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

1. Yi: +4.25
2. Possible bottom in this area for: SPWRA
3. Now trying to bottom out: $VIX and BPOP
4. Standard oversold: $VIX
5. Moderately oversold: $BDI weekly chart and DELL
6. Attempting to break above the 28 day: $HGX, NM, NTES, SSRI, TSL, URE, WFR
7. Attempting to break above the 65 day: OCR, UGA, USB, V
8. Moderately overbought now: $SOX, AMAT, AVAV, NTES, PTEN, TPX, VFC, WOR, X, XLF, XLU
9. Standard overbought: USD, WDC, WHR
10. Anything postd here may be off base.