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 roared from the start as the week opened with a bang. The market reached session highs mid-afternoon, and then backed off, but snapped back in the last few minutes to close with nice gains on the day, especially on Nasdaq.
The stock market indices had a tough late afternoon sell-off based on rumors out of Europe that they are having problems with the large bailout that was supposedly in place.
The stock market indices had a tough late afternoon sell-off based on rumors out of Europe that they are having problems with the large bailout that was supposedly in place.
The week started off on a very sour note as the stock market indices went sharply lower today, although they did start out positive and slightly mixed.
The stock market indices closed the week with a bang to the upside, closing at the highs for the day going away as an afternoon rally brought them back to new highs for the session, for the week, and for the last several weeks, in fact.
The stock market indices ended higher again, but a late sell-off took them way off the highs and may have signaled the beginning of a pullback as the indices are quite oversold in this zone.
The stock market indices had a very choppy, sloppy day today, and although it can be considered a consolidation day, the market failed to breakout above the earlier session highs.
The stock market indices rolled over in the last 30 minutes of the session to take the indices from positive to negative to close the week on a down note, but not too far from the weekly highs.
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