T.A. update for the open, January 7, 2011.

1. Yi: +10
2. Standard oversold: $BDI-weekly
3. Moderately oversold: ABX, ASA, GG
4. Now trying to hold some rising trendline support: $PLAT, ATI, PEG, PHI
5. Attempting to hold the 65 DMA here: $GOLD, $XAU, DGP, EWA, NFLX, STX
6. Up against rising trendline resistance: $HGX, HIT, MSFT
7. Up against falling trendline resistance now: SKS
8. Up against the 65 DMA here: CSCO and FSLR
9. Moderately overbought now: $IIX, $NYA50R-weekly, AXP, BA, BBT, EEFT, F, LMT, PEP
10. Standard overbought: AAPL, CTB, HCBK, MSFT, NCR, PAYX, QLD
11. Extremely overbought: SHI
12. Toppy here: $DJW, $XOI, $OEX, AA, AVAV, BAC, C, CLF, CTB, GF, RAIL, SNDK
13. Anything posted here may be off base.