Helene Meisler writes a daily technical analysis column and TheStreet Top Stocks. For more information, click here. Meisler spent more than a decade on the sell side as a market technician covering institutional accounts at various investment banks in New York City, including Cowen & Co. and Goldman Sachs. In addition she worked at Cargill in Minneapolis where she managed equity money for three years. She received her bachelor's degree in business from Pace University.
Recent Articles By The Author
As the chop continues, keep watch on breadth, new lows and the ratio of the small caps to large caps.
During the last two FOMC meetings in July and September, the market was near the highs and then sold off afterward -- guess which one is similar to now?
After early giddiness on Monday, breadth slid and the market stalled, and the indicators remain ... you guessed it ... mixed.
Friday's action did nothing to change the indicators, but keep an eye on the Volatility Index, which could start to raise some red flags.