Early Morning Update 1-5-2017.

1. CLF, CMG, JCP, LOW and WOR are attempting to bottom out in this area.
2. CAKE, CSL, MCD and WFM are moderately oversold.
3. GE and UGA are trying to hold rising trend line support.
4. DBC is attempting to hold the 65 DMA.
5. BGS and P are attempting to hold the 28 DMA.
6. GG is up against falling trend line resistance.
7. GF is a bit toppy here.
8. CTB is setting up to break out either up or down.
9. Anything posted here may be off base.