T.A. for the open, May 8, 2012.

1. Yi: +8.4
2. A probable bottom here for: NOK
3. Now trying to bottom out: $DJGSP, $PLAT, ABX, BGS, COST, IDA
4. Extremely oversold: GG
5. Average oversold: $CRB, $PLAT, $WTIC, PTEN, SEE
6. Moderately oversold: $DJW, $NYA50R, $SPX, $XOI, A, AA, B, BGS, C, LMT, NAT, PAYX, QCOM, RJA, RJI, SFD, WDC, X
7. Trying to hold some rising trendline support: $SPX, BBT, PTR, USB
8. Attempting to hold the 65 DMA here: AAPL, AVP, DVY, XLF
9. Attempting to hold the 28 day: ONXX
10. Trying to hold falling trendline support: $IIX, $SILVER, PBW
11. Up against the 65 day: TSL
12. Up against some falling trendline resistance: $USD and $VIX
13. Moderately overbought now: $VIX
14. Going parabolic: DUST
15. Anything posted here may be off base.