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 had a real good snapback session after yesterday’s losses, moving higher from the get-go, consolidating all morning, and then moving higher mid-day.
The indices had a definite down session today, but a late, sharp rally just in the last 20 minutes or so brought them way back and substantially off the lows to pare the losses.
The indices had a negative start to the week, but that abruptly turned around with a surprisingly strong consumer confidence index reading that squeezed the shorts and exploded the indices.
The indices had a solid down-day today, falling from the get-go and stair-stepping their way lower all session, except for a late-morning consolidation. In the last hour they came back sharply, paring back the losses, but still ended down.
The indices had a snapback session from a technically oversold condition, and rallied back to resistance but rolled over in the last hour and took back a chunk of the gains. However, they still ended positive on the session.
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