Paul Shread

The market is getting wound up tight here, with three days in the same narrow range. Another near miss for the Dow (first chart below) at its all-time high of 11,722-11,750 today, but first-of-the-month inflows on Monday could give the index another shot. To the downside, 11,660 is shaping up to be important short-term support, […]

Research In Motion shares soared 19% to touch a new all-time high Friday even as the Dow pulled back from its all-time high. RIM cleared its late 2004 peak of $103.56 and traded as high as $104.50 before pulling back to close at $102.65 after the company made a mockery of analysts’ estimates. RIM’s second-quarter […]

Another near miss for the Dow (first chart below) at its all-time high of 11,722-11,750 today, but with window dressing and inflows propping up the market the next two days, it would be surprising if the index couldn’t clear that level. As we move into October, however, slowdown fears, earnings concerns and mid-term election worries […]

The Dow Jones Industrial Average traded above its all-time closing high Thursday before pulling back to close just 4 1/2 points below that level, postponing a much anticipated celebration on Wall Street. The Dow was trading above its January 14, 2000 close of 11,722.98 late in the day before pulling back to close just below […]

The Dow (first chart below) came within two points of its all-time high of 11,722-11,750, a magnet that is so far keeping traders from worrying about growing evidence of an economic slowdown. That said, between end-of-the-quarter window dressing and first-of-the-month inflows, another attempt is likely in the next few days. After that, we’ll see what […]

The Dow Jones Industrial Average came within two points of its all-time closing high Wednesday before pulling back. The Dow spent much of the day flirting with its January 14, 2000 close of 11,722.98 before pulling back late in the day to close with modest gains. That stocks were up at all Wednesday was something […]

Data protection is a big theme at this week’s Storage Decisions conference in New York, with Microsoft and VMware among the vendors showing off their wares. Microsoft on Wednesday released a public beta of the Microsoft System Center Data Protection Manager (DPM) version 2 at the conference. The new version delivers continuous data protection (CDP) […]

The Dow (first chart below) continues to be drawn to its all-time high of 11,722-11,750, and its ability to press that level in what has historically been the weakest month of the year is impressive. That said, internals have been unimpressive and the rally has been overlapping, with each new high overlapped on a subsequent […]

Investors had varying reactions to earnings reports from Jabil and Red Hat after the close on Tuesday. Red Hat shares fell 8% after warning that November quarter sales will come in lower than expected. August quarter sales rose 52% to $99.7 million, better than $97.1 million forecasts, while earnings after option and M&A expenses of […]

After rallying through two years of Fed rate hikes and inflation fears, the market already seems convinced that the Fed can limit any economic weakness. The lack of fear of a recession is almost as amazing as the market’s unwavering faith in the Fed’s ability to control inflation. Are we really going to get through […]

Stocks returned to rally mode Monday after a Federal Reserve official said lower oil prices will help keep the U.S. economy strong. The Nasdaq led the way higher with a 1.4% gain after Dallas Fed president Richard Fisher also said he doesn’t expect the housing market decline to hurt the broader economy. Fisher’s comments ignited […]

Incipient on Wednesday will unveil the fruits of five years of labor and $79 million in venture funding: a storage virtualization platform that the company says is the first to be completely embedded on an industry-standard director-class intelligent Fibre Channel switch. Incipient said its Network Storage Platform (iNSP) software suite has completed beta testing and […]