Morning Update May 18, 2017.

1. Yi: +8.6
2. CAKE, DF, M, and WEAT are attempting to bottom out at this level.
3. BBBY and O are at the average oversold level.
4. FL, HSNI, PHI and VFC are moderately oversold.
5. DRI is attempting to hold the 28 DMA.
6. $XAU is up against falling trend line resistance.
7. FXF is moderately overbought.
8. BBRY, $FTSE and MTSI are at the average overbought level.
9. MCD is extremely overbought.
10. AEM and NOK are toppy.
11. BABA, CWI, EFV, EWI, FEU, FNDF, UGP, V, VGK and WEN are possibly forming a top at this level.
12. Anything posted may be off base.