T.A. update for the open, January 6, 2009.

1. Yi: +2
2. Possible bottom here for: $VIX
3. Trying to bottom out in this area: $VXO
4. Moderately oversold now: QID
5. Trying to break above the 28 DMA here: AXP, DELL, KBE, LUFK, SEED, TSL, WDC
6. Trying to break above the 65 DMA: AKNS, AMAT, CHK, CSCO, DVY, ENER, GE, IBM, PAYX, QQQQ, WHR, WOR
7. Moderately overbought now: $DJX, $IIX, $PLAT, $SPX, AA, ACH, BA, CAT, CLF, EEFT, ERIC, FSLR, FXI, GPC, JASO, LPL, PEG, PHI, PLG, PNRA, PTEN, QCOM, ROK, SHI, TKR, TSM, WATG, WSO, XLU, XOP
8. Toppy here: $NYA50R weekly chart.
9. Anything posted here may be off base.