T.A. update for the open, August 4, 2010.

1. Yi: +4.58
2. Trying to bottom out in this area: QID, WDC, WFR
3. Oversold: $USD and WFR
4. Moderately oversold: AVAV, GIS, KGC
5. Trying to hold some rising trendline support: $HGX and SEED
6. Attempting to hold the 65 DMA here: FSLR
7. Trying to hold falling trendline support: USD
8. Up against rising trendline resistance: EWI and GG
9. Up against the 28 DMA here: GLD
10. Up against falling trendline resistance: $GOLD, $XAU, ASA, GDX, IBM, RAIL
11. Up against the 65 day: COST, ELY, ENER
12. Moderately overbought now: $GASO, $IIX, $OEX, $SPX, AA, BPZ, GE, LDK, QLD, QQQQ, SU, SWK, SYY, TSLA, UGA, UYG, XLF, YUII
13. Overbought: $DJX, $NYA50R-weekly, $WTIC, PTR, RJA, RJZ, T, TOT
14. Toppy here: $CRB and IFN
15. A break out in either direction is on the way for: ACAS, PAYX, SDTH, WATG
16. Anything posted here may be off base.