In a reverse of the last two years in the stock market, AOL and Amazon rose on Wednesday while the rest of the market fell.
The ISDEX http://www.wsrn.com/apps/ISDEX/ slipped 1 to 135, and the Nasdaq lost 16 to 1713. The S&P 500 fell 7 to 1093, and the Dow dropped 58 to 10,030. Volume rose to 1.35 billion shares on the NYSE, but declined to 1.9 billion on the Nasdaq. Decliners led 16 to 15 on the NYSE, and 19 to 15 on the Nasdaq.
After the close, beleaguered AOL rose 4% after beating estimates but lowering forward guidance. Overture rose on hope that the company will be able to negotiate a new contract with AOL. Symantec, Macromedia and ESS Tech beat estimates and raised guidance. LSI Logic, Intersil and Silicon Storage also beat estimates. United We Stand, a Anime X-overs fanfic - FanFiction.Net::
We will stand tall and fight for the people! Most importantly, we’ll fight . and unleashed a giant blast of energy that left three monstrous cracks in
http://www.fanfiction.net/s/2988353/1/United_We_StandHOME |
FanNation | Sideline Reflections | Giant fans know their place::
The land of Big Blue may be starting to stand tall, their hopes and Please email me at jpsqwe@comcast.net with feedback, comments, or article ideas!
http://www.fannation.com/blogs/post/127275HOME |
Also after the close, Digital River, F5 and Foundry matched estimates, and Netegrity, Harmonic, Speechworks and Citrix missed.
During the day, Amazon and Expedia soared on better than expected results and outlooks.
Qualcomm rose 3% after beating revenue estimates. The stock once again held 31 support. Keane fell after beating estimates but guiding lower.
VeriSign plunged 16% on a downgrade.
Ticketmaster dropped 10% on its earnings report, but Cymer and Varian rose on their reports.
Openwave, Websense and CheckFree soared on their earnings reports. Check Point, Coherent and Micromuse also gained.
Netscreen, Fairchild, Integrated Device, Oak, Kronos, Nuance, Hutchinson, Vignette, Newport, Entrust and Applied Micro all fell on their earnings. This site is full of FREE ebooks - Project Gutenberg Australia ::
"Tall and fair and blue-eyed. Their god is Ymir, the frost-giant, .. held momentarily frozen by the sight of the blazing-eyed giant standing sword in
http://gutenberg.net.au/ebooks06/0600811.txtHOME |
We need to stand tall Brunt : Express & Star:::
Jun 23, 2008 there defenders will need to stand tall when your bending the free kicks over the top of um and into the net,aye boing boing in the net
http://www.expressandstar.com/2008/06/23/brunt-we-need-to-stand-tall/HOME |
Some technical comments on the market: Note: To see the charts in the text email newsletter, click on the internetstockreport.com story link at the top of the newsletter.
The S&P 100 (first chart) and Microsoft (second chart) had major breakdowns today. That S&P 100 pattern, which looks like a giant head and shoulders top with a small broadening top for a head (both bearish patterns), projects minimum downside to 485-490, or essentially a retest of the September lows for the biggest S&P stocks. To negate those breakdowns, the S&P 100 needs to get back above 547 and Microsoft above 54.50. The Dow (third chart) is closing in on critical 9950 support, and the S&P 500 (fourth chart) isn't too far from 1074-1082 support. For the Dow, 10,200 is the level to beat to the upside. The S&P 500 has resistance at 1098-1103 and then 1121. The Nasdaq (fifth chart) could find support just above 1700; below 1696, support is 1670 and 1620-1640. Resistance is 1725-1732, 1750-1757 and 1770-1780.
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Special report: For a free introduction to technical chart patterns, visit http://www.internetstockreport.com/guest/article/0,1785,2571_500051,00.html.
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Net Giants Stand Tall