Paul Shread

We may finally be getting the mid-month pullback we were looking for; now we’ll see if the indexes can make this correction a shallow one. The S&P (first chart below) stopped right at its March uptrend line today; any move lower from here would break that line, with 1427-1430 the next possible support zone. To […]

Shares of Research in Motion took a hit late Wednesday after the company report quarterly earnings and sales that were just below Wall Street estimates. RIM’s sales were up 66% to $930.4 million in the quarter ended March 3, but that was below the $935 million analysts expected, and earnings of 99 cents a share […]

With new highs in the NYSE and its advance-decline line (first two charts below), can the rest of the market be far behind? A pretty solid technical picture there bodes well for the rest of the market. For the broad list, it seems the correction ended as quickly as it began. The Nasdaq (third chart) […]

Technology stocks got a boost Tuesday from a number of analyst upgrades. Chip stocks were one of the strongest sectors on the day, thanks to a 4% gain in shares of Applied Materials on a Bank of America upgrade from neutral to buy on strength in the chip equipment giant’s solar power equipment business. Intel […]

April is so far living up to its reputation as a pretty good month for stocks. If the pattern holds, we could face a dip into the middle of the month and then a solid last couple of weeks to the month. Certainly today’s hesitation by traders could be the start of a pause. The […]

Stocks were little changed Monday, as traders mulled a warning from AMD , a stronger than expected monthly jobs report and a steep drop in oil prices. AMD shares rose despite news that its price war with Intel remains fierce, as traders focused instead on the company’s plans to reduce costs. Intel shares gained on […]

Just weeks after acquiring file virtualization startup NeoPath Networks, Cisco Systems has ceased selling NeoPath’s products. In a notice on the NeoPath Web site, Cisco said that “all existing NeoPath products have been withdrawn from active sale.” Cisco said in a statement that NeoPath’s 34 customers have service contracts ranging from one to three years, […]

E-mail archiving startup Mimosa Systems has raised $17 million in its third round of funding, raising its total haul to date to $34.5 million. The round, led by Mayfield Fund with participation from current investors Clearstone Venture Partners, August Capital and JAFCO Ventures, will be used to expand sales and marketing of its NearPoint e-mail […]

Note: The Technical Analysis will be on hiatus next week and will return Monday, April 9. A tough end to a tough quarter, as all the indexes traded in a wide range during the quarter only to end it little changed. April tends to be a pretty positive month, though, and with market-positive sentiment, next […]

Stocks ended the first quarter Friday much as they spent it: with a lot of volatility and little to show for it. Stocks rose in early trading Friday on strong personal spending and Midwest manufacturing reports, then reversed course when the U.S. imposed trade sanctions on China. The market fell sharply on the news, then […]

Dell shares fell in late trading Thursday after the company once again delayed its annual report because of growing accounting concerns. Dell said its Audit Committee has identified “a number of accounting errors, evidence of misconduct, and deficiencies in the financial control environment,” but the company did not detail the findings. The committee is working […]

Gresham Enterprise Storage isn’t a household name in data storage, but the UK firm hopes to change that. Gresham says it has sold 4,300 licenses of its Gresham Clareti Enterprise DistribuTape (EDT) application, which helps IBM Tivoli Storage Manager (TSM) users improve the efficiency, manageability and reliability of their tape storage operations. The company says […]