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

1. Yi: +4.5
2. Trying to bottom out in this area: $USD
3. Moderately oversold: GPC
4. Attempting to hold the 28 DMA here: AVP
5. Attempting to break above the 65 DMA: ABX, GG, GIS, GLD, MKC, SUN
6. Moderately overbought now: $CRB, $WTIC, $XAU, $XEU, ARM, ASA, BAC, EGO, EWJ, GDX, GIS, KBE, KFT, KGC, MBI, PTEN, SHI, SLW, SPWRA, T, TIE, TKR, TOT, UYG, X
7. Standard overbought: $SOX, $SPX, $XOI, ACAS, ACH, B, BNI, BPZ, DVY, EWA, GE, JASO, NOK, QCOM, SDTH, SSRI, TAN, UGA, USD, WFR, XLF
8. Extremely overbought: AAPL, ACF, AXP, CTB, FCX, GF, IBM, IFN, V, WATG, WOR, WSO
9. Toppy here: ACAS, CBK, CLF, CSL, FSLR, IFN, MFE, MSCC, NAT, NM, NWL, PBW, PEG, RBS, STX, SU, SWK, TSL, WHR
10. Possible top here for the $IIX index.
11. A break out in either direction is on the way for: GM
12. Anything posted here may be off base.