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

1. Yi: +0.32 (We are very close to the zero line now, which sometimes acts as an area of support for the market, and if not, then we may have to see the -4 or -5 area.)
2. Probable bottom here for: NOK
3. Trying to bottom out here: $CRB, $DJW, $HGX, $IIX, $NYA50R, $SPX, A, ACF, AXP, DDM, EWA, EWI, FCX, GPC, PGM, RJI, RJZ, TSM
4. Extremely oversold: ACH, BPZ, X
5. Normal oversold: $HGX, $OEX, $PLAT, A, ACF, AXP, BA, BAC, CAT, CLF, DDM, FCX, FUQI, KBE, LMT, MSCC, MTH, QLD, ROK, SSO, TKR, UYG, WATG, WFR, WOR, WY, XLF
6. Moderately oversold: $WTIC, CSL, CTB, DM, F, PEP, PGM, QQQQ, UGP, WSO
7. Now trying to hold some rising trendline support: AMAT, AMSC, COST, KFT
8. Trying to hold falling trendline support: AA, B, BA
9. Now up against the 65 DMA: AEM and ASA
10. Moderately overbought: $VIX and BMY
11. Overbought: GLD
12. Extremely overbought: $USD
13. Anything posted here may be off base.