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 indices closed up again on Tuesday, starting with a gap up and strong surge early on that took the indices to new 2009 highs on the Nasdaq 100 and reaching right at key overhead resistance near 1120 on the S&P 500, but were thwarted there.
The indices started the week with solid gains, the majority of which were gotten in the morning, when the indices gapped up and staged a 5-wave advance.
The indices were mixed for most of the session, but came on in the last half hour, in particular, to close solidly in the plus column on options expiration day. Volume was quite heavy because of that.
The indices had an interesting session after a very strong early run was followed by an afternoon slide on the post-FOMC announcement. They ended mixed at the close.
The market had a volatile session today. They were down early, then up sharply in a steep snapback rally after the first hour that took the indices right up to retest those key overhead resistance levels.
Copyright 2024 Tiger Shark Publishing LLC . All rights reserved.
It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
Free Festival of Traders Videos
full story
printer version