Early Morning Update July 12, 2016.

1. Trying to bottom out in this area: UGA
2. Moderately over sold: FXF
3. Up against falling trend line resistance: CTB, NCR, STX
4. Up against the 28 day moving average: MSI and NCR
5. Up against rising trend line resistance: MAT and P
6. Moderately overbought: COST, CVS, FB, JPM, LEN, MSFT, MTH, QVCA, SCHB, VOT, WFM, WY, X, YYY
7. At the average overbought level: LOW, LPL, Q, QLD
8. Toppy here: GE, GPC, Q, SIVR, SLV, VOX
9. A possible top here for: PAYX
10. Anything posted here may be off base, depending on market conditions.