Early Morning Update August 22, 2016.

1. Z is trying to bottom out.
2. SHAK is at the average oversold level,
3. MTH and UUP are moderately oversold.
4. TKR is attempting to hold the 65 day moving average,
5. MAT is attempting to hold the 28 DMA.
6. CSIQ and IDA are now up against falling trend line resistance.
7. CAKE, CHK, DBC, OIL, PTEN, UGA, USO, XLE and XON are now moderately overbought.
8. MED and UGP are a bit toppy here.
9. RGLD, STX and TSLA are getting ready to break out in one direction or the other.
10. Anything posted here may be off base of course, depending on market conditions.