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 the week on a down note, although in the beginning of the session they did try an early rally that failed right at resistance.
The stock market indices hit the skids on Friday as fears from Europe and bad jobs report numbers sent the market sharply and steadily lower all session.
The stock market indices opened with a gap today, strongly to the upside, took out resistance on the Nasdaq 100 at 1840 and filled the gap up to 1850 on the S&P 500.
The stock market indices definitely had a turnaround Tuesday. After huge down gaps smacked the indices sharply lower at the opening, they then followed up in the next 10-15 minutes at even lower levels, reaching down near 1040 on the S&P 500 for new pullback lows and down around the 1756 level on the Nasdaq 100.
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