T.A. update for the open, December 31, 2008.

Happy New Year everybody!

1. Yi: +0.5
2. Trying to bottom out in this area: AKNS, BPOP, CNK, CREE, EXP, MBI, SKS, WDC
3. Moderately oversold: V
4. Trying to hold the 28 DMA here: $HGX, ACH, CSCO, SYY
5. Trying to break above the 28 DMA: JASO, KBE, MTH, SDTH
6. Trying to break above the 65 DMA: $DJW, CTB, EWI, IBM, IWM, KO, MKC, OGE, PBY, PEP, PTEN, QCOM, SPWRA, TAN, TSL, WATG, WSO, X, XLU, XOP
7. Moderately overbought now: $XAU, ASA, CEF, GF, LMT, NTES, TKR, WGW
8. Standard overbought: EGO and OCR
9. Toppy: AEM
10. Anything posted here may be off base.

T.A. update for the open of Dec. 30, 2008.

1. Yi: -0.5
2. Trying to hold the 28 DMA here: CAKE, JNJ, LEN, NST, V
3. Trying to break above the 28 DMA: AXP, CHK, ENER, MMC
4. Trying to break above the 65 DMA here: FNM, FTO, GF, LMT, UGP, VFC
5. Moderately overbought now: $GOLD, $GOLD Weekly, $PLAT, ABX, GDX, GLD, HMY, KGC, OCR
6. Toppy here: RGLD and SUN
7. Anything posted here may be off base.

T.A. update for the open, December 29, 2008.

1. Yi: -0.5
2. Possible bottom here for: $WTIC, LUFK, STX
3. Trying to bottom out in this area are: $CRB, ACAS, AMD, AXP, BBT, BPOP, BPZ, CSL, LDK, MBI, MER, PAYX, SHLD
4. Standard oversold now is: AAPL
5. Moderately oversold now: CREE and EXP
6. Trying to hold the 28 DMA here: $HGX, $SOX, AMAT, B, BA, DELL, IYY, JCP, LOW, LPL, MOT, PBW, PTR, SHI, TAN, TOT
7. Trying to hold the 65 DMA: ERIC, EWJ, LEN, PTR, TOT
8. Anything posted here may be off base.

T.A. update for the open, December 26, 2008.

Because of celebrating Christmas yesterday and into early this morning, the update for today is very late. Happy Holidays to everyone!

Yi: -1
Trying to bottom out in this area: ARM, AXP, BAC, BBT, CSL, DVY, EXP, IFN, KBE, LDK, LUFK, MBI, SHLD, STX, WY
Trying to hold the 28 DMA here: $DJW, $HGX, ACH, B, CSCO, DDM, EWJ, GLW, IDA, IWM, LPL, PLG, SHI, UGP, USD, WATG
Trying to hold the 65 DMA: ERIC and FXI
Trying to break above the 65 DMA here: PGM
Standard overbought: GTU
A break out in either direction is on the way for: FRO, KFT, MMC, PBCT
Anything posted here may be off base.

T.A. update for the open, December 24, 2008.

1. Yi: -1.5
2. Trying to bottom out in this area: BPZ, C, SKS
3. Trying to hold the 28 DMA here: $SOX, $XOI, AA, CLF, CSCO, EWI, FCX, FRO, LOW, NAT, PTR, WHR
4. Trying to hold the 65 DMA: TOT and TSM
5. Trying to break above the 65 DMA: GF and GPC
6. Toppy here: GTU and IRF
7. Anything posted here may be off base.

T.A. update for the open, Dec. 23, 2008.

1. Yi: -1
2. Trying to bottom out in this area: $VXO,  BPOP, GIS, MSCC, SEED
3. Trying to hold the 28 DMA here: $DJX, $OEX, $SPX, ACF, AMAT, CSL, DELL, GOOG, IBM, IYY, KO, MOT, MTH, PEP, PLL, QQQQ, SU, SYY, X
4. Trying to hold the 65 DMA: CAKE, EWJ, PTR, USD
5. A break out in either direction is on the way for: ERIE and PAYX
6. Anything posted here may be off base.

T.A. update for the open, December 22, 2008.

1. Yi: 0
2. Trying to bottom out in this area: $VIX, $WTIC, MBI, UGA
3. Trying to hold the 28 DMA here: GE, MEOH, PTEN, SU, URE, USD, WOR
4. Trying to hold the 65 DMA: TSM
5. Trying to break above the 28 DMA here: $GOLD Weekly, ARM
6. Trying to break above the 65 DMA: CBK, EWJ, GF, WSO
7. Moderately overbought now: COGO and OCR
8. Toppy here: BMY, MFE, NAT, PNRA
9. A break out in either direction is on the way for: DDM and PEG
10. Anything posted here may be off base.

T.A. signals for the open of Dec. 19, 2008.

1. Yi: -0.5
2. Standard oversold now: NWL
3. Moderately oversold: $USD, $VIX, $VXO
4. Trying to break above the 28 DMA: BNI, CNK, LDK, LPL, PBY, TAN, TLB, TSL, WDC
5. Trying to break above the 65 DMA: $HGX, $IIX, $PLAT, BGF, CAKE, CAT, CLF, IFN, IRF, MTH, PGM, SWK, WB, WFC
6. Moderately overbought now: CEF, ERIC, FXF, LEN, LOW, MFE, NTES, ROK, SUN
7. Toppy here: $GOLD and SHI
8. Anything posted here may be off base.

Midday update for 12/18/08.

ENER and FSLR are trying and so far failing to break above the 28 DMA here.

T.A. update for the open, December 18, 2008.

1. Yi: +0.5
2. Trying to bottom out in this area: AKNS, LUFK, STX
3. Moderately oversold now: QID
4. Trying to break above the 28 DMA here: $HGX, $IIX, BAC, C, DVY, GLW, KBE, KFT, UYG
5. Trying to break above the 65 DMA: EEFT, ERIE, EWI, KO, LPL, NOK, OCR, OGE, PLL, QCOM, TKR, VFC, WATG, WY, X
6. Moderately overbought now: $XOI, AEM, ASA, SLV, SLW, TOT, TSM, USD, WGW
7. Standard overbought: $XAU, ABX, EGO, GDX, GFI, GG, GLD, GTU, KGC, NAT, NEM, PNRA, RGLD, SHI, SSRI
8. Possible top here for: RGLD and SSRI
9. Anything posted here may be off base.

T.A. update for the open, December 17, 2008.

1. Yi: +1
2. Trying to bottom out in this area: ARM, SDTH, SKS
3. Trying to hold the 28 DMA here: ACF and SHLD
4. Trying to hold the 65 DMA: B, COGO, EWI, WATG, XLU
5. Trying to break above the 65 DMA: $GOLD weekly chart.
6. A break out in either direction is on the way for: AAPL and TSL
7. Anything posted here may be off base.

T.A. update for the open of Dec. 16, 2008.

1. Yi: -0.5
2. Probable bottom here for: ACAS
3. Trying to bottom out in this area: BAC, KBE, LDK, UYG
4. Moderately oversold now: PAYX and PEP
5. Trying to hold the 28 DMA here: $OEX, $SPX, AAPL, IDA, JCP, MER, QQQQ, SUN, WATG
6. Trying to hold the 65 DMA: B, COGO, CPSL, LOW, LPL, SLW, T
7. Trying to break above the 28 DMA here: CREE, DELL, GF
8. Trying to break above the 65 DMA: BPOP, FXF, PEG
9. Moderately overbought now: BMY, EEFT, X
10. A break out in either direction is on the way for: ROK
11. Anything posted here may be off base.

T.A. update for the open of Dec. 15, 2008.

1. Yi: 0
2. Trying to bottom out in this area: AXP, C, CNK, GIS, KBE, MKC, MMC, PG, TLB, TSL, XLF
3. Moderately oversold now: BBT, PAYX, PBCT, USB, WFC, WSO
4. Trying to hold the 28 DMA here: CAKE, CBK, EXP, FNM, GE, GPC, LMT, MBI, MTH, NST, NWL, PLL, QQQQ, ROK, SWK, T, VFC, WB, WHR
5. Trying to break above the 28 DMA now: $CRB, $WTIC, BPOP
6. Moderately overbought now: $GOLD
7. Anything posted here may be off base.

The "invisible hand" of the "free market".

Nothing can save us now, except economists!

T.A. update for the open of Dec. 12, 2008.

1. Yi: -0.5
2. Trying to bottom out in this area: JASO, LDK, PBY
3. Moderately oversold now: PG
4. Trying to hold the 28 DMA here: PHI
5. Trying to hold the 65 DMA: $USD and LPL
6. Trying to break above the 28 DMA here: BPZ, CHK, CSIQ, XOP
7. Trying to break above the 65 DMA: AEM, EWJ, GTU, SLW, SSRI, UGP
8. Moderately overbought now: $XAU, ABX, EGO, GDX, GG, GLD, KGC, NEM, TOT
9. Toppy here: NAT and PTR
10. A break out in either direction is on the way for: BGF and TAN
11. Anything posted here may be off base.

T.A. update for the open of Dec. 11, 2008.

1. Yi: +0.5
2. Extremely oversold: LUFK
3. Moderately oversold: GIS
4. Trying to hold the 28 DMA here: PLG and WSO
5. Trying to break above the 28 DMA here: FCX, FXF, GLW, MEOH
6. Trying to break above the 65 DMA: $XOI, ASA, LPL, NOK, NTES, SLV, SSRI, TSM, SWK
7. Moderately overbought now: AVAV, NAT, WOR 
8. A break out in either direction is on the way for: BPOP
9. Anything posted here may be off base.

T.A. update for the open of Dec. 10, 2008.

1. Yi: 0
2. Possible bottom here for: $BDI
3. Trying to hold the 28 DMA: BMY
4. Trying to hold the 65 DMA: $VIX, $VXO, QLD
5. Trying to break above the 28 DMA: $SOX, $XAU, AA, ARM, BA, BAC, BBT, CLF, CPSL, DDM, EEFT, EWI, EWJ, FRO, FTO, GF, IBM, IRF, IWM, NTES, PBW, PTEN, QQQQ, SDTH, SEED, SU, T, USD, WDC
6. Trying to break above the 65 DMA: AAPL, ABX, CAT, ERIE, GG, GLW, PLL, PTR, TIE, TOT, WATG
7. Moderately overbought now: $IIX, ACH, C, CAKE, DELL, EXP, GFI, GPC, HMY, MER, NOK, SHI, SHLD, TKR, X
8. Toppy here: PNRA
9. A break out in either direction is on the way for: AIG and GA
10. Anything posted here may be off base. 

T.A. update for the open, December 9, 2008.

1. Yi for EOD 12/5/08: -0.5
2. Yi current reading: +1
3. To a buy: $CRB, $PLAT, $WTIC, ACAS
4. Trying to bottom out now: CREE and MEOH
5. Moderately oversold now: GTU
6. Trying to hold the 28 DMA here: $GOLD
7. Trying to break above the 28 DMA: AMAT, AVP, AXB, C, CTB, DVY, EWA, GOOG, IFN, JNJ, KBE, KFT, LDK, MKC, MMC, QCOM, SHLD, STX, URE, UYG, WFR
8. Trying to break above the 65 DMA: ACF, B, BGF, ERIC, GDX, JOSB, KO, LEN, NEM, ROK, USB, V, WSO
9. Moderately overbought now: CSL, FXI, GE, LMT, LOW, MBI, MTH, NAT, NST, NWL, WHR
10. Standard overbought: MCD
11. Anything posted here may be off base.

The Financial Crisis and the lapse of Ethical Behavior.

Good one!

Who's on First?

Anyone else think this sounds like the old Abbott & Costello routine?

TA update for the open, December 5, 2008.

1. Yi: -1.5
2. Moderately oversold: $GOLD
3. Trying to hold the 28 DMA: $XAU, GDX, GM, KGC, NEM, WGW
4. Trying to hold the 65 DMA: ACF and ACH
5. Trying to break above the 28 DMA: AAPL, ARM, CAKE, NAT, NTES, PNRA weekly, SHLD, USB, WB, WFC, WHR
6. Trying to break above the 65 DMA: LEN, LOW, MBI, PBY, PHI
7. Moderately overbought: $HGX, B, BMY, MTH, PNRA, SKS, VFC
8. A break out in either direction is on the way for: AVP, DELL, KFT
9. Anything posted here may be off base.

Are you 100 years old and depressed?

What a "retarded" world we have become. Ya gotta laugh at this or cry.

T.A. update for the open, December 4, 2008.

1. Yi: +0.5
2. Probable bottom here for: $CRB, $WTIC, CHK
3. Trying to bottom out in this area: CLF, CSIQ, FRO, GOOG, IRF, LUFK, PGM, PTEN, TSM
4. Moderately oversold: OCR
5. Trying to hold the 28 DMA here: ASA, GLD, PEG, XLU
6. Trying to hold the 65 DMA here: SUN and WGW
7. Trying to break above the 28 DMA: ELN, JASO, MMC
8. Trying to break above the 65 DMA: WOR
9. Anything posted here may be off base.

TA update for the open, December 3, 2008.

1. Yi: -0.5
2. Trying to bottom out in this area: $SOX, BPZ, CREE, EWI, GLW, MKC, STX
3. Moderately oversold now: NAT
4. Trying to hold the 28 DMA here: $GOLD, AEM, CAT, FNM, GPC, GTU, LOW, PAYX, PBCT, PLL, SSRI, UGP, WSO, WY
5. Trying to hold the 65 DMA: IDA
6. Trying to break above the 28 DMA: $VIX, CBK, CNK
7. Anything posted here may be off base.

TA update for the open, December 2, 2008.

1. Yi: -1.5 (Once again, the Yi zero line acted as an area of resistance for a market rally.)
2. Trying to bottom out in this area: FXF
3. Trying to hold the 28 DMA here: CEF
4. Trying to hold the 65 DMA: FNM
5. Trying to break above the 28 DMA here: B and NWL
6. Anything posted here may be off base.

TA update for the open, December 1, 2008.

1. Yi: +0.5
2. Trying to bottom out in this area: ACAS
3. Trying to hold the 28 DMA here: $VIX
4. Trying to break above the 28 DMA: $GOLD Weekly, $HGX, $IIX, $SOX, $SPX, $XAU, $XOI, ARM, BPOP, CAKE, DELL, DVY, EWA, FCX, GE, GM, IRF, IWM, KBE, LDK, LUFK, MBI, MEOH, MOT, MTH, PBW, QCOM, QQQQ, SDTH, SKS, TIE, TKR, TPX, TSL, TSM, USB, USD, WHR, X
5. Trying to break above the 65 DMA: ACH, AEM, AIG, EXP, LOW, PAYX, PEG, PHI, PNRA, PTR, ROK, XLU
6. Moderately overbought: EGO, ERIC, FXI, GM, MFE, PBCT
7. Anything posted here may be off base.