As has been the case for the past few weeks, I have used Friday to post a chart on one of my favorite ways of measuring oversold/overbought levels by using the stochastics that is overlaying the weekly NYSI Advance/Decline of stocks. Like last week, we are showing some overbought levels, that in the past, has led to a week or two of of selling across the board in the general markets.

Click Here to See the NYSI Overbought/Oversold Market Indicator.

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