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

1. Yi: +2.5
2. Trying to bottom out in this area: TPX
3. Moderately oversold now: AXP, KFT, SDTH, SUN, SWK, T, VFC, WHR, WOR, WY
4. Attempting to hold the 28 DMA here: $DJX, $OEX, $SPX, CAT, DDM, F, IBM, IWM, IYY, KBE, NAT, QQQQ, XLF
5. Attempting to hold the 38 DMA here: USB
6. Attempting to hold the 65 DMA: HCBK and XLU
7. Attempting to break above the 28 DMA: ACAS
8. Moderately overbought now: EGO, GLD, HMY, JASO, NEM
9. Standard overbought: ABX, AEM, FSLR, KGC, WGW
10. Extremely overbought: $XAU, ASA, GDX, GG,
11. Toppy here: $CRB, $WTIC, AVP, NWL, SHI
12. Anything posted here may be off base.