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.