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 indices had a generally positive day with a negatively diverging Dow Jones today, but the day started out with a move up after the opening with some early volatility back and forth.
The market started out the week with a down session, although they had a rally in the morning that took the S&P to new highs, with the Nasdaq not confirming this time.
Another relentless rally took place today, despite the fact that the futures were sharply lower before the opening and the market opened sharply lower.
The indices managed to squeak out gains with an afternoon rally that put them in the positive column, but the technicals were very flat and non-confirming.
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