T.A. update for the open, July 29, 2009.

1. Yi: +4.75
2. LMT is trying to bottom out in this area.
3. ERIC is now moderately oversold.
4. ASA and GLD are attempting to hold their 28 day moving averages.
5. BBT is trying to break above it's 28 day.
6. NAT and SUN are attempting to break above their 65 day.
7. BPZ, CPSL, KBE, NM, UYG are all now moderately overbought.
8. $HGX, SDTH, VFC are "standard overbought" now.
9. $CRB, $SPX, ARM, DDM, FXI, MEOH, PTR, RBS, RJZ, TKR, VFC, X, XOP, YGE are getting "toppy" here.
10. Anything posted here may be off base.