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 markets had a positive session on Thursday. They started with a gap-up this morning, then tried to extend the early morning run, but pulled back very sharply.
Today was a very disappointing follow-up to yesterday afternoon's rally. The day started out with a very brief spurt at the get-go that failed quickly.
Indices finally snapped back, but before they did they made new lows for the move. They turned it around in the last hour, closing up near the highs for the day.
The post-FOMC Fed rate decision sell-off continued with additional damage today that was nearly as bad as yesterday, and the indices closed at the lows for the week going away.
The Fed raised interest rates today, and the indices had extreme volatility with five sharp swings in the afternoon. But net on the day the Dow and S&P 500 were not that far from ground zero.
Copyright 2025 Tiger Shark Publishing LLC . All rights reserved.
It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.