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 started out with a move to the upside, which was the high for the day as they came down in steady fashion until mid-afternoon.
The stock market indices closed the week with another gain, but had a strong afternoon sell-off and gave back a big chunk of the gains on late Friday afternoon profit-taking.
The stock market indices had a mixed day today and were kind of diverging at the close with the NDX moving up into the high end of the range and the S&P 500 moving down toward the low end of the range.
The stock market indices had another up-day today. The day started out with a big gap to the upside. The indices then sold sharply, but held support, and then came on again to new highs for the entire rally by midday.
The stock market indices had another up day to close the week, although they gave back a chunk of their gains in the afternoon part of the session when the indices pulled back in orderly channels.
The stock market indices had another upday today, although they started out with a gap-up, then pulled back to test support at the intraday moving averages.
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