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

1. Yi: +4.4
2. Extremely oversold: CSIQ and ENER
3. Oversold: $NYS50R, $XOI, AVP, BPZ, ELN, FXI, GLW, MEOH, QCOM, SDTH
4. Moderately oversold: $DJW, $DJX, $IIX, $OEX, $SPX, $WTIC, AAPL, BAC, CAKE, CBZ, CHK, CLF, COST, CREE, DDM, F, GE, GF, GMR, GPC, IBM, IRF, IYY, KO, LDK, LUFK, MMC, MOT, MSCC, NAT, NM, OCR, PAYX, PG, PLL, PTEN, QLD, QQQQ, RJA, SCHA, SCHB
5. Trying to hold rising trendline support: $PLAT, $SOX, $SPX, $XAU, ACF, AEM, CTB, DELL, MBI, PBY
6. Attempting to hold the 65 DMA here: $GASO, $HGX, $PLAT, A, AVAV, AXP, BA, BBT, CAT, CBK, CNK, CSCO, CSL, DELL, FRO, FSLR, IDA, IWM, JASO, KBE, LEN, LMT, LOW, LPL, MKC, NST, NWL, PEG, PEP, RBS, ROK
7. Attempting to hold the 28 day: MBI
8. Moderately overbought: QID
9. Overbought: GLD
10. Extremely overbought: $VIX
11. More later. Anything posted here may be off base.