Paul Shread

FalconStor Software hopes to make backup and recovery easier with a new family of self-contained backup and recovery solutions based on its IPStor storage networking infrastructure software. The company says its new Network Storage Server (NSS) Appliances provide data retention and retrieval services via turnkey appliances, and are “cost-effective, scalable, and easy to deploy and […]

It was a little wobbly, but the indexes were able to recover — for the most part — from today’s sell-off. The Dow (first chart below) pierced the downtrend line that it broke out of yesterday and closed slightly below it. Support is 9990-10,000 and 9954, and resistance is 10,100, 10,170, 10,200 and 10,250. The […]

It wasn’t pretty to watch, but the long-awaited initial public offering from Google got one thing right: investors who braved all the negative publicity to buy at the IPO price saw a nice gain for their efforts. Google jumped 18% from its IPO price of $85 to close at $100.34 in its first day of […]

A trifecta for the bulls today, as the major indexes all broke their downtrends on rising volume (see charts below). Now they must hold those breakouts. The Nasdaq (first chart below) has support at 1821, 1810 and 1805, and resistance is 1842, 1850 and 1860. The S&P (second chart) has support at 1092 and 1087, […]

The SEC gave the long-awaited initial public offering from Google the green light after the close on Wednesday. Google is expected to begin trading under the Nasdaq symbol “GOOG” shortly before noon Eastern Time on Thursday. The news comes after Google slashed its anticipated price range for the IPO, and shareholders reduced the number of […]

The indexes continued to push ahead today, with modest breakouts on the Dow and S&P (first two charts below). 9954 and 1079 are now the first support levels for the market. 10,00-10,008, 10,025, 10,050-10,068 and 10,100 are resistance on the Dow, and below 9954, 9940, 9880-9900 and 9855 are support. The S&P has resistance at […]

Applied Materials and Network Appliance gave the battered tech sector some good news after the close on Tuesday. Also after the close, traders were awaiting word on Google’s IPO, which is expected to begin trading this week. Late news reports said the SEC had not declared the IPO registration effective before the close of business […]

If there was a downside to today’s action, it was that there was too much of a good thing. There was 90% upside volume on the NYSE today — had that been preceded by a 90% downside volume day, it would have been bullish, but by itself, it is more likely to mark buyers’ exhaustion. […]

Google’s long-awaited IPO could price as soon as Tuesday night and begin trading Wednesday morning. Google has asked the SEC to declare its IPO registration statement effective as of Tuesday’s market close. The underwriters may begin accepting bids as soon as an hour after bidders have been notified that the registration has been accepted, Google […]

Intransa appears to be catching on in IP storage, at least enough to convince the company’s investors to shell out big bucks. Intransa announced $25 million in fourth-round funding, bringing its total funding to $74 million. Intransa marketing vice president Ravi Pendekanti says it took less than two months to raise the money, and the […]

The Dow and S&P (first two charts below) found support today near their recent lows, and on declining volume too. So was today just a retest of the lows? The market needs to bounce soon, or it could be just a consolidation in a downtrend, with more downside to come. Perhaps Monday will see stronger […]

After weeks of warnings from top technology and Internet names, investors were pretty pleased just to get in-line results and guidance from Dell . Dell gained 4% on Friday, and rescued the rest of the market from what might have been another sell-off on another new all-time high for oil prices, falling consumer confidence and […]