DOW generated an inside red week but closed in the upper half of the week's trading range, suggesting further upside above last week's high at 58.48 will be seen this week. The stock did get down to the daily close support at 56.11 with a low last week at 55.85 and a close at 56.60 and having successfully tested that level, the bulls remain with short-term control. There is a small mountain of daily close resistance at the $60 demilitarized zone but there is an open gap up at 61.86 that will be targeted for closure. Nonetheless, the company reports earnings on Thursday and that will likely determine what the stock will do thereafter. A daily close below 56.10 would open the door for a drop down to as low as 52.76.

ENG generated a totally uneventful inside week in which the stock traded in a very small $.05 trading range and closed exactly at the weekly close resistance area at .865. As such, there are no new comments that can be made about last week's action. The company does not report earnings for another 2 weeks, so there are no catalytic events on the immediate horizon. Nonetheless, the weekly close was green and that means that a bottom formation has been built, which would require negative news to negate. By the same token, a daily close above .88 is still required to confirm the bottom formation. If that occurs, the 1.10 level will become the objective. Any daily close now below .77, will be a negative sign.

LI generated another relatively uneventful week but did go below the previous week and did close red, but then closed in the upper half of the week's trading range, meaning that it was more of a base/support building week than anything else. Pivotal short-term weekly close resistance is found at 22.78 (closed on Friday at 22.06), which if broken would give at 26.93 objective. Any daily close below 20.93 would be seen as a failure and give the edge back to the bears.

PLNHF generated a negative reversal week, having made a new 5-week intraweek high but then closing red and on the low of the week, suggesting further downside below last week's low at .897 will be seen this week. The 1.03 level was the minimum upside objective and it was reached this week as the stock made a 1.05 high. With the negative reversal, it does mean that a retest of the recent low at .61 is now likely to occur. It is also a required move down as it was a major low that does need some form of retest before new buying comes in. There is no support below on the weekly or daily chart but on the intraday chart, there is support between .84 and .85, suggesting that is the objective this week. If all of that occurs, the 1.05 intraweek resistance will before pivotal. Two daily closes in a row above 1.06 this week would also be seen as a bull statement.

SHOP generated another green weekly close (the 4th in a row) and closed near the high of the week, suggesting further upside above last week's high at 41.03 will be seen this week. There is weekly close resistance at 40.68 that is short-term pivotal. Nonetheless and in looking at the intraweek and daily closing charts, the bulls were able to make a small statement, having broken above one intraweek resistance level at 40.68 and close above a small mountain of daily close resistance at the $40 demilitarized zone. In addition, the week's low at 37.91 can be seen as a successful retest of the 200-day MA, currently at 36.62, especially since that low was made on Thursday and the stock went above Thursday's high on Friday. Simply stated, the bulls seem to have the edge at this time and considering to covering the short positions should be made, especially on any break of last week's high at 41.03.

TXT generated a new 11-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 66.37 will be seen this week. Nonetheless, the stock gapped down on Thursday and did generate a green close near the high of the day on Friday, suggesting the gap at 68.25 will be closed this week. There is intraweek resistance of "some" consequence at 68.79, which if not broken as the gap is closed, would bring in new selling interest. The 200-day MA, currently at 65.84, should be the minimum downside objective this week. On the other side of the coin, any daily close above 69.28 would take away the ammunition the bears gained this week. Such action would be a reason to consider taking the profits made. Overall and in looking at the weekly chart, the $62-$64 level remains viable as the mentions objective.

VET generated a 2nd green weekly close and a close in the upper half of the week's trading range, suggesting further upside above last week's high at 16.14 will be seen this week. Nonetheless, the action remains disappointing given what the bulls were able to do with Oil this past week, which should have been enough to generate a rally close to the $17 level. The $17 level remains a high possibility of being reached but further upside above that level (up to the $20 level) is now less likely than it was before last week's action. Nonetheless and on a positive note, a successful retest of the recent lows has now been accomplished on the daily chart and any daily close above 17.01 would keep the door open for further upside. A daily close above 17.97 would suggest the $20 level would be reached. Any daily close now below 15.03 would give the bears new ammunition.

VNET generated a new 9-month weekly closing high and closed in the upper half of the week's trading range, suggesting further upside above last week's high at 6.83 will be seen this week. By the same token, the stock generated a negative reversal day on Friday and a close on the low of the day, suggesting the first course of action for the week will be to the downside and below Friday's low at 6.43. Downside objective could be as low as 5.95. Overall though, the bulls are presently in control given that the 200-day MA was broken to the upside 17-days ago and the stock has maintained itself above that line since. Intraweek resistance is found at 6.92, at 7.28, at 7.60 and at 7.94. Any daily close above 7.94 would open the door for a rally to the $10 level. Any daily close below 5.48 would negate all the recent gains and turn the stock negative.

X generated a negative reversal week, having made a new 37-week intraweek high and then closing red. Nonetheless and in spite of the red weekly close, the stock closed in the upper half of the week's trading range, suggesting a higher probability of going above last week's high at 28.91 than below last week's low at 27.25. There is minor to decent intraweek resistance at 29.97 and decent at 30.57. As with the big 3 Tech stocks, the company reports earnings on Tuesday February 2nd. Any daily close above 29.45 or a weekly close above 28.98 would be a bull sign. Any daily close below 27.20 would be a short-term bear sign.

ZLAB generated a 2nd uneventful inside week but did generate a red weekly close, suggesting the bulls need further news or help in other to break the pivotal weekly close resistance at 48.80 (closed at 45.58 on Friday). Nonetheless and also for the 2nd week in a row, the stock closed in the upper half of the week's trading range, suggesting further upside above last week's high a 47.00 will be seen this week. Intraweek resistance is found at 49.81 and midterm pivotal at 53.95. The stock has now traded for 11 days in a row above the 200-day MA and does show a bull flag formation (flagpole being the rally from 28.19 to 49.91 and the flag the trading range down to 40.22) that if broken, would offer a 61.84 objective. It is important to note that the chart does show important intraweek resistance from February 2020, at 63.95, meaning that the flag objective is more than viable. It is a clear objective based on a breakout of resistance, especially if the 53.95 level of resistance is broken. Evidently, the 40.22 level is now pivotal intraweek support.