T.A. update for the open, January 12, 2009.

1. Yi: -0.5
2. Trying to bottom out in this area: BBT and NTES
3. Moderately oversold now: $WTIC, PEP, PG, VFC
4. Trying to hold the 28 DMA here: $CRB, $GOLD, ACH, AMAT, ASA, CSL, IYY, LEN, LUFK, QCOM, QQQQ, ROK, SLV, SPWRA, TAN, XOP
5. Trying to hold the 65 DMA: IBM, PHI, SYY, TPX, WSO
6. Trying to break above the 28 DMA: $SPX
7. Trying to break above the 65 DMA: CSIQ, DELL, ENER, GTU
8. Moderately overbought now: AKNS and KFT
9. Anything posted here may be off base.