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

1. Yi: +4.73
2. A possible bottom here for: BBT
3. Trying to bottom out in this area: QID
4. Oversold: OCR
5. Moderately oversold: LEN, MTH, PAYX, PEG, TLB, TSLA
6. Now trying to hold some rising trendline support: ACH, AXP, BA, EWJ, EXP, FXI, KO, OGE, PGM, PTEN, T, TIE, V
7. Attempting to hold the 65 DMA here: AMSC, CTB, MFE, NOK, PEG, UYG
8. Attempting to hold the 28 day: $HGX
9. Now trying to hold some falling trendline support: CSL and OCR
10. Up against the 65 day: $XAU, AEM, CHK, ELN
11. Moderately overbought now: $SPX, ACAS, CSCO, GOOG, ROK
12. Overbought: $IIX
13. Toppy here: GOOG, NTES, PHI, RJI, TKR, TOT, WOR
14. A possible top here for: $CRB and HOGS
15. A break out in either direction is on the way for: ENER
16. Anything posted here may be off base.