T.A. update for the open, June 16, 2009.

1. And so the "Yi" FINALLY broke down to a +3.5 reading.
2. Standard oversold now: SUN
3. Moderately oversold: CREE, CTB, HMY, KGC, LEN, NWL, PEP, YGE
4. Attempting to hold the 28 day moving average: $SPX, ACF, AXP, BGF, GOOG, IYY, NOK, NTES, TSL, XLF
5. Attempting to hold the 65 day: ABX, C, LPL, RGLD, V
6. Moderately overbought now: ACAS, IDA, XLU
7. Toppy here: DELL and EEFT
8. Possible top in place for: PHI
9. A break out in either direction is on the way for: TPX
10. Anything posted here may be off base.