week. The stock is showing a runaway gap to the downside at 19.00 and a breakaway gap at 19.72. There is also an open gap on the weekly chart at 19.00. There was a fundamental change to the stock that does favor those gaps being closed, inasmuch as Bitcoin broke down, meaning that the inflation money is fleeing Bitcoin and going to Gold. The stock did generate a break of the 200-day MA, currently at 17.50 that if confirmed does mean the downtrend is over. The 200-week MA is currently at 19.94 and that is a clear target for this week given all that is involved. If broken, that would be a "game changer" for the midterm. Intraweek support should now be found at 17.00. If by any chance the stock gaps up on Monday above 19.00, a huge island formation will be possibly formed that if confirmed, would offer an upside target of 26.06. Probabilities favor the bulls. This is a stock that was as high as 38.50 just 14 months ago and at 11.94 just 8 weeks ago. The chart is clear here (more than anywhere else) and therefore bears watching (pun intended).

BABA generated a second green weekly close in a row and close near the high of the week, suggesting further upside above last week's high at 72.70 is expected to be seen. Nothing of positive value has yet happened on the weekly chart but on the daily chart, the stock generated a second buy signal, having closed above the most recent high daily close at 69.71 on Friday (closed at 70.77). The action does suggest that a bottom, and a confirmation process of a bottom being in place, is occurring, though not enough has yet been done for that to be a high probability scenario yet. The stock has now rallied 20.3% from the lows on an intraweek basis but only 10% on a closing basis. A weekly close above 76.49 would have to be seen for a 20% trend change rally to occur. Minor intraweek resistance is found at 74.94 and a bit stronger and more pivotal at 78.64. For a failure signal against the bears to happen, a daily close above 76.76 would need to be seen. Nonetheless, a rally up to that level is now a decent probability. Pivotal daily close support is found at 64.84, which is also where Intraweek support is now found. Probabilities do favor the bulls this week but on a limited basis. The HSI index (Chinese market) has resistance at 18319, which is the level that when broken, took it down below 15,000. A close above that level would generate a failure signal against the bears. The index closed at 17325 on Friday and therefore there is a certain amount of probability that further upside of about 1000 points will be seen before new selling comes in. Probabilities favor the bulls this week.

CAT generated a new 17 month intraweek and weekly closing high and closed near the high of the week, suggesting further upside above last week's high at 238.40 will be seen this week. The stock has shown both chart and fundamental strength but is now nearing its all-time intraweek high at 246.69 (241.08 on a monthly basis, 244.02 on a weekly closing basis and 244.79 on a daily closing basis) that seems highly unlikely to be broken in what is still a bear market. On a daily closing basis, there is now support at 229.84, short-term pivotal at 225.54, and then nothing until 214.54. None of these supports are anything other than minor. Decent daily close support is found between 197.02 and 198.88, which is further supported by the 200-day MA, currently at 198.90. In looking at all charts, including the monthly chart, a drop back down to the $200 level is a decent to high probability but the door remains open for a drop down to the $180 level.

ENG reported earnings and they were slightly less than was expected and the stock made a new 10-month intraweek and weekly closing low and closed in the lower half of the week's trading range, suggesting further downside below last week's low at .82 will be seen this week. Nonetheless and on a positive note, the company reported higher income than expected. This is a stock that has a book value of $.50 cents per share and normally stocks trade at least at 4-1 book value (meaning that this stock should be at least at $2 per share. Then again, some companies like AAPL and TSLA can have prices that are 50-100 times higher than its book value. This is a stock that over the past 15 years has had a pattern of trading low for a few months and then spiking up to anywhere from 8 to as much as 20-1 of its book value. It has done it at least 8 times over the past 15 years. Any daily close this week above .94 cents would generate a failure signal against the bears and any daily and/or weekly close above 1.06 would generate a new buy signal. Any intraweek break below .75 would generate further weakness. History suggests that the probabilities favor the bulls.

LI generated a 2nd green weekly close and closed near the high of the week, suggesting further upside above last week's high at 19.41 will be seen this week. In the process, the stock confirmed the previous week's failure signal against the bears with another green weekly close above 18.26 on Friday. In addition and using the daily closing chart, a new buy signal was given when the stock closed above the previous high daily close at 18.47 with a close on Friday at 18.97. More importantly, the stock now also shows a successful retest of the low with a red daily close at 16.18 on Wednesday, followed with 2 green closes on Thursday and Friday. There is some minor intraweek resistance at 21.18 on the daily chart but on the weekly chart, there is no resistance until the 24.48 level is reached. Short-term intraweek support is now found at 16.09. Probabilities favor the bulls.

NEM made a new 3-month weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 46.92 will be seen this week. There is minor but short-term pivotal resistance on both the daily and the weekly closing chart at 46.55 that if broken would offer "open air" above to 52.35. The stock closed at 46.53 on Friday, meaning that any green close next Friday would likely mean that at least another $6 move higher would likely be seen. On a daily closing basis, support is now found at 44.40. Probabilities favor the bulls.

PLNHF made a new 4-week intraweek low but then rallied enough to close near the high of the week, suggesting further upside above last week's high at 1.29 will be seen this week. If that occurs, last week's low at 1.11 will become the required/needed retest of the multi-year low at 1.03 that was made in September. An intraweek rally above 1.40 will open the door for a rally up to the 1.74 level and it would also mean that a bottom formation has been built and retested successfully. For the past 6 weeks this stock has traded mostly sideways with weekly closes at 1.26, 1.19, 1.22, 1.18, 1.24 and Friday at 1.23. It seems highly likely that something will happen this week. Probabilities favor the bulls.

QQQ generated a new 8-week intraweek and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 288.64 will be seen this week. The stock has been straddling the 200-week MA, currently at 275.91, with 4 closes below the line, 2 closes above the line and 1 close at the line over the past 7 weeks. The does not show a successful retest of the July low at 254.26 with the previous week's low at 259.08 and now followed by a new multi-week high, meaning that it is now probable that a bottom to the downtrend has been found. As such, the probabilities now favor the bulls. Nonetheless, I do mention the straddling of the MA line that was seen because it suggests that at the very minimum, a retest of that line will occur before much higher prices are seen (if they are to be seen). There is intraweek resistance at 295.05 and again at 296.58 that has a good chance of holding up and from there the retest occur. There is an open gap at 268.56 that is not supported by fundamentals that should be closed. As such, upon reaching that level, consideration can be given to taking profits and exiting the short position. Probabilities favor the bulls this week but just slightly.

VET reported earnings and revenue beat expectations by 26% but EPS dropped 8.7% and the stock fell 21.3% immediately thereafter. The stock generated a sell signal on the daily closing chart but then recovered enough the next day to negate the sell signal and on the weekly closing chart nothing of consequence occurred. Nonetheless, the stock did break the 200-day MA, currently at 21.52 and closed on Friday below the line (closed at 21.31) and therefore Monday's close is pivotal. A red close on Monday below Thursday's close at 20.45, would confirm the break of the line and give the bears new ammunition for a drop down to the $19. A green close on Monday above 21.52 would do the exact opposite and suggest a rally back up to the $24 level would then occur. The stock did close in the lower half of the week's trading range, meaning that the probabilities slightly favor the bears.

VNET had an uneventful week, having closed just $.13 cents below the previous week's close. The stock closed near the high of the week and further upside above last week's high at 5.85 is expected to be seen. The stock is presently awaiting news on the takeover offer so there is little that can be said about the chart at this time. Midterm pivotal resistance is at 6.43, which if broken would make the $8 level the objective. Intraweek support should now be found at 5.27. I should mention that in reading some analysts fundamental projections, they are quite bullish on the stock and do give as a potential upside objective the $15 level. Probabilities favor the bulls.

ZLAB has recovered 45.3% in value over the past 2 weeks and 37.2% based on the weekly close, which is a strong signal that the intraweek 20.98 low (23.75 on a weekly closing basis) made 3 weeks ago is now a bottom to this recent downtrend, which was caused by the weakness in the Chinese market. The close on Friday at 37.76 not only generated a failure signal against the bears but also generated a break of minor to decent weekly close resistance at 36.79. In addition, several buy signals were given on the daily chart, as well as generated a successful retest of the low daily close at 22.28 with a low daily close on Wednesday at 28.57, followed by two green closes thereafter. The stock closed near the high of the week and further upside above last week's high at 38.31 is expected to be seen this week. Immediately and at the beginning of the week, the bulls will have to face their first tangible resistance level in the form of the 200-day MA, currently at 39.23. A confirmed close above the line would give the bulls new ammunition for further recovery and a target of the $50 level. The 28.57 level, based on a daily close is now pivotal support that should no longer be broken. The 200-day MA has only been broken once over the past 14 months. It was broken on September 6th and the stock stayed above the line for 2 weeks before breaking below it once again. Evidently much is riding on what the Chinese market is going to do but the chart of the HSI index does suggest further upside of about 1000 points is yet to come, even within a bear market. Probabilities favor the bulls.