AU generated an inside week but a green weekly close and on the high of the week, suggesting further upside above last week's high at 13.22 will be seen this week. More importantly the green weekly close means that the recent 41-month low weekly close at 12.16 has now been tested successfully with the previous week's weekly close at 12.38. Any weekly close now above 14.44 would confirm that a bottom has been built and that the downtrend is over. On a daily closing basis, there is short-term indicative resistance at 14.10. Any daily close below 12.38 would re-strengthen the bear hand.

BABA continued with yet another new 78-month intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at 69.47 will be seen this week. On an intraweek basis there is support at 59.25 and the all-time intraweek low is at 57.20. Nonetheless, the stock generated a positive reversal day on Friday and the first course of business for the week is likely to be to the upside and above Friday's high at 72.79. If the bulls are able to get above Thursday's high at 74.94, a rally might start. Xi got re-elected on Friday evening and it is possible (maybe even likely) that he will do (or say) something tomorrow (Sunday) before the market opens. As such, it is possible that the stock could turn around strongly. If nothing is said and the Chinese market continues lower, it may be time to get out and take the losses.

CAT broke above two minor level of resistance on the weekly chart at 187.06 and at 189.49. The stock closed on the high of the week and further upside above last week's high at 190.41 is expected to be seen this week. The company reports earnings on Tuesday morning and that is likely to be a decisive factor on what the stock does from here. There is some minor daily close resistance at 192.40 and then decent to strong up between 198.25 and 198.44, which is further strengthened by the 200-day MA, which is currently at 199.10. It is important to note that the stock has rallied without a single intraweek retest of the recent low at 160.60. Given that there has been no positive fundamental change in the company or in the index market, a retest is a very high probably of occurring, suggesting that if any of the upper levels mention above are reached this week after the earnings report is out, shorting the stock would likely generate a winning trade. Stop loss would be placed at 200.47. Downside target would be the 167.08-169.25 level (prior intraweek low and 200-week MA respectively). There is short-term pivotal intraweek support at 179.21, which if broken would open the door for the downside target to be achieved.

ENG made a new 16-week 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 .95 will be seen this week. Nonetheless, on a weekly closing basis, the stock is now at a level of support between .97 and 1.00 that is considered decent to perhaps strong and it will likely require a negative fundamental situation to break this area. The company reports earnings the following week on November 3rd. Intraweek support is found at .91. Minor but likely short-term pivotal resistance is found at 1.16 and pivotal resistance is found at 1.45. Probabilities favor a positive reversal week and a recovery rally beginning.

LI made a new 16-month intraweek low and a new 24-month weekly closing low and closed in the lower half of the week's trading range, suggesting further downside below last week's low at 16.54 will be seen this week. Nonetheless, some buying interest started to be found given that the stock made the new low on Wednesday, generated an inside day but with a green close on Thursday, and then generated a positive reversal day on Friday. This action means that on Friday, it went below Thursday's low and closed above Thursday's high, thus opening the door for a successful retest of the low having been accomplished. To confirm this retest as successful, a rally above 21.18 would need to be seen. Nonetheless, it is a sign that perhaps the bottom has either been found or is close by. Intraweek support of consequence is found at 15.98. This is a Chinese stock that the same as stated for BABA applies here.

NEM generated an uneventful inside week. Nonetheless, it did close green and near the high of the week, suggesting further upside above last week's high at 42.57 will be seen this week. It is important to note that on the daily chart, a short-term bullish inverted Head and Shoulders formation has been built with the right shoulder being at 45.23. A break of that level would generate an objective of 50.46. The stock does have a bearish breakaway/runaway gap formation with the runaway gap being at 50.86, meaning that if a rally does occur up to the 50.46 level (now looking more probable than not), it would not be a longer term bullish sign. As such, and considering that for now it is unlikely that the index market will be making new lows, the probability is high that the stock will see this recovery rally occur. Any break below the recent low at 40.00 would negate this scenario.

PLNHF generated a 2nd uneventful inside week that did nothing to clarify the chart. The stock did close green but near the low of the week, suggesting that further downside below last week's low at 1.16 will be seen this week. Nonetheless, if that does occur but the recent low at 1.03 is not broken, it could become the needed/required retest of the low that could signal that a bottom has been built to this downtrend. Short-term pivotal resistance is found at 1.36.

QQQ generated a green week and did close above the 200-week MA, currently at 274.09, with a close at 275.42. The stock closed near the high of the day, suggesting further upside above last week's high at 277.21 will be seen this week. Short-term pivotal resistance is found at 284.18, which if broken would likely generate a rally up to the 303.50 level. This stock (and it's mother index) will be the recipient of most of the important earnings reports due out this week (AAPL, AMZN and GOOGL) and as such, the action seen will be dependent on what those reports say. Presently, some short-term pivotal intraweek support is found at 266.82.

SHOP generated a green week and closed near the high of the week, suggesting further upside above last week's high at 30.82 will be seen this week. The action seen does open the door for the previous week's low at 23.63 now becoming a bottom to the downtrend. Pivotal short-term resistance is found at 31.85, which if broken should confirm a bottom has been found. Nonetheless, such action would also require a weekly close above 30.11 to occur, to validate it all. Nonetheless, the company reports earnings Thursday morning and it will all be about the report and about how the indexes do after all the big reports this week are out. Short-term intraweek support is now found at 26.38.

VET generated a green week and a close on the high of the week, suggesting further upside above last week's high at 22.77 will be seen this week. The stock did go above the previous week's high, making the previous week's intraweek low at 20.06 into a successful retest of the 20-week low at 20.06, which was made 5 weeks ago. Pivotal resistance is now found at 24.01, which if broken would confirm that the chart is fulfilled to the downside and that some form of retest of the August high at 30.17 is to come. Any break below 20.06 would be a "balloon buster".

VNET made a new 4-week intraweek high and closed green but closed near the low of the week, suggesting further downside below last week's low at 4.88 will be seen this week. If that does occur and the bulls are able to stay above the recent 5-week low at 4.37, and then rally above whatever high is made this week, the chart will be fulfilled to the downside. Under that scenario, the traders will likely begin to key on accomplishing the 3rd (and hopefully last) retest of the 200-day MA, currently at 6.16. A confirmed close above that line would suggest a strong recovery rally is to occur. Any break below 4.37 would now be a big negative.

ZLAB made a new 20-week low and got down to an important and established intraweek support at 25.78 (got down to 25.85). The stock closed in the middle of the week's trading range, suggesting equal chances of going below last week's low at 25.85 or above last week's high at 31.82. Like with all Chinese stocks, the traders are waiting to see what comes out of China this week regarding any economic support actions that the now re-elected XI might announce tonight. If anything positive does come out, all Chinese companies are likely to rally and this one likely the most given the positive fundamentals surrounding the company. Any break below 25.78 would be a negative sign, while any rally above last week's high would be the opposite. No intraweek resistance is found until 38.10 is reached. Probabilities do favor the bulls but given that it is all about the political action of the government, it is impossible to ascertain what will actually occur.