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

1. Yi: +6.57
2. Trying to bottom out in this area: NTES, QCOM, SPWRA, WFR, X
3. Oversold: AA, ACH, EWI, FCX, FUQI, GOOG, NOK, NTES, SEED, SPWRA, TAN, TOT
4. Moderately oversold: $CRB, $SOX, $XOI, ACF, AVP, BPZ, COGO, EWA, EWJ, FXI, GLW, HCBK, IFN, PBW, PTR, QCOM, RJZ, SHI, STX, TIE, TSL, TSM, V, VOD, WATG, WFR, WOR, X
5. Now trying to hold some rising trendline support: $DJW-weekly, $GOLD, $HGX, AMAT, EXP, FSLR, GDX, GF, GLD, JASO, JOSB, KBE, KFT, LDK, LMT, LPL, MKC, NEM, NST, OCR, RGLD, SDTH, SSRI, SYY, URE, WSO, WY
6. Attempting to hold the 65 DMA here: $OEX. $PLAT, $SOX, AMAT, BAC, C, CAKE, CBZ, CREE, ELY, GPC, NM, PGM, SCHA, SCHG, TIE, USD, WDC, XOP
7. Attempting to hold the 28 day: AAPL, ASA, CAT, RBS, ROK, WFC
8. Trying to hold some rising trendline support: ELN
9. Overbought: $USD, $VIX, DM
10. A break out in either direction is on the way for: KFT
11. Anything posted here may be off base.