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."
Late Snapback Keeps Rally Going
The stock market indices ended up on the day after a late snapback rally brought them back from a sharp afternoon sell-off.
Strong Close In Great Week For The Bulls
The stock market indices closed the week on a very strong note as opening gaps, and big ones, blew the indices right out of their 3-day consolidations.
Up-Gap To Open Week In Stock Market
The stock market indices started the week off on a very strong note, gapping up at the opening, moving in a sharp 5-wave advance early on, then consolidating mid-day, reaching new session highs in early afternoon, and backing and filling the rest of the session in what appeared to be possible topping-type patterns.
Stock Market Choppy But Higher
The stock market indices were choppy but higher today and closed with the S&P 500 not far off the highs for the day.
Indices Roll Over
The stock market indices had a negative day and sharply so in most sectors. The morning saw a very sharp drop on negative consumer confidence index readings.
Last-Hour Rollover Dampens Rally
A last hour rollover took the indices into the negative column. However, support is still holding at NDX 1812 and SPX 1105-6.
Paul Taglia is Larry Connors' head trader. Paul was a Market Maker for a Wall Street firm, accumulating over $4,000,000 in trading profits. He was also the firm's top money producer in listed stocks for that period of time, before joining Larry Connors.
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 