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 the year with a bang with a big gap up, ran sharply higher in the morning, reached their highs just before noon at around the 2268 area on the Nasdaq 100 and the 1276 area on the S&P 500.
The stock market indices started out the week mixed and were somewhat volatile with a pop at the opening and then a strong rollover plunge to the sessions lows early in the morning, double-bottoming there.
The stock market indices ended mixed on the session on options expiration day. The technicals were slightly positive, and a lot of individual stocks we watch actually had a fairly strong session.
The stock market indices managed to hold onto morning gains in the afternoon, with a bullish consolidation and late snapback that closed them not far off the session highs, ending with a rather nice session.
Despite the fact that the stock market indices were up it was a very choppy road. They popped at the opening, pulled back and tested support, and when that was successful they rose sharply.
The stock market indices ended mixed on the session after a last-hour sharp sell-off peeled back a vast majority of the gains and closed the indices right at the lows for the day.
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