Harry Boxer has more than 30 years of Wall Street investment and technical analysis experience, and he spent eight years on Wall Street as chief technical analyst with three brokerage firms. Mr. Boxer is a technical consultant to many Wall Street hedge funds and large institutional traders. Mr. Boxer is currently author of "The Technical Trader" and "The Technical Trading Diary" on the financial website The Technical Trader. He is a regular columnist on ADVFN, Stockhouse, and DecisionPoint, among many sites, and a regular guest on WinningOnWallStreet, Marketviews.tv, KFWB-Radio Los Angeles, and more. Mr. Boxer is a frequent guest columnist at CBS MarketWatch, and has been featured on CNBC, Futures Magazine and Technical Analysis of Stock & Commodities magazine. Mr. Boxer won both the 1995 and 1996 worldwide Internet stock market trading contests, "The Technical Analysis Challenge."
Most of the action of today’s market occurred in the first hour. The indices opened strong, backed off, held support, and then rallied strongly, taking out yesterday’s highs and taking the S&P 500 to new 6-year highs.
The markets had a very strong start to the week as futures turned positive just before the opening and the markets opened up strong with a gap in the Nasdaq 100.
The indices ended very narrowly mixed today after some early morning weakness and mid-day strength. They sold off in the last half hour or so and came back near the flat line.
he markets had another positive session on Wednesday prior to the Thanksgiving holiday, as it’s generally 80% higher on this day and the trailing Friday, so we may expect some more of this.
The stock market had a narrow consolidation day, and the indices ended up slightly to the plus side, other than the Philadelphia Semiconductor Index (SOXX), which was putting pressure on Nasdaq all day.
The indexes ended mixed, with the Philadelphia Semiconductor Index (SOXX) up 8.47 today, keeping Nasdaq above water. However,the rest of the indexes were pretty much lower on the session.
The markets ended the week on an up-note for the most part, other than the Nasdaq 100, which did not manage to get back into positive territory despite a rally from mid-morning right to the close, making back almost all of its early steep losses.
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