Paul Shread

Another day, another failure at resistance. The Dow (first chart below) was stopped at the upper resistance line of what could be a bearish broadening pattern. The Nasdaq and S&P (second and third charts) look like they need to get to 1950 and 1055 to test their patterns. The Dow faces resistance at 9686 and […]

Who says all the good news is priced into tech stocks? Not Yahoo investors. Yahoo soared 10% Thursday after beating earnings and revenue estimates. The stock was the beneficiary of a couple of analyst upgrades and a big drop in jobless claims that sent the broader market soaring. The market pulled back off its highs […]

The indexes all failed at their September highs today, so 1914 on the Nasdaq, 1040 on the S&P and 9686 on the Dow have now become important resistance. The Nasdaq (first chart below) appears to have formed a bearish “dark cloud cover” candlestick today, gapping up only to close below the midpoint of yesterday’s candle. […]

Yahoo delivered after the close on Wednesday with earnings and revenues that topped forecasts. Earnings of 10 cents a share beat estimates by a penny, and revenues of $356.8 million exceeded estimates of $337 million. The company’s fourth-quarter revenue guidance of $462-$502 million appeared to range from below to above analysts’ estimates, factoring in the […]

It’s earnings time once again, that quarterly popularity contest that always leaves investors scratching their heads. Short of blowing away estimates and raising guidance through the roof, there’s no telling how investors will react to an earnings report. Take University of Phoenix Online , for starters. The company beat earnings estimates Tuesday on a 57% […]

The term “overbought” has about as much meaning for this rally as “oversold” did for the sell-off of a couple of weeks ago. On the plus side, by starting the day lower and ending higher, the indexes formed bullish engulfing patterns, perhaps most noticeable on the SPY, the S&P tracking stock. We continue to track […]

AppIQ has added a host of new features to its standards-based storage management software. Based on SMI-S, the Storage Networking Industry Association’s storage management standard, the renamed StorageAuthority Suite adds new capabilities for file server storage resource management (SRM), heterogeneous device support, provisioning, and backup and recovery management, according to the company. The Burlington, Mass.-based […]

The market remains overbought heading into earnings season, suggesting the possibility of a pullback. While price has certainly been behaving itself, suggesting the possibility of higher prices, we should point out that the indexes all may be forming bearish broadening patterns on the daily charts (see charts below). Those upper trendlines are also at some […]

Rambus gave investors a couple of years worth of returns on Monday, soaring 38% after the U.S Supreme Court opened the way for the company to receive DDR and SDRAM royalties. With no debt and extremely low capital expenditures, the ruling could give Rambus a license to print money. Based on Monday’s action, investors apparently […]

Six months ago, there were no groups dedicated solely to storage users. As of this week, there are three. Jon Toigo’s Data Management Institute started the ball rolling in May. This week, the Association of Storage Networking Professionals (ASNP) joined the fray, and the Information Storage Industry Center (ISIC) at the University of California, San […]

Friday was a good day be a publicly-traded employment Web site. Shares of Monster Worldwide soared 10% on the first sign of employment growth in the U.S. economy in seven months. Jobs growth has been the one thing lacking in the economy’s recovery, and September’s unexpected gain of 57,000 jobs gave investors and economists hope […]

Sun Microsystems’ week got even worse on Thursday when a top technology analyst had some unusually harsh words for the company. Steve Milunovich of Merrill Lynch told Sun in an open letter that the company needs to cut 5,000-7,000 employees and accept its fate as a niche technology player or risk extinction. Sun’s problems began […]