ATNI generated a new 10-week intraweek and weekly closing low and did close near the low of the week, suggesting further downside below last week's low at 35.03 will be seen this week. There is still important support at 35.03 and the 15-month low at 34.74, meaning that the action last week was not yet a back breaker. Nonetheless, last week's action has put the bulls on a defensive posture for this week as a break of these 2 remaining supports would cause the stock to go down to at least the 32.07 level, which is a 11-year low support. Short-term pivotal resistance is now found at the 37.19 level. The stock does report earnings on Wednesday July 26th.

ENG made a new 4-week intraweek high and did generate a failure signal against the bears, as well as a buy signal, on the daily closing chart. Nonetheless, that was not confirmed on the weekly chart as it needed to close above .403 to generate a failure signal on that chart and ended up closing at .391. By the same token, the stock did close in the upper half of the week's trading range, suggesting further upside above .447 will be seen this week. If the stock generates a green daily close on Monday, it will also show a successful retest of the now new support level on the daily slosing .394 and if that is followed up with any daily close during the week above .427, a short-covering rally will likely ensue. This whole area around the .40 level has been pivotal support and resistance area on 6 different occasions over the past 3 months.

LXRX mimicked the previous week's trading range between 2.18 and 2.38 with a trading range this week of 2.19 and 2.38. The stock generated a red weekly close but only by $.01 cent, meaning that the weekly close support at 2.21 was not broken. As such, it can be said that the week was a throwaway week. Nonetheless, the stock did close red and near the low of the week's trading range, suggesting further downside below last week's low at 2.19 will be seen this week. A drop below 2.19 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.

PAAS generated a spike rally week, having appreciated 12.4% from the previous week's close. The stock closed near the high of the week and further upside above last week's high at 16.17 is expected to be seen this week. The objective of the mention was the 16.32 level and that will likely be seen/reached this week. Nonetheless, the way the stock got up to this level (in a spike up type fashion) does suggest further upside will be seen with 16.74 now being highly likely to be reached but 16.98 to 17.48 being a possibility. I do plan to take profits if any of those areas are reached. There is one thing that does need to be watched this week (which could change the outlook to a more bullish one) and that is that the stock gapped up this week from 14.83. If that is followed by another gap, especially if above the 200-day MA, currently at 16.36, it would open the door for a rally up to 17.48. Closure of the gap at 14.83, would be a negative at this time. PLNHF did nothing this past week, having traded in a $.02 trading range. The stock closed at .58, which continues to be in the middle of a trading range (between .52 and .63) that has been in place for 10 weeks. Pivotal intraweek resistance is found at .63. Intraweek support remains at .52.

TCEHY made a new 4-week intraweek and weekly closing high and closed near the high of the week, suggesting further upside above last week's high at 45.53 will be seen this week. Nonetheless, the bulls will be facing a short-term pivotal resistance level at 46.46 that will need to be broken this week if further upside on a short-term basis is to occur. Nonetheless, the stock is now showing a successful retest of the recent low at 38.88, meaning that the probabilities do slightly favor the bulls for a mini breakout. Short-term pivotal intraweek support is now found at 41.08. As such, a stop loss should now be placed at 40.98. A break above 46.46 could open the door for the stock to rally up to the 56.00 level over the next 3-6 weeks.

TNC failed to follow through to the downside and did generate a recovery rally where 3% of the previous week's 5% drop in value was recovered. The stock did close near the high of the week, suggesting further upside above last week's high at 79.92 is expected to be seen this week. There is intraweek resistance at 80.52, which should not be broken if the previous week's drop was valid. Any daily close above 80.13 would be a positive, while any daily close below 77.26 would generate further selling interest.

TOL is in a runaway mode to the upside with a likely target of $84 (closed on Friday at 83.53). The price target is the average of all the rating companies price targets for the rest of the year, which run between a low of $57 and a high of $100. The Housing Starts and Building Permits report comes out on Wednesday morning and that could have an impact on the stock, as to whether a correction occurs or further upside is seen. Probable downside objective on a correction is the $75 level as 74.61 was the previous all-time high daily and weekly close and a retest of that level is likely to happen on any corrective phase.

VET generated a negative reversal week, having made a new 12-week high but then turning around to close red and on the low of the week, suggesting further downside below last week's low at 12.73 will be seen this week. One of the reasons for the negative reversal is that Natural Gas did not generate any breakout such as Oil did, and that kept the stock from breaking above the intraweek resistance at 13.99 (high last week was 13.85). Nonetheless, the recent mini breakout was not negated as the bears need to generate a confirmed daily close below 12.53 and the stock closed on Friday at 12.77. Oil is likely to go higher and Natural Gas is not likely to go down, meaning that further upside is likely to be seen in the stock, after this mini breakout is confirmed this week with a successful retest of the breakout level.

VWDRY rallied 8.4% above the previous week's close and in the process, generated a buy signal on the daily closing chart as well as a failure signal against the bears on the weekly closing chart. Adding to all of that, the stock closed above the 200-day MA for the first time in the past 15-trading days, which was a line that the stock had traded above since November and had broken below it on June 23rd. All of this action does strongly suggest that the low of this correction has been found and that further upside will be seen for the next few weeks. The stock did close in the upper half of the week's trading range, suggesting further upside above last week's high at 9.36 will be seen this week. On an intraweek basis, there is no resistance until 9.86 is reached. Nonetheless, on a weekly closing basis, the 200-week MA is currently at 9.57 and that is not likely to be broken until the earnings report comes out on August 9th. Intraweek support is going to be found between 8.77 and 8.80, which is further strengthened by the 200-day MA, currently at 8.87. As such and until that earnings report comes out, the stock is likely to trade between 8.80 and 9.80.

ZLAB generated a red week and did close slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 26.96 than above last week's high at 29.26. There has been no negative news on the company and therefore, this action is mostly chart related. If the recent intraweek low at 24.94 is not broken, the action seen last week will likely end up being the necessary/required retest of that low, which was a 34-week low. The stock did generate a close on the high of the day on Friday, suggesting the first course of action on Monday will be to the upside. Short-term pivotal resistance is now found at last week's high (29.24) and confirmation of a successful retest of the low will come on a rally above 31.30. Any daily close below 25.79 would weaken the chart once again.