T.A. update for the open, January 5, 2011.

1. Yi: +10
2. Extremely oversold: $BDI
3. Moderately oversold: AEM, DPS, GDX
4. Trying to hold some rising trendline support: CSL, DGP, IRF, RJZ, SLW, USB, XOP
5. Attempting to hold the 65 DMA here: ASA, GLD, JCP, NFLX, PBY, PGM, PTEN, SLW, VFC, WDC
6. Attempting to hold the 28 DMA here: AGQ, AQA.TO, B, HOGS, MED
7. Up against horizontal trendline resistance: BLL
8. Up against rising trendline resistance: SCHB
9. Up against the 28 DMA here: CNK and WFR
10. Up against the 65 day: AVP, BA, DZZ, FRO, FXI, PHI
11. Moderately overbought now: $NYA50R, EEFT, HPQ, MBI, NOK, PBW, PTR, SUN
12. Standard overbought: $DJX, $OEX, $SPX, $XOI, AVAV, BAC, DDM, GF, MMI, RAIL, ROK, WY
13. Extremely overbought: AA, CLF, UYG
14. A bit toppy here: EWJ, GPC, HIT, IP, KBE, LEN, SWK
15. A probable top here for: $HGX
16. A break out in either direction is on the way for: DM, DVY, KFT, TSL
17. Anything posted here may be off base.