Paul Shread

The Dow (first chart below) closed right at 9200-9250 resistance today. Above that level, the blue chips have room to run. 9100-9110 is first support, and 9060 is critical. The Dow is wound up in a 150-200 point range and will have to decide soon which way it’s going to break. The Nasdaq (second chart) […]

AOL’s better than expected earnings failed to boost the stock on Wednesday, as troubles in the online unit and new accounting concerns outweighed the positives in the report. The AOL unit was the only one of AOL Time Warner’s six divisions to report a year-over-year decline in revenue, and subscriber losses exceeded estimates. AOL also […]

Quantum has added tape storage management features to its DLT (Digital Linear Tape) line as part of an effort to counter the growing popularity of the LTO (Linear Tape Open) format. DLTSage is an architecture-based suite of predictive and preventive diagnostic tools designed to help customers manage their tape storage environments. DLTSage “is designed to […]

The Dow (first chart below) held its lower trendline beautifully today. That line – at about 9050 for tomorrow – is critical support for the market. 9100 is first support, and above 9200-9250, the Dow could run. The Nasdaq (second chart) climbed back into its channel today; a nice reversal. Now it needs to hold […]

Amazon.com beat estimates and raised guidance after the bell on Tuesday. Amazon’s pro forma earnings of 10 cents a share blew past analysts’ 6-cent estimates, and revenues of $1.1 billion topped $1.02 billion estimates. The company also raised third-quarter and full-year estimates. Amazon stock climbed 5% after hours. Also after the close, Sun missed earnings […]

The Nasdaq (first chart below) closed below its lower trendline today, the first significant breakdown the techs have seen in some time. The index could try to reform its lower trendline at 1675. Below that, 1640-1650, 1625 and 1598 are support. 1700 is now significant resistance. The S&P (second chart below) held 975 support today. […]

Stocks fell sharply Monday on yet another day of mixed earnings reports. Lexmark and Check Point Software were the culprits this time, plunging on disappointing results and guidance. Earnings reports generally improved after the close, however. Texas Instruments and Corning beat estimates and raised guidance after hours. Novellus warned that revenues will be lower than […]

SGI , Legato , and three other storage vendors have shattered previous tape backup and restore records. SGI and Legato, along with StorageTek , LSI Logic , and Brocade , announced tape backup and restore benchmarks three times faster than the highest previous marks. The new benchmark of 10.1 terabytes per hour for disk-to-tape backup […]

Microsoft gave investors reason to celebrate Friday with better than expected results and guidance. However, the company’s own stock managed only a small gain after it dashed hopes for a dividend boost. But investors seized the opportunity to bid up stocks on one of the few genuinely positive technology earnings reports that the second quarter […]

The best thing we can say for today is that the Nasdaq and the Dow (first two charts below) held some very critical support levels, and that’s no small positive. Those levels for tomorrow are 1693 on the Nasdaq – which will have twice the support it had today because the index’s rising trendline from […]

Microsoft missed earnings estimates by a penny after the close on Thursday, but better than expected revenues and guidance sent the company’s stock modestly higher after hours. Earnings of 23 cents a share missed estimates of 24 cents, but $8.07 billion revenues beat the $7.87 billion consensus, and the company boosted September quarter and full-year […]

So much for yesterday’s call; the only gap up that held today was Intel’s. We’ll stick to setting the levels and let the market dictate direction. If nothing else, the failure of today’s gap to hold suggests a tired market, or one that isn’t seeing the hoped for signs of recovery. Microsoft’s earnings tomorrow night […]