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."
The stock market indices started out the week with a very volatile session with a gap up in the morning on positive news over the weekend, immediately reversing, going sharply south, particularly when the ISM came out with a very negative report.
The stock market indices had another very strong session today. Most of the gains were had by midday, and the afternoon was spent consolidating, holding up very nicely indeed.
A rally hit Wall Street today as the stock market indices gapped up big at the opening and ran sharply in the morning, reaching 2390 on the Nasdaq 100 and 1320 on the S&P 500.
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