T.A. update for the open, February 1, 2011.

1. Yi: +9.34
2. Trying to bottom out here: ENER, FUQI, IFN, TLB
3. Extremely oversold now: TLB
4. Now moderately oversold: A, AVP, MED
5. Trying to hold some rising trendline support: $SPX, CSCO, MSFT, SLE
6. Attempting to hold the 65 DMA here: $IIX, B, DM, GOOG, MMI, PBW, PG, SEED, SNDK, SPWRA, YUII
7. Attempting to hold the 28 day: $OEX, DVY, PAYX, UYG
8. Now trying to hold some falling trendline support: PHI
9. Up against rising trendline resistance: $GASO, CAT, UGA
10. Up against falling trendline resistance: AQA.TO and V
11. Up against the 65 DMA here: AGQ
12. Moderately overbought now: $VIX and RJZ
13. Standard overbought: PTEN, RJI, SU, XOP
14. A break out in either direction is on the way for: PBY
15. Anything posted here may be off base.