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 went up, down and then sideways for half a session, and bored the heck out of us. Net on the day the indices were up small amounts, and the Nasdaq was chiefly up because the SOX index was up more than 2 percent today.
It was a very strong session for the indices and a significant one. The day started out with a move-up from the get-go, which accelerated sharply in the first 45 minutes.
We had a follow-up up-day to the last couple days rally mode, but once again the NDX trailed the S&P and Dow & late in the session, pulled back to retest intraday support, although that was successful.
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