Market getting overbought???


With the T2108 at 78% I am getting a little worried about a near term top.   50% of the Dow 30 stocks have an overbought stochastic.   Similarly, so do the indexes, DIA and SPY, but not the QQQ.   Techs are relatively weak.   Are the techs signalling a coming decline in the other stocks?   September and October are typically weak months for the market. I am very cautious for now. The GMI2 is now down to 4.

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