T.A. update for the open, July 27, 2009.

• Yi: +5
• Possible bottom here for: QID
• Attempting to hold the 65 day: HCBK
• Attempting to hold the 28 day: TIE
• Attempting to break above the 28 day: FRO and MMC
• Attempting to break above the 65 day: FSLR and GTU
• Moderately overbought here: $CRB, $HGX, $XOI, AA, ARM, B, BMY, CHK, CREE, EEFT, EWJ, IRF, JOSB, MOT, PBW, PEG, RJI, SDTH, SHLD, SLW, SUN, T, TSM, UGA, URE, WY, XOP, YGE
• Standard overbought: $SPX, ACH, BNI, CAKE, CAT, CBK, CTB, DVY, IWM, LEN, LOW, LUFK, MTH, QQQQ, RAIL, SHI, SPWRA, SWK, TKR, USD, WATG, WDC, WSO
• Extremely overbought: CSL, MEOW, ROK
• Toppy here: $HGX, $OEX, AMAT, CTB, DVY, EWI, EXP, IWM, LEN, MFE, MTH, ROK, SHI, SU, T, USD
• Possible top here for: $DJX, $SOX, KFT, TSL
• A breakout in either direction is on the way for: GIS and SEED
• Anything posted here may be off base.