T.A. update for the open, January 8, 2010.

1. Yi: +5.8
2. Now trying to bottom out: $VIX
3. Moderately oversold: KO
4. Trying to hold some rising trendline support: A, ARM, CSL, DVY, EEFT, LPL, LUFK, NST, PEG
5. Attempting to hold the 65 DMA here: AVAV and CBK
6. Attempting to hold the 28 day: MFE
7. Trying to hold falling trendline support: AVP
8. Up against rising trendline resistance: $SPX, BAC, BBT, CREE, F, HCBK, IYY, JASO
9. Attempting to break above the 28 DMA here: $GOLD and AEM
10. Trying to break above some falling trendline resistance: BPOP
11. Moderately overbought now: $XAU, BAC, CPSL, ENER, FSLR, FUQI, GG, HCBK, IFN, KBE, KGC, LDK, LEN, MBI, NAT, NWL
12. Overbought: $PLAT, $WTIC, BA, MEOH, PBW
13. Extremely overbought: SHLD
14. Toppy here: $GASO, $XOI, ACH, CLF, ELN, JASO, KFT, MEOH, NM, PTEN
15. More later. Anything posted here may be off base.