Paul Shread

A tough loss for the bulls today. One warning sign was the failure of the major indexes to put together a strong advance at the same time the last few days. The Nasdaq (first chart below) is now back at the downtrend line it broke out of on April 1. A move back below that […]

Motorola delivered some hope for a market battered by interest rate fears when it reported blowout results after the close on Tuesday. Motorola’s earnings of 18 cents a share crushed 7-cent estimates, and revenues of $8.6 billion came in way ahead of $6.75 million estimates. Motorola also hiked forward guidance well above estimates. The stock […]

What began as an idea by Oracle last September became reality today when 19 technology companies banded together to form an alliance focused on Grid computing in enterprises. The Enterprise Grid Alliance (www.gridalliance.org) is an open, independent and vendor-neutral community formed to address the near-term requirements for deploying commercial applications in a Grid environment, according […]

Looked at one way, the Nasdaq’s correction last week was nothing more than a retest of its April 1 downtrend line breakout (see first chart below). The action the last three days formed something of a bullish evening star, and the index finally took out its 50-day moving average today, but the index still has […]

April may be more than half over, but earnings season is just getting started. About 150 tech companies will report results this week, and almost as many will report next week. Among the big names reporting this week: Lucent on Tuesday morning (a 2-cent profit expected); eBay , Juniper , KLA-Tencor and Qualcomm after the […]

The best thing that could be said for the stock market Friday is that it survived earnings disappointments from two tech heavyweights relatively unscathed. Shares of Nokia tumbled 9% on its second earnings warning this month, and IBM slipped 2% on in-line results that included services contracts that came in below Wall Street estimates. The […]

Given the disappointing results from Nokia and IBM, we’ll call today a victory for the bulls. It certainly could have been worse. NYSE internals continue to improve nicely, a big plus for the market. As we noted several times this month, poor internals are often a precursor to a decline; will strong internals be a […]

Well, we finally got some significant improvement in the NYSE internals today, but to no avail so far. The Nasdaq (first chart below) has support at 1990, 1978, 1960 and 1940, and resistance is 2011-2015, 2020, 2031 and 2040. The S&P (second chart) has support at 1126, 1120, 1115 and 1110, and resistance is 1134, […]

Connected Corp. has unveiled the first product from its acquisition of Archive-it, an email archiving firm. Connected ArchiveStore/EM 3.0 is a “new and substantially enhanced release” based on Archive-it’s MailStore 2.1, according to the storage software provider. The new offering combines data reduction technology, encryption, audit trails, and policy-based management for “secure, searchable, and scalable” […]

IBM became the latest tech giant to fail to wow Wall Street after the close on Thursday. Big Blue’s earnings of 93 cents a share met estimates, and revenues of $22.25 billion came in ahead of $21.93 billion estimates. The company also reaffirmed full-year guidance. Services contracts of $10 billion came in under $11 billion […]

The internals continue to weigh on the market, but with the indexes short-term oversold after back-to-back days of heavy selling, we wouldn’t be surprised to see a bounce soon. The NYSE TRIN was very low today for a down day (.63), suggesting that there might be some accumulation here. The Nasdaq (first chart below) has […]

AMD , Texas Instruments and Apple Computer all delivered strong results after the close on Wednesday. Apple was the biggest winner, surging 10% after hours on blow-out numbers and guidance fueled by strong iPod sales. AMD rose after doing what Intel couldn’t do Tuesday night: deliver better than expected results. And Texas Instruments climbed after […]