AMZN confirmed the previous week's negative reversal, having closed red for the 2nd week in a row. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 171.47 will be seen this week. In looking at the daily chart, the stock did make a new all-time high daily close at 178.75 on Thursday but then negated the breakout on Friday. Pivotal daily close support is found at 171.96, which if broken would cause the stock to fall and test the next daily close support at 167.08. If that level is broken, the mention's objective at 155.20 would become the target. Given that the stock did make a new all-time high daily close this past week, it is likely that high will be tested, meaning that at some point this week, the stock is likely to generate a daily close at 176.82 or perhaps even as high as 178.22. As such, the levels to watch for indicative action (on a daily closing basis) are 178.22 and 171.96.

BABA(based on the weekly close) the stock had an uneventful week given that it closed $.13 cents below the previous week's close. Nonetheless, the stock did generate a negative reversal week, having gone above the previous week's high and the closing red. The stock closed on the low of the week and further downside below last week's low at 73.22 is expected to be seen this week. Short-term pivotal intraweek support is found at 71.04. Having said that, the stock has been in a totally sideways trend for the past 17 weeks, between 66.92 and 78.84 but over the past 9 weeks, the chart is showing base building action with the 66.92 now having been tested successfully twice. This does suggest that for the bears to win, they do need help from the Chinese Index breaking below 16095 (closed on Friday at 16720) and that does not seem likely to happen. As such, I expect the stock to perhaps get as low as 72.18 but then turn around and generate a green weekly close next Friday. Adding positions and using a stop loss at 69.65 can be considered.

CALM made a new 11-month intraweek and weekly closing high but then closed slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 58.21 than above last week's high at 60.85. The area between 59.95 and 65.32 is a major resistance level with the stock having been up to that area on 7 different occasions over the past 2 years and always generating a drop of at least $8 from the high made. With the indexes now showing signs of a top having been made, the probabilities of the stock dropping at least $8 from last week's high (down to $52) are now high. On a daily closing basis, the 58.44 level seems to be pivotal. That level was the previous 11-month daily closing high and a close below that level will generate a failure signal against the bulls. A close below 55.80 would be the trigger point for the drop down to at least the $52 level. Nonetheless, that is not likely to occur this week. A rally above last week's high would give some additional ammunition to the bulls.

ENG generated another red weekly close and technically, generated a failure to follow through signal, having closed below the previous daily and weekly close at 1.75. Then again, the close was only $.03 cents below (at 1.72), so it is not a dependable failure signal. Having said that, it is important for the stock to not generate any additional red closes (on either the daily or weekly charts). If the bulls are unable to do that, the next support level is found at the 1.40-1.43 level. Short term pivotal resistance is now found at 1.84. The momentum to the upside has now ended and a new catalyst is required to restimulate further movement in either direction.

GCI generated a totally uneventful inside week with a weekly close just $.04 cents below last week's close. The stock did close in the lower half of the week's trading range, suggesting further downside below last week's low at 1.97 will be seen this week. The recent high and low at 2.12 and 1.95 are both now short-term pivot points, If the top one is broken, a rally to 2.34 could be seen and if the bottom one is broken, a drop down to 1.89 could be seen. The 2.63 and 1.66 levels are now important pivotal levels. Any trading between those two is not of consequence.

GILD generated a negative reversal week, having made a new 5-week intraweek high and the closing red and near the low of the week, suggesting further downside below last week's low at 73.29 will be seen this week. Intraweek support is found at 72.87, which should hold up. Pivotal support is found at 71.37. The stock seems to be in the process of building a new support base, after the 10-month weekly close support level at 74.42 level was broken. The 200-week MA, currently at 70.89 has now held up for 5 weeks and though the stock closed on the low of the month in February, the bears have not yet been able to take it below that level this month. As such, it will likely take a negative news event to generate further downside. On an intraweek basis, the 76.31 level is now pivotal resistance.

JD followed through to the upside after the better-than-expected earnings report came out the previous week. The stock closed near the high of the week and further upside above last week's high at 28.55 is expected to be seen this week. The stock is now very close to resistance levels that are pivotal to the upside. The 5-month intraweek high has been 29.27 and the 200-day MA is currently at 29.74. There is one further intraweek resistance at 30.80, which if broken would be a breakout of indicative consequence and give a $40 objective. Intraweek support is now found at 24.01, which if broken would erase this rally. This week is a short-term important week, given that the bulls have the momentum and they do not want to lose it. A break above 29.27 this week is a must and a break above 30.80 is a desired objective.

LXRX bears failed to generate any further downside, after having closed the previous week on the low of the week. The company did announce positive results on one of their presently researched drugs and the bulls took advantage and generated a green weekly close and a close in the upper half of the week's trading range, suggesting further upside above last week's high at 2.83 will be seen this week. If that does occur, the 3.24 level would be the immediate objective. The stock did gap up on Monday between 2.25 and 2.29 and if the 2.83 level is not broken in the first 2 days of the week, closure of that gap will be the objective. The 200-week MA is at 2.91 and if the bulls can break that line and confirm the break with a close next Friday above 3.18, a mini breakout of note will have occurred.

SIMO extended its rally this past week, having made a new 8-month intraweek high and a new 19-month weekly closing high. The stock closed near the high of the day and further upside above last week's high at 73.07 is expected to be seen this week. The new intraweek high made was only by $.02 cents and the new weekly closing high was only by $.28 cents, but then again, the Chinese index had a negative week, meaning the stock bucked the week's market trend. Short-term pivotal intraweek support is now found at 71.99 and stronger and more longer term pivotal support is found at 66.78. "Very" minor intraweek resistance is found at 73.80 and again at 74.47. Decent intraweek resistance is found at 81.87 and a bit stronger at 83.59. On a weekly closing basis, there is "open air" to the $80 level.

TOL generated a negative reversal week, having made a new all-time high but then closing red. The stock closed in the lower half of the week's trading range, suggesting further downside below last week's low at 117.24 will be seen this week. Intraweek resistance is now found at 122.72, which has a good chance of being seen this week. A break above last week's high at 124.67 would keep the uptrend intact. Nonetheless, the stock is way overbought and the stock likely overpriced, meaning that a correction is likely to occur, with the previous all-time high weekly close at 103.57 being the immediate (next 2-4 week) target. There is some very minor support at 115.51 and at 112.17 that could stimulate a small bounce but they are not dependable support levels.

VWDRY generated another red weekly close and closed near the low of the week, suggesting further downside below last week's low at 9.04 will be seen this week. There is a small mountain of intraweek support between 8.77 and 9.01 that is unlikely to get broken. The same is true about resistance, with a small mountain of intraweek resistance between 10.17 and 10.48. It is highly likely that for the next 2-4 weeks, the stock will trade between these levels. Ultimately though, the probabilities favor the bulls for the longer term and a $15 objective.

ZLAB generated a disappointing negative reversal week, having gone above the previous week's high and then closing below the previous week's low. The stock closed on the low of the week, suggesting further downside below last week's low at 18.47 will be seen this week. Once again, there was no negative news on the company, meaning that the negative action seen is difficult to explain. Having said that, the stock did gap up on 2/14 from 18.18 and that gap was then followed by a runaway gap. With the runaway gap having been closed 12-trading days ago, the breakaway gap has become a magnet for closure. It is the "only" explanation possible, given that the fundamental news on the company remains positive. Evidently, that gap is likely to be closed (and closed on Monday). As such, the week should be a positive one. The 6-year intraweek low is at 17.68 and if that gets broken, the bears will get new ammunition for lower prices. To the upside, there is no resistance until 21.10 is reached. A break above last week's high at 21.88 would give back the edge to the bulls. In looking at the "intraday" chart though, a rally above 18.80 would generate some short covering. As such, I expect the stock to open lower on Monday, fill the gap, and immediately turn around and start rallying.