Just caught something interesting in the market today. You know that famous Buffett quote about being fearful when others are greedy and greedy when others are fearful? Well, there's actually a technical tool that helps measure exactly that kind of fear in individual stocks—it's called the RSI, or Relative Strength Index.

So here's what caught my attention: Latam Airlines (LTM) just dipped into oversold territory on the charts. The RSI reading hit 29.7, which is below that key 30 threshold that signals heavy selling pressure might be exhausting itself. Compare that to the broader market—SPY's RSI is sitting at 47.3, which shows there's a pretty stark difference in sentiment here.

The stock traded down to $51.68 at one point, closing around $51.90. For context, if you look back at the 52-week range, LTM's been as low as $26.36 and as high as $70.42. So we're somewhere in the middle of that range right now, but the RSI reading is telling an interesting story about momentum.

What's worth paying attention to here is that when you see an RSI this low, it can signal that the recent wave of selling is starting to lose steam. That's exactly the kind of setup Buffett would probably be watching for—a potential opportunity when fear peaks. For traders with a bullish outlook, this RSI signal could be worth monitoring as a potential entry point, assuming the broader thesis makes sense for them.

The technical picture with the RSI indicator is definitely something to keep on your radar if you're looking at LTM or similar situations where fear has driven prices down hard.