Late Day Update for May 2, 2011.

1. Yi: +10 So now we have two days in a row with a +10 reading, meaning the market is overbought here and due for some type of correction.
2. A possible bottom here for: $USD and $VIX
3. Up against rising trend line resistance: $DJW-weekly
4. Standard overbought: $XOI and BA
5. Extremely overbought: AXP
6. Toppy here: $DJW, B, BA
7. A possible top here for: $DJX, $OEX, $SPX
8. A probable top here for: ATI
9. Anything posted here may be off base.