The market continues to frustrate investors. It doesn't seem to go down enough to help the shorts any, nor does it rally enough to make the bulls feel comfortable.
Currently moderately oversold, it can continue to try the upside. However, unless the statistics improve significantly, it is unlikely we will see much follow-through on rallies.
New Highs and New Lows
Cumulative Advance/Decline Line
Helene Meisler, based in Singapore, writes a technical analysis column on the U.S. equity markets on Tuesdays and Fridays, and updates her charts daily on TheStreet.com. Meisler trained at several Wall Street firms, including Goldman Sachs and Cowen, and has worked with the equity trading department at Cargill. At time of publication, she held no positions in the stocks mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. She appreciates your feedback at