Market up against resistance

GMI2/6
GMI-26/8
T210860%

The GMI fell back to 2 and could go back to a Sell signal with a weak day on Wednesday. Meanwhile my indicators show a very over-bought market with a daily 10.4 stochastic of 94.   Almost 70% of the Nasdaq 100 stocks have   over-bought stochastics. I remain on the sidelines in cash.

QQQ10132015

 

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