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
So This Is the Definition of 'Chop'
When you consider that Friday, July 13 saw the S&P 500 close the week at 2,801 and Friday, July 20 saw the exact same close, I think we can all agree that is the definition of chop.
The Number of New Highs Continues to Languish
I would love to tell you that Friday’s action in the market changed things a bit, but the chop still continues.
Sure It's Frustrating, but This Is What Overbought Markets Do
Eventually we will work off the overbought and get back to an oversold condition.
The Russell Was the King of the Market Today
I still think I can’t be too bearish as the market continues to look like a chop-fest to me.
Something Changed on Wednesday
The bottom line is that for weeks we've seen little or no embracing of the rally and on Wednesday that changed.
Folks Have Finally Changed Their View of the Market
I don’t think sentiment is "too bullish," just that it has finally turned.
Overbought Doesn't Mean We Have to See the Market Tank
We're overbought but the indexes haven't gone down.
I'd Love to Tell You the Action Today Was Terrific
I still think we’re more apt to be choppy or maybe down until the overbought reading is worked off.
Wimbledon May Be Over but the Market's Tennis Game Is Still On
I think the best we can do is chop or have some downside this week.
TheStreet Top Stocks: This Market Is Playing a Version of Group Rotation
Breadth has been sloppy for the last week with three of the last four trading days negative.