T.A. update for the open, December 7, 2009.

1. Yi: +4.35
2. Probable bottom here for: RAIL
3. A possible bottom here for: LEN
4. Now trying to bottom out in this area: DELL
5. Average oversold now: CHK, LEN, MTH
6. Moderately oversold now: $WTIC, KFT, XOP
7. Attempting to hold the 65 DMA here: $XOI, AAPL, ASA
8. Trying to hold rising trendline support: $OEX, AA, AEM, AXP, BAC, CLF, GIS, NEM, NTES, SHLD, SLV, USB, X
9. Attempting to hold the 28 DMA here: AXP, CAT, MOT, PGM
10. Trying to hold falling trendline support: DELL and PTEN
11. Trying to break above falling trendline resistance: B, BMY, EEFT, LDK, MMC
12. Trying to break above horizontal trendline resistance: IBM
13. Attempting to break above the 65 DMA here: $USD
14. Now up against rising trendline resistance: $SPX, A, DDM, GE, IFN, MKC, TAN, USD
15. Moderately overbought here: A, AMAT, CSCO, FSLR, IRF, JASO, ROK, STX, XLU
16. Average overbought now: GLW and T
17. Toppy here: CNK, FRO, NST
18. A possible top here for: OGE
19. A break out in either direction is on the way for: ARM, SWK, XLF
20. Anything posted here may be off base.