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 had the best gains in nearly two months. They gapped up big and ran hard in the morning, backed and filled the rest of the morning to consolidate, then went higher in the afternoon reaching the session highs with about an hour to go.
The stock market indices started out the week with a flat day. An afternoon sell-off brought them back down from mid-afternoon gains in a session that was choppy.
The stock market indices started out with a down move, tested support, and then rallied pretty much for the rest of the day until the last 45 minutes when big gains were had and profit-taking set in.
The stock market indices suffered more losses today, as the day started out with a move down, and then spent the rest of the morning consolidating before an early afternoon drop broke those patterns.
The stock market indices had a nasty afternoon reversal and closed near the session lows going away in reversing rally gains that were completely wiped out in the last couple hours.
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