AAPL generated a red week, meaning that the previous week's close at 229.00 has now become a successful retest of the all-time weekly closing high at 230.54. The stock closed near the low of the week and further downside below last week's low at 217.48 is expected to be seen this week. Intraweek support is found at 214.62 and then nothing until 206.59. On the daily closing chart, a close below 217.49 would open the door for a fall 210.62. On the weekly closing chart, support is found at 216.24. The chart seems to suggest that a drop down to as low as the $210 level could/should be seen this week, but then a rally occur going into the Fed decision. A daily close above 225.01 would take some ammunition away from the bears. I am strongly considering taking profits if the stock does get down near the $210 level.

AXP generated a red week and closed on the low of the week, suggesting further downside below last week's low at 243.32 will be seen this week. On the daily closing chart, the bears did generate a failure signal against the bulls, as well as a sell signal, having closed below the previous all-time high daily close at 254.05 and below the previous low daily close at 246.30 (closed at 244.06). No failure signal was given on the weekly closing chart. There is intraweek support at 243.35 that if broken convincingly, leaves open air to 240.18 or even 237.65 before intraweek support is found again. Below 237.65, there is open air to 229.13. The daily closing chart does suggest that 240.18 will be seen this week, but if broken, the same chart suggest the $230 level will be seen. The weekly chart suggests the same thing. Last week's high at 253.57 is now intraweek resistance that should not be broken for now. If the stock drops down to $230, I will also strongly consider taking profits.

BABA generated an uneventful inside week but did close on the low of the week, suggesting further downside below last week's low at 81.17 will be seen this week. Intraweek support is found at 79.27, which if broken would suggest the 200-day MA, currently at 75.91 will be seen. On the opposite side, intraweek resistance is found at 84.75, which if broken would suggest 87.83 will be seen. Neither is likely to be broken this week.

DD dropped 8% in value this past week and in the process gave a failure signal against the bulls, negating the 7-month breakout that occurred the previous week. In addition, the stock now shows 2 successful weekly close retests of the 6-year high weekly close at 85.57 which now totals 7 high weekly closes above $82 over the past 6 years, without breaking above 85.57. The minimum correction of all those 7 highs was a drop of 10.5% from the weekly closing high, meaning that if that minimum correction occurs here, a drop down to around the $76 will be seen. That objective is quite valid as there is decent daily close resistance around the 77.50 level. I will be giving serious consideration to covering the short positions in that area.

FSLR fell 8% in value this past week and closed on the low of the week, suggesting further downside below last week's low at 207.43 will be seen this week. The stock has now fallen over 15% in two weeks without any negative news. The stock is nearing a level of decent intraweek support at 206.85, which is a level likely to be seen this week. If that level is broken, there is open air below to 195.27 and if the stock does start moving down to that level, the 200-day MA, currently at 190.85 will beckon. It does seem that there is a good chance that 206.85 will be broken and in looking at the daily closing chart, a daily close below 207.09 would leave open air below (based on a daily closing basis) until the MA is reached. If that does happen, I will take profits there (at the MA line). A daily close above 218.26 will give the bulls some new ammunition.

IBM generated a negative reversal week, having made another new all-time intraweek high but then closing red. The stock closed near the low of the week, suggesting further downside below last week's low at 199.34 will be seen this week. When looking at the action seen in the overall market, the negative reversal of the stock does suggest that some further move down is to come. A retest of the previous all-time weekly closing high at 195.95 is likely to occur on an intraweek basis. Nonetheless, the previous all-time high daily close is at 197.78 and it does not seem likely that the stock will close below that level any day this week, at least not before a retest of the all-time high occurs. This stock has been outperforming the index market and given than the index market is likely to get down to support this week and begin a turn around, I will be giving consideration to covering the short positions around the $196 level and taking a small loss on the trade. At this time, the original objective of the mention ($170-$180) has lost some of the probability rating.

JD generated an uneventful inside week. The stock did close on the low of the week, suggesting further downside below last week's low at 26.01 will be seen this week. The recent intraweek low at 25.24 should hold up. A break of that level will weaken the chart. A rally above 27.41, in conjunction with a close above the 200-day MA, currently at 26.90, will give the bulls some new ammunition. The chart does not suggest anything of consequence will happen this week.

LXRX generated a 2nd red weekly close and closed near the low of the week, suggesting further downside below last week's low at 1.56 will be seen this week. 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 and that did not change this past week. 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 1.56 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 an uneventful inside week. It had a very insignificant $.12 trading range for the week, meaning the traders await some catalyst to occur before making any decisions. With the overall market likely to reach support this week and see a bit of a bounce, it is expected the stock will do the same. The 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 weaken the chart would 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 10-month intraweek and weekly closing low and closed on the low of the week, suggesting further downside below last week's low at 7.20 will be seen this week. This breakdown from its 10-week sideways trading range is indicative that the bears remain in control. Having said that though, the stock is likely to reach a level of intraweek support between 6.55 and 6.89 that is unlikely to be broken without additional negative fundamental news (not likely to occur). This does suggest that the stock could start a recovery rally of consequence that could ultimately take it back up to the $12 level within the next 6-9 months (to the top of the channel that the stock has been in for the past 2-years). On a daily and weekly closing basis, the important support is found between 6.82 and 6.85. With the stock closing on Friday at 7.20, no more than a 4.9% drop is left to be seen. Consideration should be given to buying the stock there (or adding positions). Any daily close above 7.52 would be suggestive that the move down is over.

ZLAB generated a negative reversal week, having made a new 4-week intraweek high and then closing red. Nonetheless, the red weekly close was only by $.09 cents and the stock closed slightly in the upper half of the week's trading range, both suggesting that it was not a negatively indicative week. The one thing that the bulls did run into is the 200-day MA, currently at 20.18, which is a line that has not been broken to the upside for the last 9 months. The bulls did get above the line on Thursday with a high at 20.50, but were unable to close above the line. If the bulls can rally above last week's high (at 20.50), a close above the line would likely to occur. If then, the bulls can get above the previous intraweek high at 22.35, the downtrend will be "officially" over. Intraweek support will now be found at 18.09 and short-term pivotal support at 17.68.