AAPL generated an inside week and a green close but closed near the low of the week, suggesting further downside below last week's low at 137.69 will be seen this week. The stock did get some negative fundamental news the previous week, given that the company announced they were cutting back production of the new I-Phone due to low amount of sales. The news and break of support suggests the stock will head down to at least the next intraweek support level at 132.61. If that level gets broken, the bears will target the July lows at 129.07 and if broken, that would open the door for a possible drop all the way down to the 200-week MA, currently at 107.10. Pivotal resistance is now found at last week's high at 147.54.

AU generated another green week but did close near the low of the week, suggesting further downside below last week's low at 14.01 will be seen this week. If that happens, it could turn out to be the necessary/required retest of the recent low at 11.94. There is some intraweek support at 13.74 that if held, would be a decent positive to the market. If the stock does go below last week's low, last week's high at 15.35 will become short-term pivotal resistance. The stock did generate, on the weekly closing chart, a failure signal against the bears, having closed above the 14.17 level on Friday. If confirmed this week with another close above that level on Friday, it would likely mean that a bottom to this downtrend has been found. Any daily close below 12.16 would give the bears new ammunition.

BABA did the same thing as AU and has the same scenario in place. Last week's low was 78.05. There is intraweek support at 76.28, which if broken would be negative. Daily close support is at 80.99/81.06 that if it holds up would be a positive. Last week's high at 85.03 is a short-term pivotal resistance area now. A daily close below 76.76 would give the bears new and strong ammunition for further downside.

CAT outperformed other held stocks given that JP Morgan upgraded their upside target from $205 to $220. As such, not only did the stock generate a green weekly close but a close in the upper half of the week's trading range, suggesting further upside above last week's high at 180.98 will be seen this week. The indexes, and therefore likely the stock as well, are expected to see weakness on Monday and if that does happen, consideration can be given to covering the shorts before the CPI report comes out on Tuesday. By the same token, if the CPI report disappoints, the indexes will head lower and so will the stock. Intraweek support is now found at 167.08, which could be the target for Monday or more likely for the week, if and when the CPI report disappoints. As such, the $167 level is now the target for the downside even with negative action in the index market.

ENG did nothing on a weekly closing basis but given that it rallied at the beginning of the week, there is a new intraweek pivot point resistance at 1.45. Otherwise, everything remains the same. Key levels to watch on the daily closing chart are 1.16 and 1.49. A break of the former would give back control to the bears while a break of the latter would do the opposite. Probabilities are 50-50, likely based on what the index market does this week.

LI was the stock that outperformed every other stock this week but the outperformance was to the downside. The stock made a new 5-month intraweek low but a new 17-month weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 19.33 will be seen this week. There was no new news on the stock but the auto industry did see a bit more selling this past week than other industries, and in particular the more expensive electric car industry. All weekly close supports except one have been broken. The remaining weekly close support is at 18.26. There is intraweek support at 18.83 that the bulls are hoping will hold up. There is a clear history in this stock that when a bottom is found that a strong rally occurs immediately thereafter. In the last 3 spike lows, the least rally and within 1 week was 177%, and the other 2 rallies were 199% and 277%, all within 7-8 weeks.

NEM has the same chart as AU with the exception that no failure signal against the bears has been given. Nonetheless, a drop below last week's low at 42.37 is likely to be seen. Intraweek support is at 41.61 and pivotal resistance is at 45.23. Any daily close below 39.50 would be a strong additional negative to the chart.

PLNHF rallied 64% above the previous week's close but there was no news to support the rally. The stock fell back to close in the lower half of the week's trading range and given that the rally was impressive, it is likely that neither last week's high nor low will be broken this week (likely will be an inside week. There is now a double bottom established at 1.03/1.08 that should ultimately mean that further upside is to come. Some of last week's rally might have occurred given the recent news of Biden giving pardons to Marijuana users. It does suggest, that Cannabis use might be closer to legal acceptance.

QQQ same identical thing as what is stated about the NASDAQ index above. It is likely the stock will go below the previous week's low at 267.10. Some intraweek support is found at 260.17. Tuesday's CPI number will decide the direction for October.

SHOP is likely to break the previous week's low at 26,38 and if it does, there is no support until 24.22 (minor) and then down to the $20 level. This chart is looking very negative. Last week's high at 31.85 is now pivotal resistance.

VNET generated a 3rd red week in a row and did close in the lower half of the week's trading range, suggesting further downside below last week's low at 5.06 will be seen this week. There is established support at 4.91 but if broken and the gap down at 4.80 is reached, the bulls will lose any edge they may have obtained off of the good news that came out 4 weeks ago. Pivotal resistance is now found at 5.95

ZLAB continued lower and there is no established support until the 25.78 level is reached. Nonetheless, there has been no negative news on the company and with it trading presently generated at 33.03, it is highly unlikely that a drop down to that level will occur. Like with everything else, Tuesday's CPI report is likely to generate movement in one direction or the other. Nonetheless, it was announced this weekend that China is beginning to take steps to stimulate its economy, meaning that Chinese stocks could outperform U.S. stocks to the upside or underperform to the downside. Last week's high at 37.75 is now the new short-term pivotal resistance.