Evening Update for August 31, 2016.

1. CVS and TSLA are trying to bottom out in this area.
2. GG, JNUG and NUGT are now at the average oversold area.
3. DUST, FXF, GFI, IAU, NEM, PYPL, RGLD, SLW, TSLA and UGLD are now moderately oversold.
4. QLD, UGA, USO and XLE are attempting to hold the 28 day moving average.
5. WY is up against the 65 day moving average.
6. QID is up against the 28 day moving average.
7. JDST, JPM, MET and MOS are now moderately overbought.
8. MSI is forming a possible top here.
9. CTB, CVY, GLW and GM are getting ready to break out in either direction.
10. Anything posted here may be off base, depending on market conditions.