AMZN continued its uptrend, having made a new intraweek rally high. Nonetheless, the stock did generate a negative reversal week, having gone above the previous week's high and then going below the previous week's low and then closing red. Nonetheless, it was not a convincing reversal given that the stock went above and below the previous week's range by a very small amount and then closed very slightly in the upper half of the week's trading range, suggesting a very slightly higher chance of going above last week's high at 131.85 than going below last week's low at 127.37. The 200-week MA, currently at 132.55 remains a very difficult obstacle to break, especially now that the economic picture did not improve with last week's economic reports. Minor support is found at 123.85, and again and a bit (not much) stronger at 120.80. Below that, there is open air to 105.35, which is the objective of the mention. To the upside, pivotal resistance is found at 136.49.

ATNI generated a new 9-week intraweek and weekly closing low and did close near the low of the week, suggesting further downside below last week's low at 35.65 will be seen this week. There is still important support at 35.03 and at 34.75, which is he 15-month low. As such, last week's action was not decisive or even indicative to any great extent. Nonetheless, last week's action has now made the 37.19 level into short-term pivotal support. This means that the stock now has a trading range of no more than $2.43, from which some indication of note occurs.

CAT generated a negative reversal week, having made a new 3-week high and then closing red. Nonetheless, the negative reversal was not convincing as the stock closed in the upper half of the week's trading range, suggesting a higher chance of going above last week's high at 248.38 than below last week's low at 238.89. Pivotal intraweek resistance is found at 250.89 that should not be broken. If it is not broken and the stock turns down, the stock will then have a successful retest of the rally high, which in turn would bring new selling interest if it all happens. Support is now found at 231.28, if that is broken, a drop down to 225.26 would then likely be seen.

ENG made a new 12-week intraweek and weekly close and closed slightly in the lower half of the week's trading range, suggesting a slightly higher chance of going below last week's low at .33 than going above last week's high at .389. The bulls need to generate a daily close above .43 or a weekly close above .40, in order to generate any new buying interest. Pivotal support remains at .30.

LXRX generated an uneventful inside week but did close red and near the low of the week's trading range, suggesting further downside below last week's low at 2.18 will be seen this week. Nonetheless, the bulls failed to break the weekly close support at 2.21 (closed at 2.22), meaning that recovery is still possible. A drop below 2.18 but not below the recent low at 2.08, followed by a green weekly close next Friday would suggest that a bottom to this correction has been found. Short-term but strongly pivotal resistance is found at 2.38, which is the most recent intraweek high but also represents the 200-day MA, currently at 2.36.

PLNHF continued to trade in a trading range (between .52 and .63) that is meaningless. In addition, the stock did close in the middle of the week's trading range, suggesting equal chance of going below last week's low at .54 than above last week's high at .61. On a slightly positive note, the stock made the week's low on Friday and then reversed to close near the high of the day, suggesting the first course of business for the week will be to the upside. In addition, the small cap stock's index (the RUT) did have a positive week, suggesting that perhaps buying will start to be seen on small cap stocks. Pivotal intraweek resistance is found at .63. Intraweek support remains at .52.

TCEHY generated a positive reversal week, having made a new 5-week low but then turning around to close green and near the high of the day, suggesting further upside above last week's high at 43.48 will be seen this week. If that does occur, last week's low will become the needed/required retest of the recent multi-week low at 38.88. Short-term pivotal resistance is found at 44.71 and pivotal resistance is found at 46.46, which if broken would confirm that a bottom to the correction has been found.

TNC dropped 5% in value this past week and in the process, generated a sell signal on both the daily and weekly closing chart. The stock closed near the low of the week, suggesting further downside below lat week's low at 77.07 is expected to be seen. With the downside action seen, the bullish flag formation that was in place has now been negated and now, there is open air below until 74.68 is reached. Pivotal intraweek support is found at 72.60. Last but not least, the stock gapped down on Thursday and there was a gap up made on June 7th, meaning that there is potential for a bearish island formation to have been created. If nothing else, the gap up from 78.22 to 78.46 (which was a runaway gap) has been closed, meaning that the breakaway gap down at 74.45 is now a target for closure. Any daily close above 79.35 would likely take away the edge that the bears obtained this week.

TOL generated a negative reversal week, having made a new all-time intraweek high at 79.90 and then turning around to go below the previous week's low. The stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 75.31 is expected to be seen this week. Nonetheless and in spite of the negative reversal, no sell signals or failure signals were given, meaning that further downside of any consequence is not yet "in the cards". By the same token, a drop down to retest the previous all-time daily and weekly closing high 74.61 does seem to be a high probability at this time. With the stock closing on Friday at 76.81, a further drop of at least 2% is "in the cards". Any confirmed close below 74.61 would open the door for a drop down to $67-$68 level. If the stock does get below 75.31 at the beginning of the week, the 77.93 level will become short-term pivotal resistance.

VET made a new 10-week high this past week and did close on the high of the week, suggesting further upside above last week's high at 13.02 will be seen this week. A new buy signal was given on both the daily and weekly closing charts and given that the 19-month low at 10.75 (made in the last week in June) has been tested successfully, this breakout is dependable. The next level of resistance, on a daily closing basis, is found between 13.58 and 13.77. Nonetheless and looking at the monthly closing chart, the upside objective of this recovery action suggests that at least a move back up to the 16.29 should be seen. The weekly closing chart suggests that a move back up to the $18 is a likely scenario, to be seen over a period of 3-6 months. Any intraweek break above 16.83 would suggest the 18.01 level would be seen over a period of 3-6 weeks thereafter. Intraweek support is now found at 11.93. Any break below 11.55 would negate this chart picture.

VWDRY generated another new 8-month intraweek and weekly closing low and closed slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 8.48 than above last week's high at 8.81. The chart does suggest the stock will continue lower with a downside objective of 8.08 before any recovery of consequence occurs. Nonetheless, that level is an intraweek support that is well established and unlikely to break, given that the fundamentals of the company in the green energy market are highly positive. At this time, decent-and-unlikely-to-be-broken-anytime-soon resistance is found between 9.31 and 9.45. As such, the stock is likely to be in an 8.08 to 9.31 trading range for the next 2 months.

ZLAB made a new 4-week intraweek high and a new 3-week weekly closing high but did end up closing in the lower half of the week's trading range, suggesting a higher probability of going below last week's low at 27.88 than above last week's high at 31.31. There is intraweek support at 27.08 that should hold up given that a buy signal on the daily closing chart was given this past week. Such a buy signal suggests the downside is over. It does need to be mentioned that on the daily chart, enough has been done to the downside that a rally from here would not be a surprise. As such, it the stock gets above 31.31 this week, there is mostly open air up to the 200-day MA, currently at 34.30. Pivotal support is found at 24.98 and pivotal resistance is found at 37.92.