AAPL generated a negative reversal week, having made a new all-time high at 237.22 and then going below the previous week's low and closing red. The reversal came very close to being a "key" reversal, having gone below the previous week's low but the bulls being able to close slightly above the previous week's low (low the previous week was 23.35 and it closed at 224.33). The stock did close near the low of the week and further downside below last week's low at 222.27 is expected to be seen this week. The action does seem to suggest that an exhaustion top has been found, given that the stock went up 3% above the previous week's close and there was no news to support such a strong rally at the beginning of the week. The stock did gap down on Wednesday and if another gap happens on Monday, a breakaway/runaway gap formation may have been built, which will give the bears added ammunition. As it is right now, there is open air below on the intraweek chart until 210.30 is reached, meaning that if it does go below last week's low, a drop down to that level will likely be seen. To the upside, the gap up at 232.33 is a magnet but there intraweek resistance at 233.08 that is not likely to be broken, meaning that is probability the most the bulls could achieve even if a recovery rally occurs.

BABA did not follow through to the upside and ended up having an inside week and a red weekly close on the low of the week, suggesting further downside below last week's low at 75.18 will be seen this week. The weakness seen was likely due to the weakness in the Chinese index and that index is likely to go lower this week. Nonetheless, the downside objective of the index is limited, meaning the downside may be seen early in the week, followed by recovery the rest of the week. The stock did close on Friday below the 200-day MA, currently at 76.49. That is a short-term negative as the bulls had established themselves above the line for the past 7 days. There is pivotal intraweek support at 72.95 that should not be broken unless the bears have seized back control. Once again, pivotal intraweek resistance is found at 78.34. A break of that level will give the bulls back the edge. The chart suggests that on a daily closing basis, it will trade between 73.35 and 76.39 for the first couple of days of the week and then based on what the Chinese index does, a breakout or a breakdown will occur, with the former being the probability.

DSGR rallied 9% above the previous week's close but then fell back to close still green but in the lower half of the week's trading range, suggesting further downside below last week's low at 31.01. The stock closed at a minor to decent weekly close resistance at 31.95 (closed at 31.88) and if a red weekly close occurs on Friday, and the indexes go lower (as it seems they will), the bulls may be at risk of losing the edge they have had the past 2 weeks. One very important thing to watch is the 31.11 and 31.17 levels (on an intraweek and on a daily closing basis. The former is the now established intraweek support (given the breakout seen last week) and the latter is the 200-day MA. If the bulls still have strength, those two levels will hold up. If they have lost the edge, the 29.66 level will become the short-term downside target and the stock will be at risk of even breaking down from there. I will be considering liquidating the positions if the stock breaks those two support levels at 31.11 and 31.17.

INTC generated negative reversal week that also came close to being a key reversal week, having almost closed below the previous week's low at 32.82 (closed at 32.96). The stock fell 11.3% from the high of the week and what is even more important is that the high of the week was exactly where decent intraweek resistance is found (intraweek resistance is found at 37.19 and the high of the week was 37.16). The stock has gone up to that resistance on 2 occasions and then dropped down to 31.38 the first time and down to 32.18 the second time. Three weeks ago, the stock generated a weekly gap up based on the strength in chip stocks at that time. Nonetheless, that chip stock strength has evaporated (as seen by the drop in the NASDAQ) and as such closure of the gap (at 32.34) is likely to occur. It is an important week for the stock as the recent breakout occurred when the stock generated a daily close above 32.10. As such, a daily close below 32.10 will be reason to consider liquidating the long positions. If not broken, the bulls might get enough ammunition to recover and even go up to the $40 level over the next few weeks.

JD did not follow through to the upside and ended up going below last week's low and closing red and on the low of the week, suggesting further downside below last week's low at 26.07 will be seen this week. The action seen was likely due to the Chinese index heading lower. Having said that, the stock has basically traded sideways between 25.57 and 29.07 for the past 4 weeks, in spite of the fact that the Chinese index has gone mostly down during this period of time. This likely means that "more of the same" will occur this week. Evidently, a break below 25.57 would further weaken the chart and a drop to 24.66 of even down to 24.06 could be seen. Anything below 24.06 though, would change the chart to the bears being in control. To the upside, any daily close above 27.00 would give the bulls back the short-term edge. With the Chinese index likely to find support that will hold up this week, the possibilities do slightly favor the stock not breaking 25.57 and closing green on Friday.

LXRX rallied 28% over the past two weeks but even though it generated a green weekly close on Friday, the stock closed on the low of the week, suggesting further downside below last week's low at 1.95 will be seen this week. Evidently the selling seen at the end of the week had to do more with the small cap index doing the same by going substantially higher but then giving up most of the gains. Having said that, the stock remains in breakout mode with the daily close breakout level being at 1.94. A confirmed daily close below that level will erase the recent gains but any green daily close this week (without the 1.94 level being broken) would suggest this move down was simply a normal retest of the breakout level. Any daily close above 2.09 would be a positive and any daily close above 2.23 would mean the uptrend continues.

PYPL generated a negative reversal week, having made a new 5-week high and then closing red and near the low of the week, suggesting further downside below last week's low at 58.75 will be seen this week. Three weeks ago, the stock made a new 20-week intraweek low at 57.03 and that low has not yet been tested successfully, meaning that this move down this past week could end up being that required/needed retest of that low or continuation of the downtrend. Given the fundamentals of the company and the extreme low price that the stock is trading at right now, the former is the probable scenario. On an intraweek basis, there is support at 58.20 and at 57.77 and then once more at 57.44. The former should be reached but if not broken, it would be a positive sign. Reaching the other two would be somewhat short-term negative but not chart breaking. Any break above 60.93 would suggest the bulls have the edge back.

SNDL, like most stocks, generated a negative reversal week, having made a new 7-week high but then closing red and on the low of the week, suggesting further downside below last week's low at 2.05 will be seen this week. This was not all that surprising as it did close the previously established weekly close resistance at 2.20 and with the overall market heading lower, the red close was not a surprise. The overall chart outlook remains positive and will continue to do so as long as it stays above the 1.82 level on a weekly closing basis. A daily close above 2.20 would give the bulls the edge again.

SNOW generated another red weekly close and again closed near the low of the week, suggesting further downside below last week's low at 128.87 will be seen this week. This move down was required and needed as the stock had made an 18-month intraweek and weekly closing low 5 weeks ago and a retest of that low was expected. Nonetheless, the stock "technically" generated a failure signal against the bulls on the daily chart, having closed below the daily close breakout at 130.67 that caused the rally up to 143.72 to occur (closed at 129.85). This of course was due to the overall weakness the stock has shown this year and the weakness shown this past week for Tech Stocks. The bulls did generate a positive reversal day on Friday and the first course of business on Monday should be to the upside (above Friday's high at 130.88) and if the bulls are able to close above 130.67, the technical break will be negated and new buying will likely be seen. There is established intraweek support at 128.56 and if that is seen and the stock turns around from that and then closes above 130.67, two things will have been accomplished, which is going below last week's low and the negating the failure signal. Any daily close above 136.21 would give the bulls a small edge.

VWDRY made a new 9-month intraweek low but then turned around to still close red but in near the high of the week, suggesting further upside above last week's high at 7.74 will be seen this week. When one considers the negative action of the overall market on Friday, this rally from the low has to be considered a positive, especially considering that the stock had no support below at the week's low at 7.34, meaning there was no automatic buying from computers and algorithms. Nonetheless, the bulls need to generate a green daily close on Monday as it closed on Friday at the previous low daily close. A green close would generate a failure signal against the bears on the daily chart. Otherwise, the 6.89 level would remain as the downside target.

ZLAB generated another green weekly close, which means that it bucked the trend in the Chinese index market as well as the weakness in the overall market. The stock closed in the upper half of the week's trading range, suggesting further upside above last week's high at 19.48 will be seen this week. If the stock does go above last week's high, the recent 2-month downtrend will be broken and a rally up to the 200-day MA, currently at 21.40 would likely be seen. On a daily closing basis, the 17.73 level remains short-term pivotal support.