T.A. update for the open, July 8, 2009.

• Yi +1.5
• Trying to bottom out in this area: MBI, NEM, SSRI, SU
• Standard oversold at this point: GMGMQ and HMY
• Moderately oversold: $PLAT, $XAU, ABX, CEF, CPSL, EGO, FCX, GFI, GG, JOSB, LOW, PGM, RAIL, RGLD, SLW, SPWRA, TIE, URE, VFC
• Attempting to hold the 65 day: AA, CAKE, CSIQ, MSCC, UGP, WHR
• Attempting to hold the 28 day: BAC
• Moderately overbought now: LPL
• Toppy here: PEP
• Has gone parabolic, which is normally a bearish sign: GIS
• Anything posted here may be off base.