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 had another turnaround Tuesday late in the afternoon. The day began with another sharp rally, but the S&P 500 could not confirm the new Nasdaq 100 highs, failing four times today just short of 1220.
The stock market indices went somewhat higher today. After yesterday’s late rally, they started out today with a little pop to the upside, met resistance, and backed off.
The stock market indices suffered a down session and a very sharp sell-off today, but that came off a very strong rally in the morning. The indices suddenly reversed, perhaps overdue for a retesting or consolidation.
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