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
Amid this chop and slop, we have leaking breadth, the McClellan Summation Index rolled over, and a growing number of stocks making new lows -- despite indexes at their highs.
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?