CLF made a new 28-week intraweek low and did trigger the stop loss. at 14.14. Nonetheless and due to the debt ceiling problem causing the break, I kept the positions. The stock then rallied to close at 14.36, which is just slightly in the lower half of the week's trading range, suggesting equal chances of going below last weeks low at 13.82 or above last week's high at 15.02, with the latter being more probable due to the debt ceiling agreement. The stock did confirm the break of the 200-week MA, currently at 14.94, as well as the retest of that break the previous week, meaning that the chart picture presently is negative. This means that the bulls "need" to rally this week, get above 15.05, and close next Friday above 14.96 or the chart picture will be confirmed as negative and liquidation should then occur. Any daily close above 15.37 would confirm that further upside is to be seen, while any daily close this week below 14.19 would confirm the opposite. It is a decisive week.

ENG generated a new 8-week intraweek and weekly closing high and did close in the upper half of the week's trading range, suggesting further upside above last week's high at .52 will be seen this week. There is intraweek resistance at .58, which is the level where the stock was trading at before the worse-than-expected earnings report came out that took the stock down to the .30 level. As such, if that level is broken, it will mean that the negatives of that report have been erased. If that does happen, it is smooth sailing up to the .74 level. Next pivotal resistance would then be at .8176. Pivotal intraweek support is now found at .37.

LXRX had a positive week in which all the downside seen the past 3 weeks was erased. By the same token, the stock closed on Friday at a pivotal level (3.17) which represents a previous high weekly close of importance, as well as where the 200-week MA is currently at. What this means is that the action "this" week will likely be short-term decisive. The bulls need to generate a green close next Friday and if they do, the uptrend seen previously will likely resume. A red close next Friday would suggest further downside below the recent intraweek low at 2.80, is to come. On a daily closing basis, resistance is found at 3.43 and highly pivotal at 3.49. A confirmed daily close above the latter, will offer a rally objective up to the $5 level. Any daily close below 2.87, would be a negative.

PLNHF continued to make new all-time lows while at the same time, expanding fundamentally. The company announced last week that for the first time in their existence, they had gone into other markets (other than California) and expanded into Arizona, Michigan, Nevada and Oklahoma. As such, the potential market for their products has grown. There has been no negative news on the company. Nonetheless, there has been no new buying interest seen either. As far as the chart is concerned, the .60-.61 level on both the daily and weekly closing charts is resistance. If broken, it would generate a failure signal against the bears, suggesting a bottom has been found. To the downside, there is no established support but the .50 level is psychological support.

SNDL generated a negative reversal week, having made a new 13-week high and then closing below the previous week's low, suggesting further downside below last week's low at 1.52 will be seen this week. There was no new news on the company itself to cause this reversal, suggesting that like with PLNHF, this move down is due to the Cannabis industry still experiencing overall weakness. In fact, on May 24th (4 days ago), a Cannabis legalization amendment was blocked by Congress, suggesting that it was the cause of the weakness seen this week across the board on all companies in that industry. As far as the chart is concernded, there is a large amount of support found at the $1.50 demilitarized zone (1.47-1.53), which should stop further downside. If it doesn't and 1.46 is broken, the April low at 1.29 is likely to be tested. Last week's high at 1.98 is now pivotal resistance.

TCEHY made a new 21-week intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at 40.34 will be seen this week. On a small positive note though, the stock broke the 200-day MA (currently at 41.20) on Thursday with a daily close at 40.42 but negated the break on Friday, having closed at 41.25. The Chinese market did go down additionally today and it is likely that the stock will get down to the $40 level on Tuesday. Nonetheless, unless 39.34 is broken, the probabilities do favor the bulls over the bears at this price. Pivotal daily close resistance is found at 42.30. A daily close above that level would ease the selling pressure and give the bulls some new ammunition. Midterm pivotal resistance is found at 44.80.

VET generated a new 18-month intraweek and weekly closing low and closed near the low of the week, suggesting further downside below last week's low at 11.31 will be seen this week. In addition, the stock generated a negative reversal week, having gone above the previous week's high but then going below the previous week's low and closing red. All of these chart factors are quite negative. Nonetheless, Natural Gas has built a double bottom and has held itself above it for the past 7 weeks and it does seem that both it, and oil, are more likely to head up rather than down for the next few weeks. In addition and with the stock itself, the 3 new lows made over the past 4 weeks have been minimal, with lows at 11.35, at 11.34 and last week at 11.31, suggesting the bears are having trouble pushing the stock down. As has been the case for the past 14 weeks, the 200-week MA, currently at 12.12, has been in play most every week, with 7 closes above the line and 4 closes below the line. At no time during this period, has either side been able to make a solid break. A daily or weekly close above 12.12 would give the bulls a slight edge, while an intraweek break above 12.96, giving the bulls some short-term control. On the negative side, there is no support below until the $10 level is reached, meaning that if the bears are able to get below 11.31 by more than 10-15 points this week, it is likely the stock will head down to that support level and the bears make a solid statement of control.

VWDRY was unable to break above the $10 demilitarized zone for the 12th time over the past 25 weeks, with the bulls being unable to generate follow through to the upside after the stock saw a high the previous week at 10.18. The stock generated a down week and a close near the low of the week, suggesting further downside below last week's low at 9.48 will be seen this week. The 200-week MA is currently at 9.43 and the stock has been able to close above the line on 21 of the past 25 weeks, strongly suggesting that the bears need negative news to change the generally upward direction the stock has been on for the past 8 months. By the same token and during the past 25 weeks, the uptrend that started in October has stalled and the action has been sideways since then. The areas to watch is 8.77 and 10.77 (on an intraweek basis). Any break above or below those 2 levels would be indicative. Otherwise, the trend remains sideways.

ZLAB did not follow through to the downside this past week in spite of it closing on the low of the week the previous week. as well as the Chinese market heading lower as well. The stock did generate a rally above the previous week's high and did close green but it closed on the low of the week, suggesting further downside below last week's low at 31.77 will be seen this week. It is evident by the action seen this past week that the $30 level is important (if not major) support. The stock has been below 32.50 on 10 of the last 12 weeks and yet the low for that period of time has been 30.14. At no time during this period, have the bears been successful in breaking the $30 level of established support. At present, a rally above 35.45 or a drop below 29.70 would be indicative.