T.A. update for the open, May 1, 2009.

1. Yi: +4 (It is possible the market could go into correction mode this time without hitting the Yi +5 area.)
2. Trying to bottom out in this area: BMY
3. Moderately oversold now: $USD, $VIX, AEM
4. Attempting to break above the 28 day moving average: $CRB, $WTIC, $XEU, CNK, LUFK, XLU
5. Attempting to break above the 65 day: AKNS, ENER, FTO
6. Moderately overbought now: $DJX, $OEX, $SOX, $SPX, $XOI, BNI, DVY, EWA, EXP, LMT, LUFK, MMC, NST, OGE, PBW, PRBLX weekly, TAN, TIE, TKR, URE, XOP
7. Standard overbought: BGF, CAT, CSCO, CSL, DELL, FSLR, IRF, IWM, IYY, LOW, MEOH, NWL, PLL, RBS, TSL, TSM, UGP, WSO
8. Extremely overbought: MTH, QQQQ, ROK
9. Toppy here: AAPL, ACF, BA, BBT, CAKE, CSCO, CSL, CTB, EEFT, GF, GOOG, IBM, IWM, MTH, PLL, QQQQ, SWK, TPX, V, WHR
10. Possible top here for: AXB, AXP, B, EWI
11. A break out in either direction is on the way for: ARM and SU
12. Anything posted here may be off base.