T.A. update for the open, July 20, 2009.

• Yi: +4.75 (So we are once again relatively overbought in the general market, and this indicator is telling us some type of correction is coming due, or even a resumption of the long term bear market, but there are absolutely no guarantees of course, as on rare occasions this pretty reliable indicator can be wrong.)
• Now trying to bottom out: QID
• Moderately oversold: $USD and NOK
• Attempting to hold the 65 day: MOT
• Attempting to break above the 28 day: $PLAT, B, JASO, PPW, PTR
• Attempting to break above the 65 day: $HGX, BA, CLF, LDK, MTH, SLW, SSRI, SYY
• Moderately overbought now: $DJX, $HGX, $OEX, $XAU, $XOI, AA, AVP, EGO, FCX, GLW, JOSB, LEN, LOW, OGE, PLL, TSL, TSM, WATG, XOP
• Standard overbought: AMAT, LPL, MFE, NTES, TPX, USD
• Toppy here: $OEX, ACF, AMAT, AXP, DDM, NTES, PLL, QCOM, QQQQ, ROK, WDC, WHR, WSO
• Anything posted here may be off base.