Paul Shread

The Nasdaq and S&P 500 had major breakouts yesterday, but the bottoming patterns we pointed out in several leading stocks two weeks ago haven’t led to many breakouts just yet. The inverse head and shoulders bottoming patterns have led to a few breakouts so far: CMGI and Network Appliance broke out a couple of weeks […]

Stocks continued to soar on hopes that the Federal Reserve rate cuts will revive the economy. The Nasdaq led the way with a triple-digit gain on surging volume. The ISDEX http://www.wsrn.com/apps/ISDEX/ soared 22 to 294, and the Nasdaq bolted 106 to 2305, the Nasdaq’s highest close since February and the point where the Federal Reserve […]

Stocks fell Friday on concern that signs of economic improvement could mean less aggressive rate cutting by the Federal Reserve. The ISDEX http://www.wsrn.com/apps/ISDEX/ lost 6 to 254, and the Nasdaq fell 21 to 2107. The S&P 500 declined 9 to 1245, and the Dow dropped 89 to 10,821. Volume was unchanged at 1.06 billion shares […]

The next week could prove to be a pivotal one for the stock market, determining whether the move out of the current trading range will be up or down. Beginning with the Producer Price Index and Michigan consumer sentiment this morning, and continuing through next week’s Federal Reserve meeting and key technology earnings reports, the […]

Rate cuts by the European Central Bank and the Bank of England gave stocks an early boost on Thursday, but the Nasdaq gave back all of its gains and then some on earnings concerns. The ISDEX http://www.wsrn.com/apps/ISDEX/ lost 4 to 261, and the Nasdaq fell 27 to 2128. The S&P 500 was unchanged at 1255, […]

Over the last year or so, the stock market has produced stunning disparities between the most and least popular stocks on a couple of occasions. The result is usually bad when you’re holding the most popular stocks at their peak, which is what technology and Internet investors experienced during the last year. But if you’re […]

If investors were looking for signs from Cisco Systems that networking and telecom equipment spending had bottomed, they didn’t get it. In fact, the company’s conference call last night gave the impression that both the enterprise and service provider businesses are still declining. Cisco said it sees some positive signs that suggest a bottom is […]

Cisco Systems traded lower after hours after the company topped estimates by a penny, but offered little in the way of new guidance. Blue chips lost ground during the day on a weaker than expected productivity report. The ISDEX http://www.wsrn.com/apps/ISDEX/ rose 2 to 275, and the Nasdaq climbed 25 to 2198. The S&P 500 declined […]

A chart pattern that marked tops in many tech stocks a year ago is beginning to show up in reverse in many of the same stocks, signaling a potential bottom. The pattern is called the head and shoulders, and it marked major tops last year in stocks like AOL, Amazon.com and JDS Uniphase. The pattern’s […]

If you felt like you were living through stock market history over the last year, you were right. It is a truism of technical analysis that all bear markets at some point break their downtrends, the main trendline beginning at the peak that marks the progression of a bear market. The only exception to that […]

Stocks plunged Friday morning on the worst unemployment report in a decade, but then recovered to close sharply higher on hopes for further rate cuts. The ISDEX http://www.wsrn.com/apps/ISDEX/ surged 8 to 283, and the Nasdaq rose 45 to 2191. The S&P 500 climbed 18 to 1266, and the Dow soared 154 to 10,951. Volume declined […]

In a year in which networking and telecom equipment stocks have imploded, Tellabs has held up remarkably well. It’s also a heck of a lot cheaper than the competition. With Nortel and Lucent losing money and Cisco Systems barely clinging to profitability, Tellabs continues to earn 30-40 cents a share each quarter. And at a […]