AAPL generated a new all-time daily and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 237.49 will be seen this week. The stock generated almost all of its gains after it was announced on Friday that Apple phone sales in China were up 20%. Having said that, the new all-time intraweek high was made by only $.26 cents and the new all-time daily closing high was only by $.12 cents, meaning that the bulls have to generate further upside on Monday for that breakout to be meaningful. With all the other fundamental problems that the company has been having of late, it would not be surprising if this breakout is negated. A daily close below 231.78 would not only negate the breakout but bring in new selling interest.

AXP reported a mixed earning report with lower-than-expected outlook for the future. Off of the report, the stock fell 5.6% though the stock closed only 3.2% lower. The stock did end up making a new all-time weekly closing high (by $.63 cents) and did close in the middle of week's trading range, suggesting equal chances of going above last week's high at 286.36 as going below last week's low at 269.05. The stock does have a potential island formation, given that it gapped up on Thursday (prior to the report) from 281.87 to 282.48 and then gapped down on Friday (after the report) from 282.48 to 279.20. The stock did close near the high of the day on Friday, suggesting the first course of action for the week will be to the upside, with closure of the gap being the bull objective. Closure of the gap will give the bulls a bit of an edge to possibly make new all-time highs but the outlook given by the company in the earnings report and the limited upside expected to be seen in the market prior to the election, as well as the fact the stock is overbought and recently was given a sell rating with at $230 objective, does suggest that the gap will not be closed and that an island formation will be in effect. If that is the case, the stock is likely to go below last week's low with a short-term objective of at least 266.16 but likely even down to the $260 level.

BCTX generated a failure signal against the bulls, having closed on Friday below the weekly close breakout point at .864 (closed at .839). The stock closed near the low of the week, suggesting further downside below last week's low at .79 will be seen this week. Short-term pivotal intraweek support is found at .66. There was no news and the fundamental picture remains bullish, suggesting the support will not be broken. Any daily close above .864 will negate the failure signal and give the bulls new ammunition. Any daily close above 1.24 would be a new short-term breakout.

DD generated a negative reversal week, having gone above last week's high but then closing red and near the low of the week, suggesting further downside below last week's low at 84.40 will be seen this week. The stock has now generated 3 red weeks in a row but closed just $.12 cents above the previous multi-year daily and weekly closing high at 84.97 (closed at 85.09), meaning that if the breakout was real, the close this past Friday was a retest of the breakout level. This does suggest that a green close will be seen on Friday. A confirmed daily close below 84.25 will generate a failure signal that will negate the breakout. Probabilities do favor the bulls, meaning that consideration to covering the short position (and taking the loss) should be done.

IBM generated a negative reversal week, having made a new all-time intraweek high at 237.37 but then closing red and in the lower half of the week's trading range, suggesting further downside below last week's low at 230.17 will be seen this week. After this huge bull run to the upside, it is highly likely that a correction has begun with at least a drop down to $223 occurring. Such a drop would not be a negative to the uptrend. The bears need to generate a daily close below 219.15 for any new selling interest to occur. Daily close resistance now found at 233.67 and pivotal daily close resistance is found at 235.60. Probabilities are high that the bears have the short-term edge.

LXRX's rating as a buy with a $10 target was reiterated on Wednesday and the bulls got on board to the tune of a 20% increase in price. The stock broke the 3-month weekly close resistance level at 1.85 and closed near the high of the week, suggesting further upside above last week's high at 2.17 will be seen this week. Pivotal midterm daily and weekly close resistance is found at 2.39, which if broken would offer open air to the 200-week MA, currently at 2.91. Daily close support is now at 1.91, which based on the news and the fundamental picture, should not be broken from here on in. Adding positions on any drop below 2.00 should be considered.

SNDL generated a very uneventful week where the stock traded in a minute $.05 cent trading range. Nonetheless, it was announced on Friday that the company agreed to buy all of NOVA's shares, meaning that they will now have a better way to advertise and sell their product. It is a long term positive. The stock did close on the high of the week, suggesting further upside above the 2.02 level will be seen this week. A daily close above 2.06 will confirm the successful retest of the 200-day MA line that occurred the previous week, and bring in some new buying interest. There is now a fair chance that the stock will begin moving up from here. A weekly close above 2.37 would be a breakout. Any drop now below 1.90 would be a negative.

VWDRY dropped an additional 9% in price and got down to the $6 level with a low of 5.99. The stock did see some buying interest come in as the stock closed in the upper half of the week's trading range, suggesting further upside above last week's high at 6.46 will be seen this week. The stock is showing a gap at 6.56 that should be closed as there was no news to support the gap staying open. The bulls need to generate a daily close above 6.37 and a weekly close above 6.51 to negate this indicative and negative break of support. There has been no new news on the company. Major indicative weekly close support is found at 5.94 (5.77 on a daily closing basis).

ZLAB generated a new 9-month intraweek and weekly closing high and closed near the high of the week, suggesting further upside above last week's high at 28.80 will be seen this week. The stock has now reached the next and very important area of resistance between $30 and $31, which if broken would be a positive mid-to-long-term bullish statement. Intraweek resistance is found at 31.22 (on a daily closing basis at 30.70 and on a weekly closing basis at 29.99). Short-term pivotal daily close support is now found at 24.62. A close below that level would take away any short-term ammunition the bulls have achieved.