Paul Shread

ExaGrid Systems has unveiled a disk-based backup and disaster recovery solution that uses Grid computing technology for full recovery within minutes of a disaster. ExaGrid says its “Grid Protected Storage” uses the company’s software and commodity hardware to create a Grid-based storage utility, enabling multiple storage servers connected in multiple locations to back up and […]

Today was the opposite of yesterday, with sentiment improving, but the internals not showing nearly as much strength as they should have; only 60% upside volume and rising new lows is not what you want to see on a decent up day. Also, resistance held the rally in check on all indexes today, another sign […]

Network Appliance is the latest company to report perfectly acceptable results – and get beaten over the head for it. Shares of NetApp fell 5% after hours on Tuesday after meeting earnings estimates and beating revenue estimates – and that was on top of a 4% decline during the day. Just another stock come too […]

It’s been a long time since the market closed in oversold territory – since late September, as a matter of fact. It took a couple of days then, but a good bounce followed. Can the market repeat here? Well, sentiment isn’t everything we’d like it to be, with the equity put-call ratio closing way down […]

Shares of Sun Microsystems jumped 10% after hours Monday on news that the company will help build a nationwide standard desktop software system in China. Sun said the China Standard Software Co. (CSSC) will use Sun’s Java Desktop System as the foundation for standard desktop development and deployment in the People’s Republic of China. CSSC […]

The Storage Networking Industry Association’s Storage Management Initiative Specification (SMI-S) is on a fast track to becoming an American National Standards Institute (ANSI) standard. The InterNational Committee for Information Technology Standards (INCITS) has agreed to take SMI-S, which helps storage products from different vendors function together under one manageable interface, through the INCITS Fast Track […]

Sentiment is still mixed, but it’s more positive than it was on Friday, thanks to a big spike in the VIX (first chart below, the options volatility index) today. However, the equity put-call ratio at .65 is lower than the .80 or higher level we’d like to see. The chart picture is also mixed here. […]

While the VIX (first chart below, the options volatility index) had a nice spike up today, the equity put-call ratio showed no fear, clocking in at a very complacent .54. That alone suggests more downside for the market. The Nasdaq (second chart) has support at 1923, 1915-1920 and 1900, and 1940, 1950, 1967-1971 and 1992-2000 […]

After an 8-month rally, investors are getting harder to please. During a week that saw better than expected results from tech bellwethers Applied Materials and Dell , the Nasdaq fell 2%. Looks like the market may finally be ready for a breather. In some cases, it’s clearly come too far too fast. AMAT investors have […]

AMAT and Dell were unable to move stocks today, so it’s now up to a host of economic reports tomorrow morning, including PPI, retail sales and Michigan sentiment. With investors already worried about rising interest rates, the PPI at 8:30 a.m. could be the most important report. The Nasdaq (first chart below) formed a bearish […]

Dell gave stocks a late boost on Thursday after the company accidentally released results early, but it wasn’t enough for the market to finish in positive territory. Dell’s third-quarter earnings of 26 cents a share matched estimates, and revenues of $10.62 billion topped $10.52 billion forecasts. It was the seventh straight quarter of revenue growth […]

Not much to argue with today. Strong internals, a respectable equity put-call ratio, and a reversal back up on rising volume. A few problems are the big plunge in the VIX (first chart below, the options volatility index), a lack of new highs, and the fact that the market is quickly moving toward overbought levels […]