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 the week on a very strong note. Basically, they were up for most of the day and closed near the highs for the day and the week going away. As a matter of fact, the S&P 500 and the Nasdaq Composite closed at not only the yearly highs but three-year highs on the Nasdaq Composite.
The stock market indices had a very interesting, volatile day with a gap up and a quick pop to resistance which failed, and then rolled over very sharply at that point and reached the session lows after about an hour of trading.
The stock market indices had a topsy-turvy day, but ended near the flat line. The day started out with a big gap up, and then it sold off immediately, consolidated midday, and then rallied early afternoon only to rollover hard in the last hour and a half or so and closed near the session lows.
The stock market indices jumped with a big gap at the opening, and then ran hard in the morning after some strong economic news. They reached their highs just before noon, and then pulled back or consolidated the rest of the day, but held onto most of their gains.
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