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
Here are the numbers I tend to look at to determine an overbought reading.
Along with the move in bonds came a hefty increase in the number of stocks making new lows.
Just a week ago folks were fearful as the put/call ratio rocketed to 117% and 115%, respectively, but after Monday it sits at a more neutral 92%.
One of the points I have made here over the last few years is that breadth tends to peak well before the indexes do.
Despite all the hysteria, the SOX ratio didn't make a lower low.