BABA generated a negative reversal week, having gone above the previous week's high and then making a new 9-week low. The stock closed on the low of the week, suggesting further downside below last week's low at 71.80 will be seen this week. The bulls have failed miserably in generating any buying interest as the stock has fallen 18.7% in value (based on the weekly closes). Having said that, there is still support left below on the weekly closing chart at 69.07 (68.36 on an intraweek basis) that the bulls need to hold if they have any thoughts of recovery. In addition and looking at the daily chart, there is quite a bit of daily close support between 71.36 and 72.13 that "should" hold up. It also needs to be mentioned that in looking at the monthly chart, the stock did generate a breakout in May and though the breakout was negated on Friday, the building of a support base is still going forward. The stock made a 7-year low at 58.01 in October 2022. That low was then retested successfully in January of this year with a low at 66.63 and then a second successful retest of that low occurred in April with a low at 68.36. This means that there are now 2 successful retests of that major low and if the 68.36 level is not broken on this move down and the stock recovers by going above this months high next month, a 3rd successful retest will have occurred and that will give the bulls ammunition to take the stock above the 90.46 high seen in May. Having said that, it does suggest that this week could be very indicative and/or pivotal. A daily close above 74.39 would give the short-term edge back to the bulls. I do believe the stock will close either Monday or Tuesday around the 71.36 level and then start recovering from there. That means an additional drop of $.64 cents below Friday's close. It is important to mention that the analysts covering BABA have stated recently that they see the stock moving up to at least $85 or at most to $135 before years end.

GCI made yet another new 25-month intraweek and weekly closing high and once again closed near the high of the week suggesting further upside above last week's high at 4.66 will be seen this week. The stock now shows 9 weeks in a row of higher lows and is becoming overdue for some type of correction. There was some minor monthly close resistance at 4.54 but that was broken as it closed on Friday at 4.61. There is minor intraweek resistance at 4.87 that could be the objective for this week. Nonetheless, any move below a previous week's low would suggest a correction has started. Last week's low was 4.37. The correction could take the stock all the way down to 3.52, meaning that consideration should be given to taking profits if the stock gets up to (or near) 4.87.

INTC generated (once again) an uneventful inside week but did close near the high of the week, suggesting further upside above last week's high at 31.42 will be seen this week. The stock has continued to trade sideways in a trading range between 29.73 and 32.42, which has been in effect for the past 9 weeks. In looking at the daily closing chart, the stock now shows 4 successful intraweek retests of the low made on May 8th at 29.73, suggesting that the bulls are ready to generate a breakout. The 31.48 is short-term pivotal resistance and the 32.42 is longer term indicative pivotal resistance. A break below 30.29 would be a sign that the bears have gotten the edge.

JD is almost in the exact same boat as BABA, inasmuch and the stock broke out the previous month but has now given up those gains and gone below the previous month's low. Then again, if the stock does not get below 21.18, and does rally from here, the chart will show this drop to be the second successful retest of the multi-year low at 20.83 that was made in January. The stock did close on the low of the week and further downside below last week's low at 25.74 is expected to be seen this week. There is intraweek support at 24.66 that is short-term pivotal and indicative and it should not be broken. This means that this week could (actually should) see the stock begin to recover. Indicative and short-term pivotal resistance is found at 29.37. If the stock does hold support and begins to recover, the 29.37 would be the immediate (1-3 weeks) objective.

LXRX generated a red week and a close near the low of the week, suggesting further downside below last week's low at 1.64 will be seen this week. The stock continues to trade (for the past 12 weeks) in a sideways trading range between 1.48 and 2.04 but the 1.48 low has now been tested successfully on one occasion and if that retest low at 1.59 does not get broken and the stock rallies above this week's high next week, it will become a 2nd successful retest. The stock is showing a multiple (4 weeks) intraweek high resistance area between 2.02 and 2.04 that is a magnet for a breakout if the bears fail to break support this week. Having said all of the above, if by any chance the bears win, the monthly chart shows decent intramonth support at 1.31, meaning that is probably the worst that could happen if this area here breaks for any reason. To the upside and if the 2.04 level breaks, there is open air above to 2.89.

PYPL made a new 8-month high in February and since then it has done nothing but go down. The stock closed out the month on the low of the month, suggesting further downside below last month's low at 57.21 will be seen this month. On that chart, the stock has pivotal intramonth support at 55.77, which should not get broken without some new negative fundamental piece of news. The stock seems to be doing the same thing as BABA and JD, meaning that it seems to be building a support base from which an uptrend could begin in the near future. The stock does show a mountain of intraweek support between 57.13 and 57.44 and having gone down to 57.21 last week, it is in that support area now. If this level breaks, there is further support at 56.47 and then pivotal at 55.77. Short-term pivotal intraweek resistance is found at 60.76, which does include the 200-day MA, currently at 60.64. It seems likely that the stock is at a support that will only be broken if new negative fundamental news comes out.

SNDL generated a breakout in April and in looking at the monthly chart, the breakout was from the 1.90 level. On Friday, the stock closed at 1.90 and that means that if a green monthly close occurs at the end of July, a successful retest of the breakout level will have occurred and it will give the bulls strong ammunition for higher prices, with the monthly chart showing open air to 3.36 and a decent-to-high probability of 4.76 by the end of the year. In looking at the weekly chart, the stock generated a positive reversal week, having made a new 10-week low and then closing green and near the high of the week, suggesting further upside above last week's high at 1.96 will be seen this week. If that does occur, the stock will also be showing 2 successful retests of the 1.75 low seen in April and the chart does show open air above 1.96 to 2.19 and stronger at 2.36. It does seem that this week could be pivotal. Levels to watch are 1.96 and 1.81. Which ever gets broken, will be indicative.

SNOW generated a key positive reversal week, having made a new 17-month intraweek low and then closing above the previous week's high. The stock closed near the high of the week and further upside above last week's high at 135.73 is expected to be seen. This was a pivotal week given that the stock had reached levels of support that if broken would have been extremely negative. The stock ended up generating a 9.8% rally from the low of the week and generating a clear buy signal on the daily chart when it closed above 130.67 (which will now be the new daily close support level from here on out). There is open air above up to the 140.84 level (based on a daily close. If the bulls are able to generate a daily close above that price, 145.45 would be the next level and above that, the $156-$160 level would become the target. I do expect the stock to trade between $140 and $130 for the next week or two.

VWDRY generated a short-term breakdown given that the 8-month intraweek low at 8.28 got broken this week. The stock has fallen 23.5% over the past 4 weeks and closed on the low of the week, suggesting further downside below last week's low at 7.60 will be seen. The long-term outlook has not changed (remains bullish) but the short-term has changed, meaning that another couple of months will likely pass before the stock recuperates all of these losses and makes a new high. Both the monthly and weekly charts have the same downside objective, which is the $7 level, likely to be seen this week. Nonetheless, once that level is reached, a recovery rally will likely begin. There is a clear up channel bottom at 7.00 that once it is reached, the upside objective will be the top of the channel which is presently at $11 but it is not likely the stock will get to the top of the channel for another 4-6 months and by then the top of the channel will be at $12, which has always been the upside objective since this trade was first started. The 7.60 level is going to be pivotal for the next week or two. If the stock trades below it, the $7 level with be the downside objective and when it is trading above it, the 8.25 level will be the objective. Any daily close above the 200-day MA (currently at 8.68) would give full control back to the bulls (this is the pivotal MA level to watch for throughout July and August).

ZLAB got down and closed the runaway gap down at 17.06, meaning that the entire rally based on the better than expected earnings report has been negated. This is potentially a negative that could take the stock all the way down to close the breakaway gap down at 14.23. Nonetheless, the probabilities of that happening are quite low as there has been consistent buying interest in the $17-$18 level during the period where the Chinese market has gone down. With the Chinese market not likely to have much more downside, it seems difficult (if not impossible) for the bears to take the stock down to the $14 level. Having said that, the stock did close near the low of the week and further downside below 16.95 is expected to be seen this week. There is some support around the 16.70 level that is a target but is also short-term important. Holding of that support and then generating a daily close above 18.00 would give the edge back to the bulls. As such, the two levels to watch (on a daily closing basis) are 16.70 and 18.00.