T.A. update for the open, January 30, 2009.

1. Yi: -2
2. Trying to bottom out in this area: $VIX and WATG
3. Moderately oversold now: QID
4. Trying to hold the 28 DMA here: $XAU, ASA, EGO, NEM
5. Trying to break above the 28 DMA: $DJX, $OEX, BNI, CPSL, MBI, MFE, NWL, PG, SWK, TOT, URE, WOR, WY, X
6. Trying to break above the 65 DMA: $HGX, CHK, CTB, ENER, PAYX, QQQQ, STX, UGA, WSO
7. Moderately overbought now: $IIX, FCX, GLW, LPL, WDC
8. Standard overbought: SUN
9. Toppy here: IBM and OCR
10. Anything posted here may be off base.