Paul Shread

Stocks staged a dramatic turnaround on Thursday, as a steep sell-off on terrorist bombings in London turned to across-the-board gains by the close. Travel-related stocks were among those hit hardest by the news, but shares of Priceline and Travelzoo pared their losses, and InterActiveCorp and Ctrip finished the day with gains. The market’s […]

Another day, another failure at resistance for the Nasdaq (first chart below), which must clear 2080-2085 and 2100 to get anything going here. Support is 2058, 2050 and 2035-2040. The Dow (second chart) is in tough shape here; below 10,250, and it may have started another wave down. Resistance is 10,350, 10,405 and 10,445. The […]

An early gain for the Nasdaq turned into steep losses after crude oil notched another new high on severe weather in the Gulf of Mexico. The Nasdaq once again came up short of 2100, reaching 2085 before falling 17 points in the final two hours of trading to close at 2068. Investors will get a […]

The Nasdaq (first chart below) is once again pushing an old trendline that has stopped the index over the last week or so. If the techs can push higher, another attempt on 2100 may be in the cards. Support is 2065, 2055 and 2050. The Dow (second chart) isn’t pretty, but at least it’s hanging […]

Who says you can’t make money from open source technologies? Shares of Red Hat jumped nearly 9% Friday after the Linux vendor reported earnings that exceeded Wall Street estimates. Red Hat’s earnings of 7 cents a share topped analysts’ estimates by two cents, while revenues jumped 46% to $60.8 million, slightly below $61.3 million forecasts […]

Back to some major support levels for the market. The good news is that the holiday weekend and first-of-the-month inflows could provide some support tomorrow. One report to watch: the ISM manufacturing report at 10 a.m. Eastern Time. The Chicago manufacturing report came in weaker than expected today, and with the national ISM barely hanging […]

Shares of Research in Motion and PalmOne headed in opposite directions Thursday after the two handheld market leaders reported quarterly results. RIMM shares fell on concerns about falling margins and slowing subscriber growth after the company reported results that were largely in line with Wall Street expectations. Shares of PalmOne, meanwhile, were up 8% at one point […]

The Nasdaq and Dow (first two charts below) stalled at some big resistance levels today. The Nasdaq needs to clear 2077-2078 and 2100, and the Dow needs to get back above 10,445. The Nasdaq looks okay as along as it holds 2050-2060 to the downside. We’d like to see the Dow hold 10,330; below that, […]

Oracle rode stronger than expected earnings to a 6% gain on Wednesday, but the rest of the market treaded water ahead of Thursday’s Federal Reserve decision on interest rates. Oracle reported pro forma May quarter earnings of 26 cents a share, beating analysts estimates by 3 cents, on sales of $4.06 billion. New license revenue of […]

The Nasdaq (first chart below) made a nice recovery today, getting back above 2055 and challenging the next resistance level at 2075-2080. Still, the index needs to make a strong push through 2100 if it is to challenge its yearly highs. 2060, 2050-2055 and 2040 are support. The Dow (second chart) corrected deeper than we […]

Accusations and acquisitions made for a lively day in the stock market on Tuesday. AMD jumped 6% after the chipmaker slapped rival Intel with an antitrust suit. On a strong day for the stock market, Intel rose anyway, climbing 1.8%. SeeBeyond rocketed 30% on news that it will be acquired by Sun for $387 million. […]

Cloverleaf Communications has netted $11 million in new funding and released version 2.0 of its iSN intelligent storage networking system. The third-round funding was led by new investor Hyperion Israel Venture Partners, with full participation by existing investors including Bank of America, Genesis and Elta Systems, which spun off Cloverleaf in 2001. The company has raised […]