ENG made a new 10 week low at 1.01 but then turned around to close near the high of the week, suggesting further upside above last week's high at 1.37 will be seen this week. The week's low at 1.01 did meet the chart downside target of $1, meaning that now it all depends on the earnings report that comes out on February 19th. It is likely that the stock will have a positive week this week with an upside target of perhaps as high as 1.58, which is where the 200-week MA is currently at. It is difficult to believe that the earnings report will come in worse than expected, suggesting that some form of an upside trend will be seen during the next couple of months. Closing above the 200-week MA would be a positive but not a game changer. Getting above 2.10 would be a game changer. I do need to remind everyone that this stock has a habit of generating spike up rallies of consequence. It has done it 6 times over the past 11 years. If that is the scenario now, 4.13 would be the likely target with some potential for 6.33 being reached. This has been the MO of this stock for quite a long time.

GCI generated a generally uneventful week but made a new 8-week intraweek and weekly closing low. Then again, the intraweek low was only by $.05 and the weekly closing low was only by $.02 cents, meaning that neither was a statement. The stock closed very slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 2.14 than going above last week's high at 2.40. The company reports earnings on February 22nd and it is not likely much will happen before then. With the small cap index leaning to the upside, the probabilities favor the stock getting up to at least the 200-day MA currently at 2.38, meaning that for this week, a trading range like between 2.12 and 2.38 is likely. Daily close support is found at 2.12.

INTC generated an uneventful inside week but did generate a green weekly close, as well as a close near the high of the week, suggesting further upside above last week's high at 43.52 will be seem this week. The stock is likely to get up to the 200-week MA, currently at 44.76, but on an intraweek basis, it could get up to 45.34, which is where the gap is. Consideration should be given to taking profits there, especially if the indexes are heading lower.

JD generated a negative reversal week and a close near the low of the week, suggesting further downside below last week's low at 21.62 will be seen this week. Having said that, it was actually an uneventful week, having traded just $.15 cents above last week's high and $.09 above last week's low and trading within the 20.82 and 24.15 trading range that it has been on for the past 4 weeks. This action seen has been mimicking the action seen in the Chinese index, meaning that what the index does, the stock is likely to follow. In both cases, the recent lows are likely to test the recent lows and if they are not broken, both are likely to rally the rest of the month. As such, the recent low at .20.85 should hold up (not get broken). Any rally above 24.15 would be a positive sign.

LXRX continued its upward climb, having generated a new 8-month intraweek and weekly closing high and appreciated 48% in value over the past 4 weeks. The stock closed on the high of the week and further upside above last week's high at 2.44 is expected to be seen this week. Intraweek resistance starts at 2.46 (minor) and up to 2.92 (decent). The 200-week MA is currently at 2.92, suggesting that is the max objective possible until the company reports earnings on February 29th. Support is now found at 2.08.

RBLX reported much better than expected earnings and rallied 18.2% from the low to the high of the week. Nonetheless, the bulls fell short in every aspect as they were unable to break a pivotal intraweek resistance at 47.20 (high of the week was 47.10) and more importantly, were unable to close above the most recent high weekly close at45.97, having closed at 44.40 on Friday. Having said the stock did close in the upper half of the week's trading range and that suggests that last week's high at 47.10 will be broken, meaning that a breakout can still occur. Nonetheless, there is established intraweek resistance between 46.05 and 46.25 that is unlikely to be broken on Monday, meaning that Tuesday's inflation report and the market's reaction to it, is likely to affect what the stock does the rest of the week. To the downside, the stock did gap up the morning of the report, from 40.70 to 42.93 and if that gap is closed, the bears will come back in. As such, 40.70 and 46.25 are two of the levels to watch closely this week.

SIMO reported better than expected earnings and did get an upgrade from JPMorgan where they give a $90 objective. The stock spiked up 8.4% in value. The stock closed on the high of the week, suggesting further upside above last week's high at 69.04 will be seen this week. There is no resistance above until 71.21 is reached. Above that level, there is open air to 74.10. On a daily closing basis, support will now be found at 64.99.

TOL generated a positive reversal week, having gone below the previous week's low and then closing green and near the high of the week, suggesting further upside above last week's high at 101.21 will be seen this week. Based on the daily chart, any intraweek rally above 101.98, followed up with a daily close above 101.03 would tend to take away some ammunition from the bears. On a weekly closing basis, that level is 101.32. Otherwise, the stock remains in a short-term bearish downtrend. Any daily close below 98.62 would further weaken the chart and pivotal daily close support is found at 95.98.

VWDRY generated an outside week, having made a new 7-week low, then going above the previous week's high. Nonetheless, it did give up half of its gains to close exactly in the middle of the week's trading range and at the same price it closed out the previous week, suggesting equal chances of going above last week's high at 9.65 as below last week's low at 8.86. Having said that, the week's low did need to be tested on the daily chart and that might have occurred on Friday as the stock dropped on Thursday and Friday but did close near the high of the day on Friday, meaning that if it goes above Friday's high at 9.31 on Monday, that low will have been retested successfully. Short-term pivotal resistance is found at 9.67 and then nothing until 10.17. The 200-week MA is currently at 9.92 and it is likely to be seen this week. A break below 8.86 would be seen as a negative.

Z generated a red week, meaning that the established weekly close resistance at 58.76 has now been retested successfully with the previous week's close at 57.42. In addition and last week, the stock had broken above another established weekly close resistance at 56.33 and did give a failure signal to that break with a close on Friday at 54.95. The stock did close near the low of the week, suggesting further downside below last week's low at 53.88 will be seen this week. Weekly close support is found at 53.50, which if broken would generate a downside objective of 47.42. On a daily closing basis, the pivotal support is found at 51.92, which if broken would give a minimum objective of reaching the 200-day MA, currently at 48.50. Daily close resistance is now found at 57.25, which if broken would likely negate the short-term bearish outlook. Any break above 59.40 would be a positive.

ZLAB continued lower, having made a new 6-year intraweek and weekly closing low. The stock has now lost 41% in value over the past 8 weeks and 13% of that last week alone. There has been no negative news that has come out, suggesting this recent drop is mostly chart oriented. In fact, the stock did get some potentially positive new news this past week, in the way of them being able to get an uncommitted facility letter for loans up to $100 million dollars from the Bank of China, as well as being chosen by Benzinga as one of 5 stocks being severely undervalued and oversold. There is established (though 9-years old) intraweek support at 17.85 (18.02 on a weekly closing basis), that could/should be reached this week as the stock closed on the low of the week and further downside below last week's low at 18.68 is expected to be seen. Given that the Chinese index is likely to go lower this week and then turn around, I expect the same thing to happen to the stock. On a weekly closing basis, the 22.72 level is now resistance. A rally back up to that level is a high probability. Thereafter, it will depend on the earnings report due out February 27th, as well as what the Chinese market does. This is a stock that can be given consideration for buying (or adding positions) on any move below last week's low and using a 17.65 stop loss. Keeping in mind that 22.72 is highly likely to be seen shortly, a purchase below 18.68, using a stop loss at 17.65, and having that objective, will offer a 4-1 risk/reward ratio.