T.A. update for the open, January 4, 2010.

1. Yi: +4.5
2. Now trying to bottom out: ACAS, BAC, MOT, RGLD
3. Moderately oversold here: LEN, NAT, SPWRA
4. Trying to hold some rising trendline support: $SPX, $XAU, ARM, CAKE, CTB, GDX, GLW, IYY, JASO, LOW, MSCC, NEM, NM, ROK, SSRI, TAN
5. Attempting to hold the 65 DMA here: $GOLD, CAT, GLD, SLW
6. Trying to hold falling trendline support: SLV
7. Up against rising trendline resistance: CREE, TSM, USD
8. Trying to break above some falling trendline resistance: $NYA50R-weekly, $VIX, CBK, EWA, KGC
9. Attempting to break above the 65 DMA here: FSLR, TLB, WFR
10. Moderately overbought now: $GASO, SEED, UGA
11. Overbought: IRF
12. Toppy here: $SOX, $WTIC, BPZ, CNK, IBM, QCOM
13. A possible top here for: CNK
14. A break out in either direction is on the way for: ACH
15. Anything posted here may be off base.