T.A. update for the open, July 28, 2009.

1. Yi: +5
2. We may have a possible bottom here for the: $VIX
3. QID is trying it's best to bottom out in this area.
4. LMT is now "standard oversold".
5. RX is moderately oversold.
6. FRO and TLB are trying to break above their 28 day moving average.
7. ENER, GE, MMC and PAYX are now attempting to break above their 65 day moving average.
8. The following are "moderately overbought": $IIX weekly, $WTIC, AKNS, CLF, ENER, FSLR, GOOG, JASO, LDK, NST, OCR, PTR, SKS, SLV, TAN, USB
9. The following are "standard overbought": $OEX, ACF, ARM, CSIQ, EEFT, IDA, IRF, KFT, NWL, OGE, PLL, RJZ, XLU, YGE
10. The following are "extremely overbought": ACH, CAT, DDM, DVY, FXI, IWM
11. These are acting a bit "toppy" on the daily chart: $XOI, BMY, KFT, LOW, LUFK, NWL, OGE, PLL, QQQQ, WATG
12. A possible top may be in place for: MEOH and SHI
13. And finally, a break out in either direction is on the way for: WFC
14. Anything posted here may be off base.