T.A. update for the open, January 7, 2009.

1. Yi: +1.5
2. Now trying to hold the 28 DMA: $XEU, BMY, CBK, CEF, GG, WGW
3. Now trying to break above the 28 DMA: $CRB, $USD, BPOP, MBI, MSCC
4. Now trying to break above the 65 DMA: CNK, CPSL, CREE, LDK, SDTH, SEED, STX, WDC, WFR
5. Moderately overbought now: $HGX , $SOX, $WTIC, $XOI, ACF, AMAT, BNI, BPZ, CSL, EWA, EXP, FCX, GLW, IBM, IRF, IWM, IYY, LEN, MTH, TPX, UGP, V
6. Standard overbought: PLG
7. Toppy here: CAKE
8. Anything posted here may be off base.