Paul Shread

The market has been stuck in a narrow trading range for almost a month; which way will it break? The Nasdaq (first chart below) continues to look like a small head and shoulders top. So far, it has found support at its 200- and 50-day moving averages at 1972-1973. A close below 1966 and the […]

The CEOs of Cisco and Nortel met at the Canadian Telecom Summit in Toronto recently, but the companies are mum on what the meeting was about. Nortel CEO Bill Owens and Cisco CEO John Chambers both discussed partnerships in their speeches at the conference, and Chambers was quoted as saying that Cisco would “love” to […]

Everyone talks about adding intelligence to SANs, but MaXXan Systems is actually doing something about it. MaXXan has unveiled its second-generation intelligent SAN platform, which scales from 16 to 256 ports in a single chassis and up to 512 ports in a dual-chassis configuration, without using performance-reducing Inter-Switch Links (ISL). That means the full 512 […]

The Nasdaq (first chart below) needs to hold 1963 on a closing basis, or it will look suspiciously like a small head and shoulders top over the last three weeks. First support levels are 1975 and 1971, and resistance is 1994, 1998-2002, 2007, 2012 and 2023. A move above 2007 would begin to throw the […]

Microsoft had better have a big announcement by its annual analyst meeting on July 29 or investors are going to be mighty disappointed. What Microsoft plans to do with its $56 billion cash hoard was the subject of intense speculation again on Thursday, as analysts guess what the company will do with its billions now […]

The indexes continue to stall at resistance; perhaps tomorrow morning’s PPI report will help break the stalemate. If not, the market could be on hold until the Fed meeting June 30. The Nasdaq (first chart below) has resistance at 2004, 2014 and 2023, and support at 1977, 1968 and 1963. The S&P (second chart) has […]

Adobe has posted one earnings surprise after another in recent months, leading to a 30% gain for the company’s stock since March. But one analyst thinks the run may be about over. CS First Boston downgraded Adobe to Neutral on Wednesday on the belief that the company’s results will come in below expectations in the […]

The indexes remain very much range-bound here, restrained by rising interest rates on the upside and supported by healthy fear levels on the downside. The Nasdaq (first chart below) has set up a clear trading range, with resistance at 2007, 2016 and 2023, and support at 1979, 1970 and 1963. The S&P (second chart) has […]

Oracle beat estimates after the close on Tuesday, but investors proved to be tough to please. Oracle’s earnings of 19 cents a share beat estimates by a penny, revenues of $3.08 billion topped $3.07 billion forecasts, and license revenues of $1.313 billion came in ahead of $1.31 billion estimates. Database sales were strong, but analysts […]

Acopia Networks has unveiled what it claims is the first switching platform that can globally access and manage unstructured data, while maximizing existing server and storage infrastructures. Acopia ARX1000 Unstructured data, or data outside of a database, comprise about 80% of an enterprise’s data, says Brendon Howe, Acopia’s VP for marketing and business development. Acopia’s […]

Puts continue to pile up, yet the market has so far been unable to produce a sustained bounce, as the focus remains very much on inflation and the Fed meeting at the end of the month. Tomorrow, the PPI and CPI are likely to come in mixed – the core tame, but the headline numbers […]

Oracle will find out tomorrow night if its earnings are good enough for Wall Street. Oracle is expected to report earnings of 18 cents a share after the close on Tuesday, up from 16 cents in the year-ago quarter. Sales are forecast to rise 8% to $3.07 billion. Analysts generally expect the company to meet […]