T.A. update for the open, May 4, 2009.

1. Yi: +4.5
2. Moderately oversold now: ABX, CEF, GDX, GFI, GG, GLD, MCD, OCR, PGM, RGLD, SLV
3. Attempting to hold the 28 DMA here: KBE and WGW
4. Attempting to hold the 65 DMA: ERIC and KFT
5. Moderately overbought now: ACH, AMAT, BPZ, CSIQ, CSL, FCX, FRO, FXI, GTU, JASO, LDK, PHI, WFR, XLU
6. Standard overbought: CBK, EWI, GF, IFN, NM, PBW
7. Extremely overbought: $IIX, MFE, NAT, STX, V, WDC, WHR
8. Toppy here: $SOX, B, F, GE, LOW, SHLD, SKS, WATG, WOR
9. A break out in either direction is on the way for: $XAU, BAC, C, MBI, NTES, PLG, XLF
10. Anything posted here may be off base.