Early Morning Update September 16, 2016.

1. LPL, TSLA and WFM are possibly forming a bottom in this area.
2. DYN, GE, LOW, MCD, MKC, PEG, QCLN, SHAK, SHLD, SPWR and UGP are trying to bottom out.
3. SPWR is now extremely oversold.
4. CSL, CVS, FCX and SHLD are at the average oversold level.
5. EWI, F, LEN, MAT, MOS, SU, USO and XLE are moderately oversold.
6. DBC is trying to hold some trend line support.
7. EBAY and MSI are attempting to hold the 28 day moving average.
8. CREE is setting up to break out in one direction or the other.
9. Anything posted here may be off base, depending on market conditions.