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

1. Yi: +10
2. A possible bottom in this area for: $BDI, $CRB, TLB
3. Now trying to bottom out: F, FAZ, YUII
4. Moderately oversold: $VIX, ARM, CTB, JCP, YUII
5. Trying to hold some rising trendline support: GPC, LOW, PEG
6. Attempting to hold the 65 DMA here: LOW and MSFT
7. Attempting to hold the 28 day: $HGX, AMSC, UGA
8. Up against some rising trendline resistance: $DJX, ACH, BBT, DVY, MMC, OCR
9. Up against the 28 day: AGQ, ASA, GLD, MMI
10. Up against some falling trendline resistance: CAKE, IFN, JASO
11. Up against the 65 DMA here: AQA.TO, CSL, JASO, SLW, STX
12. Moderately overbought now: $HGX-weekly, $IIX, $PLAT, $SPX, AGQ, BA, BAC, CSCO, EWA, EWJ, HPQ, NOK, NTES, PAYX, SLV, VFC, WFR
13. Standard overbought: BLL, GE, NCR, NFLX
14. Extremely overbought: HIT
15. Toppy here: AA, GE, RJZ
16. A break out in either direction is on the way for: BGS, DM, VZ
17. Anything posted here may be off base.