Paul Shread

The Nasdaq (first chart below) finally broke through some key resistance today. 1975 and 1990-2000 are the next tests, and support should now be 1952-1958. The S&P 500 (second chart) is back at some tough resistance levels, with 1130-1132 and 1140-1142 big tests if the index can continue higher. Support is now 1120 and 1114. […]

Ask Jeeves tumbled 15% after hours Wednesday despite reporting results that met Wall Street expectations. Ask Jeeves reported third-quarter earnings of 25 cents a share, meeting analyst estimates, and revenues grew 178.5% year-over-year to $75.7 million, topping $74.8 million forecasts. But fourth-quarter revenue guidance of $86 million was under $87.7 million estimates, and 2005 guidance […]

Data protection remains very much on the minds of storage vendors, if announcements at this week’s Storage Networking World are any indication. Dell and EMC combined to use a Microsoft Exchange 2003 messaging solution to demonstrate the Dell Business Continuity solution replicating data in real time between two Dell/EMC midrange storage systems across the Atlantic […]

A nice recovery by the bulls today. The Nasdaq (first chart below) recovered its broken uptrend line, a nice show of strength by the bulls. However, the index remains range-bound between 1954-1958 on the upside and 1895-1910 on the downside. The S&P 500 and the Dow (charts two and three) put in nice “morning star” […]

Sina.com soared nearly 20% after hours Tuesday after the company beat earnings and revenue estimates, and Adobe climbed after raising guidance. Sina reported third-quarter earnings of 32 cents a share, four cents above analysts’ estimates, and revenues surged 64.5% to $52.5 million, ahead of $48.8 million forecasts. The company also raised fourth-quarter guidance. The results […]

HP, QLogic and Microsoft unveiled a storage area network (SAN) for small businesses at Storage Networking World that starts at just under $10,000. With the enterprise market saturated, storage vendors have been moving down market by targeting small and medium-sized businesses (SMBs) with Fibre Channel SANs that are easy to install and manage, hoping to […]

The Nasdaq (first chart below) broke support today, and was rejected at that broken trendline at today’s high (1921). On the plus side, sellers couldn’t take the market down very far, ending the day with a “doji” candlestick signaling indecision. So where to next? 1890-1900 looks like the key level on the downside (1906 was […]

Google surpassed Yahoo in stock market capitalization on Monday, as the stock continued its three-day surge on stronger than expected results. After Monday’s 8.7% gain, investors are now valuing Google at $50.8 billion, more than Yahoo’s $47.9 billion market cap, more than nine of the 30 Dow Industrials, and more than all but about 50 […]

The Nasdaq (first chart below) ended the day right on its uptrend line. Any move down Monday would break it. 1890-1900 is the next support level, and 1957-1960 is the level for the bulls to beat. The S&P 500 (second chart) ended the day at 1095 support. Below that, 1087-1091 and 1079-1080 are support, and […]

Google soared Friday on its first earnings report as a publicly traded company, but the rest of the stock market was battered on weak results from Amazon.com , Microsoft and others. Google soared 15% to $172.43 a share after the company beat earnings and revenue estimates. Shares of Google have now doubled from their $85 […]

The Nasdaq (first chart below) is right back at major resistance — a move above 1960-1961 would be a breakout. To the downside, 1950, 1940 and 1931-1933 are support, and 1918 is critical support. The S&P 500 (second chart) continues to fluctuate around 1100. Support is 1100-1103, 1095 and 1087-1091, and resistance is 1111, 1114 […]

Investors had a hard time deciding what to think about Google’s first earnings report as a publicly traded company: the stock traded up, down and then back up again in after-hours trading Thursday. Google beat net revenue estimates (excluding traffic acquisition costs) with revenues of $503 million, above $456 million forecasts. However, earnings per share […]