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 closed out the week with a bit of a thrust to the upside, finishing at the session highs going away. It was also the weekly and two-year highs.
The stock market indices ended mixed on the session with the blue chips down and the Nasdaq 100 up just a small fraction, but technicals were weaker and lower, confirming the softness today as profit-taking may have started to set in.
The stock market indices had a very strong session today, closing at the session highs on the Nasdaq 100 and not too far off them on the blue chip indices, the Dow and S&P 500.
The stock market indices had another up day today, but it didn’t look like it with two hours to go, as the indices were at their session lows. They then snapped back over the last two hours to close positive on the session.
The stock market indices today went back and forth in the morning and consolidated for most of the day, moving lower on the S&P 500, but holding up much better on the Nasdaq 100.
The stock market indices started out with a negative move in the early morning as futures were low and the indices gapped down, reaching their low for the day.
The stock market indices gapped up and then slid all morning until midday when they hit their session lows. In the afternoon they rallied back to bring the indices back into a mixed position.
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