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.
But what has not changed is breadth, which remains steady.
I will keep looking for a rise in volatility.
All day long Wednesday I heard how oil stocks have been one of the best performing groups since the lows.
The reason we care is because this tells us what individual stocks are doing.
Sentiment is shifting, perhaps enough for another pickup in volatility later this week.
My expectation is that we will correct toward the end of the week.
The most exciting thing in the market on Monday was the move in the U.S. Dollar.
The NYSE saw its best breadth day in a week.
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