T.A. update for the open, April 7, 2010.

1. Yi: +7.8
2. Trying to bottom out here: ENER
3. Now trying to hold some rising trendline support: KFT and LMT
4. Trying to hold falling trendline support: $VIX
5. Now up against rising trendline resistance: WHR
6. Trying to break above some falling trendline resistance: AEM and PHI
7. Attempting to break above the 65 DMA here: STX and WDC
8. Moderately overbought now: $CRB, $GOLD, $XOI, COST, IDA, IFN, MEOH, NAT, NWL, PEG, RAIL, RJI, RJZ, ROK, SSRI, SU, SWK, WATG, WSO, XOP
9. Overbought: $GASO, $WTIC, BPOP, IWM, MBI, SCHA, SCHB, URE, USB, WY, X
10. Extremely overbought: ACAS and VFC
11. Toppy here: $DJX, $WTIC, $XOI, ACAS, CBK, CLF, DDM, FCX, FXI, TKR, UGA, XOP
12. A break out in either direction is on the way for: IBM
13. More later. Anything posted here may be off base.