T.A. update for the open, May 8, 2009.

1. Yi: +4.5
2. Probable bottom here for the $VIX
3. Standard oversold: GTU
4. Moderately oversold: COGO and RAIL
5. Attempting to hold the 28 DMA here: ACAS, LOW, LPL, WY
6. Attempting to hold the 65 DMA: VFC
7. Attempting to break above the 28 DMA: $PLAT, BMY, PGM
8. Attempting to break above the 65 DMA: $GOLD. $IIX weekly, KGC, RGLD
9. Moderately overbought now: ABX, BPOP, C, GG, NEM, PG, PRBLX weekly.
10. Standard overbought: $CRB, $OEX, $WTIC, $XAU, $XOI, ARM, CNK, GDX, KBE, LUFK, MOT, RJI, TIE, TOT
11. Extremely overbought: $NYA50R weekly, FSLR, SU
12. Toppy here: $DJX, ACH, ASA, BA, BNI, DVY, EWA, EWI, FXI, GE, GF, PTR, SLW, SSRI
13. Possible top here for: CLF, CTB, IFN, UGA
14. Probable top here for: F
15. A break out in either direction is on the way for: PEP and PHI
16. More later. Anything posted here may be off base.