T.A. update for the open, January 6, 2010.

1. Yi: +5.5
2. Moderately oversold: EXP
3. Trying to hold some rising trendline support: CBK, GIS, IBM
4. Attempting to hold the 65 DMA here: KO and PG
5. Trying to hold falling trendline support: $VIX
6. Up against rising trendline resistance: $DJX, $HGX, $IIX, $OEX, COGO, CSIQ, ELN, FRO, IWM, MEOH, SHLD, SSO, TSL
7. Attempting to break above the 28 day: GE and GLD
8. Trying to break above some falling trendline resistance: BBT, CPSL, EEFT, FXI, PTR
9. Attempting to break above the 65 DMA here: $XAU, GMR, NEM, SHI
10. Moderately overbought now: $XOI, ASA, CHK, CSCO, EGO, ELN, EWA, EWJ, FCX, MTH, NTES, PGM, PTEN
11. Overbought: $CRB, $GASO, F, QCOM
12. Extremely overbought: $SOX
13. Toppy here: CREE, GLW, IRF, MSCC
14. A break out in either direction is on the way for: AXP, PBY, ROK
15. Anything posted here may be off base.