T.A. update for the open, August 3, 2010.

1. Yi: +4.85 (We are starting to get overbought in the stock market again.)
2. Now trying to bottom out: BBT
3. Moderately oversold now: AMAT
4. Trying to hold some rising trendline support: JOSB
5. Attempting to hold the 28 DMA here: $GOLD-weekly
6. Trying to hold falling trendline support: $VIX
7. Now up against some rising trendline resistance: $SPX, ACH, BA, BBT, DDM, NOK, PLL
8. Up against falling trendline resistance: $GOLD
9. Up against the 65 DMA here: BPZ and KBE
10. Moderately overbought now: B, BGS, EWA, EWJ, GLW, GPC, IBM, IFN, LUFK, MBI, MEOH, MFE, MMC, NM, PGM, PHI
11. Overbought: $CRB, $NYA50R-weekly, ARM, AVP, CAT, CLF, EWI, FCX, FXI, GF, KO
12. Toppy here: HOGS
13. A break out in either direction is on the way for: PBW
14. Anything posted here may be off base.