AAPL in spite of all the positive action in the index market, the stock generated an uneventful week with no breaks of support or resistance. Nonetheless, the stock did not follow through to the downside (as expected) and did generate a green close (by $.08 cents) but then closed slightly in the lower half of the week's trading range, suggesting a slightly higher chance of going below last week's low at 198.96 and above last week's high at 203.67. On a daily closing basis, there is short-term pivotal support at 195.27, which if broken, the downside target would be at least a re-test of the weekly close support at 188.38. To the upside, a daily close above 203.92 would suggest the $210 level would be visited.

BCTX generated a new all-time intraweek low at 2.78 but then closed in the exact middle of the week's trading range, suggesting equal chances of going below last week's low at 2.78 or above last week's high at 3.16. On a daily closing basis, a close below 2.93 would give the bulls "some" new ammunition and a close above 3.11, the same for the bulls. It does bear to mention that for the past 39 weeks, the stock has generated a spike up day/week on 5 different occasions and the last 3 of them have come somewhere between 8-10 weeks from the previous one. It has now been 9 weeks since the previous one occurred, meaning that is it due to happen soon (based on the history over the past 8 months). The last spike up took the stock 250% in value. A break below 2.78 would keep the bears in control.

LXRX generated a new 19-week intraweek and weekly closing high, due to the reiteration from one of the rating companies following the stock that the objective of the stock is to get up to $4 by the end of the year. Having said that, the stock did close slightly in the lower half of the week's trading range, suggesting a slightly higher chance of going below last week's low at .72 than above last week's high at .97. Due to the news and chart action, the .635 level has now become pivotal support. To the upside, the same pivotal scenario is found at 1.09. The 200-day MA is currently at .89 and it was broken this week for 1 day but then the break was negated. The stock has traded below that line for the past 8 months, meaning that the failure was expected as rarely does such a line get broken the first time around. That line and last week's high at .97 are short-term pivotal.

MMM generated a new 5-week intraweek and weekly closing high and did close near the high of the week, suggesting further upside above last week's high at 152.87 will be seen this week. On a daily closing basis, any close above 154.15 (closed on Friday at 152.02) would give the bulls new and strong ammunition to test the all-time high daily close at 155.12 and likely break it. On the same daily closing chart, a close below 144.98 would give new ammunition to the bears. The chart picture is now very clear and what the index market does is likely to determine the action on the stock.

TCEHY generated a positive reversal week, having gone below last week's low and then above last week's high and closing green and in the upper half of the week's trading range, suggesting further upside above last week's high at 65.95 will be seen this week. Having said that, the action seen this past week was totally uneventful, when looking at the daily and weekly closing chart. Using the daily closing chart, a close above 66.02 would give a clear edge to the bulls and a close below 64.00 would do the opposite.

TXN generated a new 8-month intraweek and weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 207.69 will be seen this week. Intraweek resistance is found at 210.84 and stronger at 214.66. Intraweek support is now found at 194.67 and at 192.85. Probabilities do favor both resistance and support being seen during the next 4-8 weeks. Which comes first is the question.

WTW generated a failure signal against the bears, having closed on Friday above the previous low weekly close support at 302.19. The stock closed on the high of the week and further upside above last week's high at 304.90 is expected to be seen this week. There is no resistance above until the 200-day MA, currently at 212.36 is reached. A daily close below 298.78 would negate this scenario but that doesn't seem probable that it will happen. Having said that, a drop back down to the 301.01 (on a daily closing basis) is also likely to be seen and covering of the shorts at that price is what I am planning to do unless the Chinese index and the stock give me reasons to cover at a higher price.

VWDRY generated a positive reversal week, having made a new 3-week intraweek low and then closing green. The stock closed in the middle of the week's trading range, suggesting equal chances of going below last week's low at 5.07 or above last week's high at 5.54. The stock has now stayed above the 200-day MA (currently at 5.23) for the past 4 days and for 13 of the last 15 days, giving the edge to the bulls. A rally above last week's high at 5.54 would once again confirm the breakout and a break above the past 15 days high at 5.77 would give the bulls very strong ammunition. A drop below last week's low would give the edge back to the bears. Probabilities slightly favor the bulls.

YUMC generated a new 9-week weekly closing high and closed near the high of the week, suggesting further upside above last week's high at 45.12 will be seen this week. On an intraweek basis though, the high seen 3 weeks ago at 45.59 was not broken and that remains short-term pivotal resistance. A stop loss should be placed at 45.69 as a break of that resistance would suggest that the 200-week MA, currently at 47.86 will be visited. In using the daily closing chart, short-term pivotal resistance is found at 44.91 and the same for support at 42.52.

ZLAB generated an inside week that did not resolve anything new as it was a green close but the close was on the low of the week, suggesting further downside below last week's low at 34.57 will be seen this week. Having said that, the stock had closed on the low of the week the previous week and no follow through was seen, meaning that the bears do not yet have regained total control. Short-term pivotal support is found at 33.80, which if broken would suggest the runaway gap at 31.71 would be targeted for closure, which would mean the breakaway gap at 28.82 would be targeted as well. One worrisome thing about this past week's action is that as of Wednesday, the bulls were unable to generate any buying interest at all (not even intraday). This is certainly a short-term pivotal week with the 33.80 daily close support being the key issue in play (stock closed on Friday at 34.74). To the upside, a rally above last week's high at 38.18 would negate this chart outlook.