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."
An opening gap to the downside refused to go any lower and stabilized early on. A rally ensued which reached new session highs with about an hour to go, and then they backed them off in the last hour.
The stock market indices had a very strong start to the day today, moving sharply off the opening levels to new session highs and rally highs, and 2010 highs in the first 90 minutes or so. At that point, they pulled back and consolidated for the rest of the session, bounced late in the day but weren’t able to reach the earlier highs.
The stock market indices had a quieter session today on the Jewish holiday with the indices closing narrowly mixed, mostly ahead but just narrowly, and with lower volume on the New York Stock Exchange.
The stock market indices ended narrowly mixed today, but after a very strong morning rally they rolled over hard in the afternoon and gave back all the gains and then some, or nearly so on most of the indices.
The stock market indices followed through with solid gains today. They had a particularly strong rally late in the day to close at the highs for the day going away, but it was different in the morning.
The stock market indices followed through with solid gains today. They had a particularly strong rally late in the day to close at the highs for the day going away, but it was different in the morning.
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