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 managed to squeeze out a gain on the blue chips, but the Nasdaq 100 was down a very small fraction and the Philadelphia Semiconductor Index (SOXX) got hit for more than 1%, so it was a mixed close.
Another very bullish day on Wall Street as the indices exploded on very strong pre-market futures due to blowout earnings from Intel (INTC) and JP Morgan (JPM).
We had an up-day, but the indices gave back all or most of the gains in an afternoon slide. But they again recovered in the last hour to close up on the session.
It was a very strong turnaround Tuesday as the indices bolted from the get-go and rallied very sharply in the morning, reaching 1712 NDX and over 1060 on the SPX within the first hour and a half.
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