T.A. update for the open, January 22, 2009.

1. Yi: -3
2. Trying to bottom out in this area: $SOX, $SPX, AIG, BAC, BBT, BNI, BPOP, BPZ, C, CSCO, CTB, KBE, LDK, LEN, LUFK, NWL, PHI
3. Extremely oversold now: ARM, AXP, GE, PBY
4. Standard oversold: AAPL, ACF, AXB, CSL, EEFT
5. Moderately oversold now: $HGX, $XEU, ACH, CBK, CHK, CNK, FXI, GF, GM, GPC, IWM, KO, MTH
6. Trying to hold the 28 DMA here: ACAS, CAKE, ELN, JOSB
7. Trying to hold the 65 DMA: IDA
8. Trying to break above the 28 DMA: $XAU , ASA, CEF, GDX, GFI
9. Trying to break above the 65 DMA: MFE
10. Moderately overbought now: $USD, CREE, GLD, RGLD, SLV
11. Anything posted here may be off base.