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
This Market Could Get Bumpy, So Sit Tight
Apparently Wall Street didn't get the memo about a lazy August. Let's see why volatility could make investors sweat a little bit, look at new lows and check on weakening momentum.
Will the Bears Pass or Flunk a Retest?
Let's check all the boxes on market sentiment, breadth, positive divergences and index levels.
When Did We Start Making Live Play-by-Play Calls on Wall Street?
How did we start calling bear markets -- and recessions, for that matter -- before we could really know? (And here's why I'm sticking to what the indicators and statistics tell me.)
Oil Is Out, Tech Is In, but You Knew That Already, Right?
As energy is drained, someone told me this week how tech is now the long trade. Where have I heard that before? Also, let's look at the risks of the tech comeback.
The Bears Are Mingling With the Bulls (And I Have the Stats to Prove It)
I'm picking up some minor shifts in sentiment -- and the fence hopping has begun. Let's check some key readings and make sense of what they say about this market.
Divers Don't Guess Where the Bottom Is, Why Do Investors?
What if these higher numbers are just a 'sandbar' before the real bottom? Let me show you some charts from the early 2000s to explain what I mean.
The Market Has Started 'Resistance' Training
All rallies begin with short-covering, but at some point, it takes real buying to keep pushing them up. Let's look at a few case studies, err, chart studies, to see if we can lift past those heavy prices.
Upside Momentum Is Slowing
If this overbought condition does not produce a pullback, it will be a change in the character of the market.
This Market's Trend: One Step Down, Another Step Up
If you don't like 'V' bottoms, then you're in luck. Let's check the pattern, and sentiment.
Are Investors Wary of the 'Morning After' Fed Meetings?
I am a bit surprised that the put/call ratio for Wednesday was a quite high1.05, but I am going to go ahead and rationalize an indicator.