Paul Shread

Stocks are trying to rally here, but as long as they remain within the body of Friday’s big declines, they remain vulnerable to further downside. The Nasdaq (first chart below) has support at 2253 and 2240, and resistance is 2270, 2278 and 2290. The S&P (second chart) has support at 1262-1264, with the major support […]

Corning , CA and Sun were the latest tech bellwethers to run afoul of Wall Street’s expectations late Tuesday. Corning reported results and guidance that were largely in line with analysts’ estimates, but with revenues just under expectations and analysts worried about flat panel display pricing and telecom sales, Corning’s stock sank 7% after hours. […]

Technology stocks have been battered in recent weeks on earnings that have failed to live up to Wall Street’s expectations, but EMC showed no signs of a slowdown in its latest quarterly report issued Tuesday morning. EMC, which commands about a quarter of the storage market, had reported preliminary results earlier this month that were […]

The Nasdaq (first chart below) is hanging on to the critical 2240 support level; if that goes, 2230, 2220 and 2190-2200 are possible targets. To the upside, 2256, 2264, 2278 and 2290 are resistance. The S&P (second chart) is hanging on to 1262 support, with the major support level of 1246-1250 below that. Resistance is […]

The string of disappointing fourth-quarter results continued late Monday, with Texas Instruments and McAfee the latest to come up short of Wall Street expectations. TI beat estimates with 43-cent earnings, but sales of $3.59 billion, while up 14% from the year-ago quarter, were shy of analysts’ $3.64 billion expectations. Gross margins of 48.3% were also […]

Clearwell Systems on Monday unveiled a solution that the company says helps make sense of the mountains of e-mail overwhelming enterprises. Clearwell calls its E-mail Intelligence Platform the “first dedicated e-mail intelligence solution that discovers, organizes and analyzes information contained in corporate e-mail systems.” The start-up, which also announced $4 million in funding from Sequoia […]

The Nasdaq (first chart below) is sitting back on critical support in the 2240-2245 zone; a critical level for the bulls here. To the upside, 2264, 2278 and 2290 are resistance. The S&P (second chart) has major support at 1246-1250, and resistance is 1270-1275 and 1290-1295. The Dow (third chart) has support at 10,640, 10,600 […]

A string of high-profile earnings misses finally caught up with investors Friday, sending stocks plunging in their steepest one-day loss in nearly three years. Motorola fell 7.7% after the company’s sales just missed estimates, but what really fueled the market’s decline were disappointing results from Dow giants GE and Citigroup . A four-month high in […]

In a move toward the convergence of remote management and backup, wide area file services (WAFS) specialist Tacit Networks is set to announce the acquisition of remote backup firm Mobiliti next week, according to sources. “It’s cool,” said Steve Duplessie, founder and senior analyst at Enterprise Strategy Group. “The whole point of Tacit is to […]

Stocks recovered some lost ground today, but selling pressure still appears to be present, as the indexes finished well off their highs today. The S&P (first chart below) can’t quite get back above 1288 resistance, with 1295 the next obstacle above that. Support on the big caps is 1282, 1278 and 1272. The Nasdaq (second […]

Motorola continued a string of disappointments from technology bellwethers after the close on Thursday. The wireless giant’s results and guidance were largely in line with Wall Street expectations, but the company’s fourth-quarter sales of $10.43 billion, while up 18% from the year-ago quarter, were just below $10.51 billion estimates, resulting in a 6% slide in […]

Stocks fared better than they might have today, finishing well off their lows for the day. That said, big gaps down seem to mark short-term bottoms more often than not, so there could still be some residual selling ahead. The S&P (first chart below) found support at 1272 today. If that goes, 1260 and 1246-1250 […]