AAPL generated new 6-week intraweek and weekly closing high and closed slightly in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 232.92 than going below last week's low at 223.99. The bulls did have a chance to make a new all-time weekly closing high above 230.54 but failed to do so, suggesting that help is needed to be able to do that. One thing that did happen that could be a negative for the bulls is that the gap up at 232.22 was closed on Thursday and a red daily close occurred on Friday, suggesting that a rally high might have been found. Like with the indexes and many stocks, last week's low is a pivotal support level, meaning that if 223.99 is broken, there is open air below to 214.62. On a positive note for the bulls, the stock rallied 15.9% from the low of the month and closed near the high of the month, suggesting that going above last month's high is likely to occur. If the all-time intraweek high at 237.23 is broken, the bulls will get new ammunition.

AXP generated a positive reversal month, having gone below the previous month's low and then closing above the previous month's high. The stock closed near the high of the month and further upside above last month's high at 261.75 is expected to be seen this month. Having said that, the stock generated a negative reversal "day" on Friday, having made the new all-time intraweek high on that day and then closing red and in the lower half of the day's trading range, suggesting further downside below Friday's low at 256.10 will be seen on Monday. With the indexes all closing on the highs of the day on Friday, this was a negative sign. There are no pivotal intraweek levels of support close by that are likely to be reached this week but if the bears can close the stock below the previous all-time high daily close at 253.04, some new selling interest will likely be seen.

BABA generated a new 3-month intramonth and monthly closing high and closed near the high of the month, suggesting further upside above last month's high at 85.79 will be seen this month. Nothing of consequence occurred on the weekly chart but on the daily closing chart, the established daily close support between 79.47 and 79.82 was tested successfully with Wednesday's close at 79.62, followed by 2 green closes thereafter. Short-term pivotal daily close resistance is found at 85.41, which if broken would suggest the $87-$88 level would be targeted.

DD made a new 32-month weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 84.52 will be seen. Nonetheless, the bulls did fall short of breaking the 32-month intraweek high at 85.12. In addition, there are 3 other intraweek resistance levels made over the past 5 years, at 85.16, at 86.28 and at 87.27 and all 3 of those need to be broken for the bulls to make a statement. In all of these occasions when the stock has reached this level of resistance, a correction of note has occurred. In the last time it reached this level, a 10% correction occurred but in the previous 3 before that, the correction was 42%, 23.1% and 23.3%, suggesting that if the bulls fail here (likely), a minimum correction back down to at least the $76 level will be seen. A new all-time high above 87.27 would be a major breakout. The monthly chart does suggest that a failure to break all of these resistance levels would suggest that a drop back down to the 200-month MA, currently at 62.61, would likely be seen over the next 6-9 months.

FSLR generated a positive reversal month, having made a new 3-month intramonth low and then going above the previous month's high and closing in the upper half of the month's trading range, suggesting further upside above last month's high at 244.21 will be seen this month. Having said that though and using the weekly chart, the stock generated a negative reversal week, having made the new intra-month high this past week and then closing red and near the low of the week, suggesting further downside below last week's low at 222.63 will be seen this week. Intraweek resistance is now found at 232.87 and based on both of the daily and weekly charts, downside objective is 206.85. Nonetheless, there is intraweek support at 217.19 that might stop the stock (temporarily) the first time it heads lower. This stock has been quite volatile as of late and breaking resistance levels of note easily, and then not following through, meaning that it is difficult to put a lot of faith in what the charts suggest is likely to actually occur.

IBM made a new 11-year intramonth and monthly closing high and closed on the high of the month, suggesting further upside above last month's high at 202.17 will be seen this month. Having said that, there is a small mountain of intramonth resistance between 201.24 and 206.22 that dates all the way back to 2013 and has a total of 3 previous monthly highs in that area. It is difficult to see the bulls being able to break above this level under the present economic conditions facing the market the rest of the year. This does suggest that the stock will make a new intramonth high (perhaps as early as Monday) and then begin to fall back. In looking at the monthly chart, the objective is likely to be the 178.75 level, to be seen either in September or October. Nonetheless, that same chart does leave the door open for a fall all the way down to 164.47 by the end of the year. The stock has appreciated in value 10% over the past 4 weeks and has done it in a straight up fashion, which is going to be difficult to maintain due to the established resistance above. As such, there is no intraweek level of support close by, meaning that if the momentum falters, the stock could drop in a fast way. The closest support, but on a daily closing basis, is at 197.78. If the stock closes below that level, a drop back down to the $191 level is likely to occur soon thereafter. On a monthly closing basis (likely to be the objective for a September close) is 190.96.

JD generated a positive reversal month, having made a new 5-month low and then closing green. The stock closed in the middle of the month's trading range, suggesting equal chances of going below last month's low at 24.13 or above last month's high at 29.71. Having said that though, the stock also generated a positive reversal week, having gone below last week's low and then closing green and on the high of the week, suggesting further upside above last week's high at 27.41 will be seen this week. If that does happen, the bulls will have accomplished generating a needed/required successful retest of the 6-month low at 24.13 and that is likely to bring in new buying interest. It is evident though, that whatever level is broken of last month's trading range will be strongly pivotal for the rest of the year. Probabilities favor the bulls.

LXRX generated a negative month and closed near the low of the month, suggesting further downside below last month's low at 1.51 will be seen this month. Having said that, the stock has been trading mostly sideways between 1.58 and 1.85 (based on weekly closes) for the past 5 months, with one exception when it broke out the first week of July and then reversed back down the last week of July. On the intraweek chart, a double low at 1.48/1.51 has been built and given that the stock closed near the low of the week last week, further downside below last week's low at 1.66 is likely to be seen this week. This could mean that the double low could get the needed/required retest of that double low. If that happens and no new low is made, then new buying will be seen. If broken though, a drop down to the next intramonth support at 1.31 will likely be seen. The 2.04 level above is pivotal intraweek resistance. The fundamental picture remains quite positive though, as one of its rating companies maintains its "buy" rating with a $10 objective.

SNDL generated a red monthly close and a close near the low of the month, suggesting further downside below last month's low at 1.84 will be seen this month. Nonetheless, this stock has been mostly "on hold awaiting cannabis industry news" for the past 6 months, trading clearly between 1.90 and 2.27 (based on a monthly close), meaning that it is unlikely that any breakout or breakdown will occur until news comes out (not a chart trading stock at this time). Having said that, there is short-term pivotal intraweek support at 1.81 and at 1.84. A break of 1.84 will weaken the chart slightly and a break below 1.81 will be a break of support and likely cause the stock to drop down to 1.64 (based on a weekly close). There is a double low on the daily closing chart at 1.82/1.83 and the 200-day MA is currently at 1.82, so that level is strongly short-term pivotal. Only a daily close above 2.22 would give the bulls a new edge.

VWDRY generated a new 11-month monthly closing low having closed on Friday at 7.60 and the previous low monthly close was at 1.67. The same occurred on the weekly closing chart as the previous 10-month low weekly close was at 7.64. The only chart where a break did not occur is on the daily closing chart as a close below the 7.35/7.39 level is needed there for the same kind of break to occur. The stock did close near the low of the month, suggesting further downside below last month's low at 7.35 is expected to be seen this month. Having said that, the stock closed near the high of the week, suggesting further upside above last week's high at 7.66 will be seen this week and if that happens, a successful retest of the double low on the intraweek chart will occur. A rally above 7.95 would give the bulls a small edge and an intraweek break above 8.30 would turn things around in favor of the bulls. The dichotomy between the charts makes this call difficult. Overall, it does seem that the bears have control and if they do, it suggests that a drop down near the 6.70 level will be seen (uptrend line found there). Nonetheless, the stock has been trading sideways for the past 9 weeks and that suggests that news is needed for a breakdown or mini breakout to occur.

ZLAB generated a 2nd red monthly close and closed on the high of the month, suggesting further upside above last month's high at 20.50 will be seen this month. The stock also closed on the high of the week, suggesting further upside above last week's high at 20.04 will be seen. Having said that, there is important and indicative resistance on daily and weekly closing charts around this $20 level, given that there is pivotal daily and weekly close resistance at 20.00 and the 200-day MA is currently at 20.34. The stock closed on Friday at 19.94 and if all of these resistance levels are broken and the break is confirmed with a daily close above 21.55, an important and indicative breakout will have occurred. There is minor daily close support at 18.76 and indicative daily close support at 17.73. If the breakout does occur, the bulls will then need to generate a monthly close above 22.28. If all of that happens, it will be clear the downtrend is over and an uptrend likely to begin.