T.A. update for the open, January 5, 2010.

1. Yi: +5.25
2. Now trying to bottom out: $BDI-weekly.
3. Moderately oversold: AVP
4. Trying to hold some risising trendline support: BGS, BMY, BPZ, IDA, KFT, KO, NST, OGE, PEG, VFC
5. Attempting to hold the 65 DMA here: PG and TKR
6. Attempting to hold the 28 day: DDM
7. Now trying to hold falling trendline support: QID
8. Up against rising trendline resistance: $DJW, $SPX, AA, CLF, GLW, GOOG, IYY, MSCC, PBW, QLD, QQQQ, TOT, WDC
9. Attempting to break above the 28 DMA here: FUQI, PGM, SLW
10. Now trying to break above some falling trendline resistance: ENER, FSLR, GF, GMR, KBE, LMT, SDTH, SPWRA, SSRI, SU, WATG
11. Attempting to break above the 65 day: EWI, FXI, GDX, NOK, SLV
12. Moderately overbought now: IFN, MEOH, PHI, QCOM
13. Overbought: TSM
14. Toppy here: A and IRF
15. A possible top here for: $GASO
16. Anything posted here may be off base.