Early Morning Update 1-26-2017.

1. Yi: +9.2
2. BBBY, FL, SHAK, TWTR and ZNGA are attempting to bottom out at this level.
3. QCOM is at the average oversold level.
4. JNJ and MSI are moderately oversold.
5. SPWR is attempting to hold rising trend line support.
6. NDAQ and PEP are up against falling trend line resistance.
7. CAKE, SU and VFC are up against the 28 DMA.
8. CAR, CAT, CL, CMG, CNK, CREE, FCX, DPS, GG, GLW, HD, $HGX, IJH, IR, LEN, LOW, MKC, MSI, MOS, MSFT, MTH, NCR, ORCL, P, PYPL, POT, RGLD, SEE, SLW, TSM, WHR, XLK, YUM, V and XLB are moderately overbought.
9. AA, ATI, DM, NTES, ROK, STX, SYMC, SFTBY and TSLA are at the average overbought level.
10. PG and $XAU are a bit toppy here.
11. $NDX and QLD have gone parabolic.
12. OIL and USO are setting up to break out either up or down.
13. Anything posted here may be off base.