Paul Shread

The Nasdaq (first chart below) continues to push toward the major resistance level of 2220-2230. 2183-2187 is first support, with 2163-2167 below that. Not much news in the bond market (second chart) today, which was closed because of Veterans Day. Still, evidence of foreign buying yesterday was a big boost for that market. 4.55 remains […]

Add two more names to the list of once high-flying tech stocks that have reached maturity: Cisco and Dell , which spent their quarterly conference calls this week answering questions about why their growth rates have slowed. After years of high growth rates, investors this week were confronted with the possibility that the two tech […]

Not much to complain about today, although the move could have used better breadth behind it. The Nasdaq (first chart below) could be headed for another bout with the major resistance level of 2220. 2183-2187 is first support, with 2163-2167 below that. Long bond yields (second chart) continue to test important support; if 4.55 goes, […]

Dell followed its Halloween warning with another one late Thursday. Dell reported quarterly earnings of 39 cents a share on sales of $13.9 billion — in line with the company’s lowered guidance of two weeks ago — but then the company lowered guidance again for the current quarter. Dell said it expects January quarter earnings […]

Three straight “doji stars” on the Nasdaq (first chart below) signal indecision here. A down day tomorrow would set up a bearish “tri-star” top here. 2166 is important support, with 2160, 2150-2153, 2145 and 2138 important levels below that. Resistance is 2183-2187 and 2100. Long bond yields (second chart) continue to create headwinds for stocks; […]

Cisco Systems reported quarterly earnings and sales late Wednesday that were largely in line with forecasts, but the company’s forward guidance was below Wall Street estimates. Cisco’s pro forma earnings of 25 cents a share were a penny ahead of estimates, after backing out a four-cent charge as the company expensed options for the first […]

The storage security market has been heating up as of late, spurred by high-profile data breaches and growing congressional interest in the issue. Several vendors have come to market in recent weeks with new security offerings, and this time the vendors aren’t just standalone storage security plays like Decru, NeoScale, Vormetric and Kasten Chase. Here […]

The Nasdaq (first chart below) is managing to hang on at high levels despite some overbought short-term readings. Resistance for the techs is 2187 and 2200, and support is 2166, 2160, 2153 and 2140-2145. Long bond yields (second chart) are heading in the right direction for a change. If they can get back below that […]

Shares of NetEase.com plummeted 22% Tuesday after the Chinese Internet company reported earnings that were below analysts’ estimates. NetEase’s quarterly profit more than doubled to 89 cents a share, but that was two cents below what analysts were looking for. Sales of $57.2 million beat estimates, but the company warned that fourth-quarter results will also […]

CommVault, one of the biggest private storage vendors, has thrown its hat into the continuous data protection (CDP) ring with the latest version of its QiNetix data protection suite. In what CommVault says is the first of three major QiNetix upgrades this quarter, the company took the wraps off its new ContinuousDataReplicator (CDR) software Tuesday. […]

Earnings reports from Cisco and Dell will likely be the biggest news for investors this week. Investors will grade Cisco’s quarterly report card after the close on Wednesday. Analysts are looking for earnings of 24 cents a share from the networking giant, and sales are expected to rise 10% to $6.58 billion. While that is […]

Nice job by the Nasdaq (first chart below) today, which managed to push higher despite a pretty wobbly set-up coming into today. On the downside, long bond yields (second chart) also continue to levitate, but at least yields are nearing very overbought levels and sentiment is very much in favor of lower yields at this […]