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
I've got a blue line and here's what breaking it means for investors. Also, let's check on the oversold rally forecast and sentiment.
Go ahead and parse every word of the Fed on Wednesday. I'll be inspecting the indicators.
We're likely getting intermediate-term oversold enough to rally -- but with that Fed meeting coming up, who knows how the pattern will unfold. Also, let's check the Russell 2000, Bank Index and breadth.
Jumping on the bear train now feels late.
Let's check the charts of FedEx and Microsoft, and check out what really happened with stocks on Thursday.
If this chart's line breaks with any serious oomph, it could be a big deal -- just like when the S&P broke 4200. Let me explain.
At the week's start, I said we could go down a day or two, but Tuesday's freefall was not what I meant. Let's pick up the pieces, and see what could give us a bounce. Also, bond trade, anyone?
This report comes at an important juncture in the market, and he's how to interpret views on the number.
Like it or not, we should see some more rallies ahead as we relieve the oversold condition.