Thursday, May 19, 2016

Update for the open, May 19, 2016.


  1. Yi: -0.2
  2. Trying to bottom out here: DB and TSL
  3. Normal oversold: COST
  4. Moderately oversold: EBAY, RTH, SBUX, WFC
  5. Attempting to hold the 65 DMA here: FB, HD, IJR, IWM, MKC
  6. Attempting to hold the 28 DMA: DF and $XAU
  7. Now up against the 65 DMA: XON
  8. Now up against the 28 DMA: ARMH
  9. Moderately overbought: CORN and UGA
  10. Normal overbought: USL and USO
  11. Toppy here: DBC, NEM, NTES, OIL
  12. A possible top here for: PFF
  13. A break out in either direction is in the cards for: CVY, EGPT, EWI, FCX, FNDF, HPQ, NUS, TKR
  14. Anything posted here may be off base depending on market conditions. 

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