TA for the open of January 17, 2012.

1. Yi: +4.7, +5, +4.6
2. A possible bottom here for: QID
3. Now trying to bottom out: COST and FAZ
4. Extremely oversold: $BDI
5. Standard oversold: $BDI-weekly
6. Moderately oversold: ARMH, DPS, PEG, PTEN, SKS
7. Trying to hold some rising trendline support: $WTIC, DDM, LOW
8. Attempting to hold the 65 DMA here: PGH, XLU, ZSL
9. Attempting to hold the 28 day: ONXX and RJA
10. Up against rising trendline resistance: GIS
11. Up against the 28 DMA here: $SILVER and AGQ
12. Up against the 65 day: $DJGSP, $PLAT, $XAU, AA, AVP, RJZ, SCHC, SLW, WFR
13. Up against some falling trendline resistance: AUQ
14. Moderately overbought now: A, ABX, AKAM, ATI, AXP, CLF, FCX, HOGS, IWM, MED, NAT, PBW, PRBLX, ROK, SCHE, SCHM, SU, TSL, WOR
15. Standard overbought: $NYA50R, CAT, GPC, IYY, KFT, SCHB, STX, SUN, SWK, UYG, VIS, XLF
16. Extremely overbought: EXP and PHI
17. Toppy here: $DJX, $SPX, BA, EXP, GPC, IYY, KFT, MBI, NAT, RAIL, SWK, UYG, VIS, WFC, WOR, XLF
18. A possible top here for: $HGX, $OEX, $SPX, JPM
19. Anything posted here may be off base.