T.A. update for the open, December 14, 2010.

1. WARNING, WARNING, WARNING!!! The SPX is "officially" overbought now!
2. Yi: +10 again!
3. A probable bottom here for the: $VIX
4. Trying to bottom out in this area: FRO
5. Extremely oversold: FAZ
6. Standard oversold: SDTH, TIE, TLB
7. Moderately oversold: YUII
8. Now trying to hold some rising trendline support: USD
9. Attempting to hold the 65 DMA here: UUP and YUII
10. Attempting to hold the 28 DMA here: OGE
11. Trying to hold falling trendline support: HOGS
12. Up against rising trendline resistance: SEE
13. Up against the 28 DMA here: VOD
14. Up against falling trendline resistance: PTR
15. Up against the 65 DMA here: XLU
16. Moderately overbought: GOOG, MOT, PEP, SCHF, SEED, SPWRA, TOT, USB, VZ
17. Standard overbought now: $OEX, $SPX, A, CLF, DVY, FCX, PRBLX, QCOM, RGLD, SSO, UYG, V, VFC, WFC, WOR, XLF
18. Extremely overbought: LUFK, WSO, X
19. Toppy here: ACAS, GE, SCHA, SCHB, SCHG, SEED, TKR, UYG, WDC, WFC, WOR, XLF
20. A possible top here for: $IIX, AMAT, ARM, AXP, B, CREE, CSL, IYY, MMC
21. A break out in either direction is on the way for: SHLD and SYY
22. Anything posted here may be off base.