CALM reported earnings this week and they were better than expected and as such, it generated a positive reversal week, which did change the chart outlook for the trade, meaning that it is likely the stock will head higher and break the established resistance at 57.95. As it is, the stock did hit the stop loss given at 57.35 this week with the high made at 57.70. I did not get out because the entry point was $.80 higher than where I gave the desired entry point, meaning that the risk/reward ratio was better than expected and because the stock had an additional and stronger resistance level above. Nonetheless, higher inflation, better earnings, high food prices likely to remain (or go up) because of all of this, it does suggest that giving consideration to covering the shorts on Monday should be considered. The stock closed at 57.32, meaning $.03 below the given stop loss point. If the stock opens there or lower, covering the shorts should be considered. If the stock opens higher, a stop loss at 58.05 should be used and because if that level is broken, the $60 level is likely to be reached. On the other side of the coin, there is an open gap at 55.97 that if closed on Monday, keeping the short position should be considered as well.

ENG generated a green weekly close and closed on the high of the week, suggesting further upside above last week's high at 1.44 will be seen this week. This move up above last week's high has made the previous week's low into a spike low that looks like a bottom. Upside target for this week is the 200-week MA, currently at 1.59. It will likely close out the week there as the traders await the earnings report that comes out on the 26th (a week from this Monday before the market opens). As such, that report will either give the bears new ammunition or give the bulls the ammunition to generate a spike up rally as the stock has a history of doing every 2 or 3 years. It will be all about the earnings report.

GCI generated an uneventful inside week, as well as an unchanged weekly close. 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 2.19 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 do favor the stock resuming its uptrend. Nonetheless, the chart will not be in play until after the earnings report comes out. At this point, any drop below 2.14 would be a short-term negative and any rally above 2.63, a tangible mid-term breakout.

GILD made a new 16-week low and closed on the low of the week, suggesting further downside below last week's low at 71.34 will be seen this week. Nonetheless, the 200-week MA is currently at 71.08 and there is intraweek support at 70.11 that at this time, it is unlikely to break. Getting down to the 200-week MA was expected to be seen but the stock remains overall undervalued and oversold and also has been rated as "sector perform" by RBC with a price target of $75. The chart does strongly suggest that a rally back up to 74.12 will occur but if that level is broken and a weekly close above 74.42 occurs, the target would then be $80-$81, which is the target given in the mention. A break below the $70 demilitarized zone would be a negative, which is why the stop loss is at 69.65. The probabilities do suggest this trade is a winner, with the question being "a small winner or a decent winner".

JD generated a positive week in which it generated a small failure signal against the bears, as well as a buy signal for the bulls. The stock on Friday closed above the previous low weekly close at 22.29 (small failure signal) and above the previous high weekly close at 23.83 (closed at 24.22 and gave a buy signal). This was all likely because the Chinese index also did much of the same. The bulls still need to do a bit more to generate a more believable bottom. The stock needs to generate a confirmed daily close, as well as weekly close next Friday, above 24.38 as that was a previous low daily and weekly close that held up for 3 months and when broken, brought about the new 4-year intraweek low at 20.82. A confirmed daily close, followed up with a weekly close above that level next Friday, would strongly confirm that a bottom to this downtrend has been found. If that happens, the 200-day MA, currently at 30.78 would become a target. There is decent resistance at 29.29/29.27 that would likely stop the first attempt at reaching the line but sooner or later that line would likely be reached if the failure signal is given this week. In looking at the weekly chart, it suggests that the $40 level will be reached if a bottom has been found and the monthly does leave the door open for a rally as high as $50. As such, adding additional shares should be considered if all of the above happens.

LXRX rallied 56% in value from the previous week's close to the high seen last week and appreciated in value 33%, based on the weekly "closes". There was no new news to support this rally other than the fact that there is a very positive long term outlook for the stock (some analysts have predicted the stock will get up to $8 by the end of 2024), as well as some new and strong chart signal being given this week. To begin with, there was no established intraweek resistance until the 2.92 level was reached. With the stock closing positively at 2.39 the previous week, the 2.92 level became the objective. Once 2.92 was broken, there was open air above to 3.50 and the 3.92. All of those were broken, except the latter one, that represents a pivotal longer-term resistance of consequence. Nonetheless, the stock gapped up on Wednesday from 2.99 and there was no news to support the gap, meaning that when the bulls were unable to get above 3.92, closure of the gap became a magnet. There is intraweek support at 2.80, that based on what the stock did this past week, is likely to hold up and a return up to 3.50 is likely to be seen thereafter. By the same token, this stock has moved straight up from 1.24 to 3.73 (more than a 200% rally) and has done it without building any support on the way up. The 200-week MA is currently at 2.90, and the stock closed above it (a break of the major long-term downtrend) and as such, is likely to retest the break and likely close around that line next Friday. If that does occur and the retest of the line is successful, the bulls will come back and give a new attempt to get above the 3.92 pivotal resistance that if broken, offers open air to 5.33 and possibly up to $6. A break below 2.80, followed up with a close below the 200-week MA on Friday would be seen as a negative.

RBLX bulls were unable to generate any follow through to the upside this past week even though the stock closed on the high of the week the previous week, due to the better-than-expected earnings report. The stock did close red and in the lower half of the week's trading range, suggesting further downside below last week's low at 41.53 will be seen this week. The red weekly close makes the previous week's close at 44.40 into a successful retest of the established and decent weekly close resistance at 45.97. Based on the action and news of the past couple of weeks, it does suggest that at best, the stock is moving sideways with support found around the $39 level or that a small downtrend will now begin with a downside target of $35. On a daily closing basis, the 44.87 level is now pivotal resistance. To the downside, there is support at 42.13 but if broken, the next support is found at 38.69. By the same token, a break of the 42.13 level would make the 200-day MA, currently at 37.03 into a bit of a magnet. Overall, it does seem that the bears presently have the edge.

SIMO generated a mostly uneventful week, having generated a small trading range week of $2.16 (compared to the previous week's $5.79) and closed unchanged and in the middle of the week's trading range, suggesting equal chances of going above last week's high at 69.48 or below 67.32. Having said that, the Chinese index market is expected to go higher this week and there is no established resistance above until the 71.21 level is reached. To the downside, there is minor but likely short-term support at 67.32, which if broken would offer a drop down to $65. Overall though, the bulls have control and JPMorgan did give a $90 objective just 2 weeks ago.

TOL generated a wild week due to conflicting fundamental reports, given that on a positive news, the company did sign a new deal to build additional housing but on negative news, the housing report showed a bit of a slump. The stock had a $7 30 trading range from high to low and did make a new 7-week intraweek high in the process. Nonetheless, the bulls fell short of making a new all-time high given that the high for the week was 105.85 and the all-time high is 105.91. Subsequently and after the negative news came out, the stock fell back to close in the lower half of the week's trading range, suggesting further downside below last week's low at 98.55 will be seen this week. In addition, the bulls did make a new all-time daily closing high, having generated a close at 105.43 on Monday (previous high was 105.18) but then generated a failure signal the very next day and then also generated a successful retest of that high with a close at 104.18 on Thursday and a red close on Friday. Short-term pivotal daily close support is now found at 100.03 and midterm pivotal at 95.98. Nonetheless, the chart does suggest that if the stock does go below last week's low, that it will trigger new selling interest and therefore a correction likely begin, with a downside target of $85, or even $82, which is where the 200-day MA is currently at. On an intraweek basis, the 104.27 level seems to be pivotal to the upside, just as the 100.03 is pivotal to the downside.

VWDRY generated an uneventful inside week but did close near the low of the week, suggesting further downside below last week's low at 8.90 will be seen this week. On a slightly positive note, the weekly close support at 8.98 did hold up as the stock closed at 9.00. Having said that, the bears do have a bit of an edge right now and the 200-day MA, currently at 8.52, beckons. It is possible and perhaps even likely that level will be reached this week but it is a level where new (or additional) purchases can be made with at least an upside target of 10.18. The monthly chart does show some support at 8.77 that could hold up. On the monthly chart, the outlook is still quite bullish with an overall target of 12.31 to be reached within the next 3-6 months.

Z generated a negative reversal week, having made a new 2-year intraweek high after the earnings report came in better than expected but then reversing to close red and in the lower half of the week's trading range, suggesting further downside below last week's low at 52.60 will be seen this week. The down move came after the Housing starts report came in lower than expected. A drop below 52.60, which is short-term pivotal support, will leave the 50.60 low as the only recent intraweek support below. Below that, the 200-day MA is currently at 48.83. Nonetheless and in looking at the intraweek chart, a break below 49.03 would generate open air below until the $43-$44 level is reached. Intraweek resistance is now found at 57.19 and at 58.32. The Housing starts report will keep the bears with ammunition, meaning that at this time the possible trading range is between $49 and $58 with more potential for further downside (than further upside) above or below those levels.

ZLAB generated a positive reversal week, having made a new 5-year intraweek low and then turning around to close green and near the high of the week, suggesting further upside above last week's high at 21.10 will be seen this week. It does need to be mentioned that the stock has not traded at these prices since 2018, where it traded with a high of 27.34 and a low of 14.29 for a period of a year. During that year though, 95% of the trading occurred between 17.85 and 25.85, suggesting that this positive reversal does have a $25-$26 objective with the next 3-5 weeks. The stock does report earnings on February 27th and based on everything that I have read, the stock is severely underpriced and as such, the earnings report is more likely to be a positive catalyst than a negative one. Having said that and looking at the daily chart, the immediate objective for this week is likely to be the 22.72 level. To the downside, the stock did gap up between 18.18 and 18.57 and that gap is a magnet unless a second gap occurs first, making it a breakaway/runaway gap formation. There is presently no news to support such a formation occurring but then again, the stock is so severely underpriced that on that alone, such a formation could occur and be valid. Either way, it is probable that a bottom to the downtrend has been found and that further upside will be seen from here on in. Any daily close above 22.72 would open the door for a rally up to the $26 level.