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 accomplished very little today as they meandered back and forth. They had a couple of sharp swings, but did not manage to either break down or break out.
After a very negative start when the indices gapped lower and then slipped even lower than that, taking out minor support, they failed to follow-through to the downside.
The indices ended with a solid plus session. They were very strong in the morning, sold off mid-day, and then rallied late in the day to come back toward the session highs.
The markets had a sloppy session and ended to the downside. However, the day did start out with a gap-up as the futures were higher before the opening.
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