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- internet.com's - M A R K E T C L O S E By Paul Shread (mailto:pshread@internet.com) http://www.isdex.com http://www.internetstockreport.com/close/article/0,1785,1701_780731,00.html ___________________________ Sponsors ________________________________ This newsletter sponsored by: internet.com Careers Channel _____________________________________________________________________ Intel Boosts Stocks After Hours /-------------------------------------------------------------------\ **JOB SECURITY -- CAREER GROWTH -- CHALLENGING POSITIONS** The internet.com Careers Channel is powered by dice.com, the leading online Information Technology (IT) job board. Whether you need to start your new job today, are searching for your dream job, or are just wondering what your skills are worth, you'll find the tools you need to land your next great job. Don't wait any longer! http://www.internet.com/sections/careers.html \--------------------------------------------------------------adv.-/ June 7, 2001 - Intel rose after hours Thursday after announcing it will meet estimates this quarter. Nasdaq futures traded up 2%, on top of a 2% gain during the day. The ISDEX http://www.wsrn.com/apps/ISDEX/ added 3 to 269, and the Nasdaq surged 46 to 2264. The S&P 500 rose 6 to 1276, and the Dow added 20 to 11,090. Volume edged higher to 1.27 billion shares on the NYSE, but declined to 1.62 billion on the Nasdaq. Advancers led 15 to 14 on the NYSE, and 20 to 16 on the Nasdaq. For earnings reports, visit our earnings calendar at http://www.wsrn.com/apps/earnings/internet.xpl and reported earnings at http://www.wsrn.com/apps/earnings/ireported.xpl. For after hours quotes and news, visit our after hours trading site at http://www.afterhourstrading.com. Intel (NASDAQ:INTC) rose more than a point after hours after saying revenues will be "slightly below the midpoint" of the range it provided on April 17. But Handspring (NASDAQ:HAND) fell on an earnings warning. During the day, Microsoft (NASDAQ:MSFT) rose 1.32 to 73.68, breaking out of a 10-month base. Chip stocks surged 7.7% after National Semi (NYSE:NSM), up 3.07 to 31.04, beat estimates with a breakeven quarter and said the worst may be behind the industry. Broadcom (NASDAQ:BRCM), up 5.14 to 40.71, warned but said it is seeing an improvement in orders that could lead to a rebound later this year. S1 (NASDAQ:SONE), the best-performing Net stock last month, soared 2.35 to 13.85 on an alliance with IBM (NYSE:IBM). Loudeye (NASDAQ:LOUD) soared .58 to 1.79 on a deal with Napster. Check Point (NASDAQ:CHKP) rebounded 3.31 to 52.50 on comments from First Union that the sell-off in the stock was overdone. Salomon Smith Barney handicapped the winners and losers from the SuperComm conference. The firm was cautious on Redback (NASDAQ:RBAK), Juniper (NASDAQ:JNPR) and Nortel (NYSE:NT), and positive on Cisco (NASDAQ:CSCO), Extreme (NASDAQ:EXTR) and Foundry (NASDAQ:FDRY). Some technical comments on the market: Note: We include charts in the technical market commentary. If you can't get the charts via the e-mail newsletter version, try this link: http://www.afterhourstrading.com/column.html The Nasdaq broke through 2252 resistance today and is clearly headed higher tomorrow. Tonight we're going to take a look at the bigger picture since the April lows and see what's forming, because at least for now, the chart patterns forming off the lows look mainly bearish. The Nasdaq (first chart) and Nasdaq 100 (second chart) could be forming either bearish rising wedges (the black lines), or head and shoulders tops (the blue lines). Our best guess is that they're rising wedges, and that those upper trendlines will be reached in the near-term, but that's just a guess based on the surprising strength in the market. However, at least one cycle watcher is expecting a significant peak in the June 18-June 26 timeframe. Those patterns make 2100-2150 on the Nasdaq and 1760-1850 on the Nasdaq 100 important support. A look at two possible outcomes: the Nasdaq 100's bearish rising wedge rally of last summer (third chart), and the Dow's bullish negation of a rising wedge at 10,300 in mid-April and subsequent nicely-formed uptrend (fourth chart). We'll watch the charts for clues as to how these patterns will resolve. Also notice that the S&P 500 (fifth chart) and S&P 100 (sixth chart) could be forming head and shoulders tops within otherwise nicely shaped uptrends. Note that the Dow and S&P 100 bounced off their uptrend lines today. Special report: For a free introduction to technical chart patterns and an overview of last year's action in the stock market, visit http://www.internetstockreport.com/guest/article/0,1785,2571_500051,00.html. Disclaimer: Neither internet.com nor the writers of this newsletter makes specific trading recommendations or gives individualized market advice. Information contained in this newsletter is provided as an information service only. internet.com recommends that you get personal advice from an investment professional before buying or selling stocks or other securities. The securities markets are highly speculative areas for investments and only you can determine what level of risk is appropriate for you. Also, users should be aware that internet.com, its employees and affiliates may own securities that are the subject of reports, reviews or analysis in this newsletter. Although internet.com obtains the information reported herein from sources that it deems reliable, no warranty can be given as to the accuracy or completeness of any of the information provided or as to the results obtained by individuals using such information. Each user shall be responsible for the risks of their own investment activities and, in no event, shall internet.com or its employees, agents or affiliates be liable for any direct, indirect, actual, special or consequential damages resulting from the use of the information provided. internet-stock-report-text Is Powered By http://By.SparkLIST.com/ In-house vs. Outsourced Email List Hosting: Are you paying too much for your email list management? Download the FREE REPORT: http://SparkLIST.com/free-report/ internet-stock-report-text Is Powered By http://By.SparkLIST.com/ SparkLIST delivers high volume fast and reliable email newsletter outsourcing which allows you to focus on your core business. Contact us: mailto:free-quote@sparklist.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Advertising: If you are interested in advertising in our newsletters, call Frank Fazio on 1-203-662-2997 or send email to mailto:ffazio@internet.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ For contact information on sales offices worldwide visit http://www.internet.com/mediakit/salescontacts.html ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ For details on becoming a Commerce Partner, contact David Arganbright on 1-203-662-2858 or mailto:commerce-licensing@internet.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To learn about other free newsletters offered by internet.com or to change your subscription visit http://e-newsletters.internet.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ internet.com's network of more than 150 Web sites are organized into 16 channels: Internet Technology http://internet.com/it E-Commerce/Marketing http://internet.com/marketing Web Developer http://internet.com/webdev Windows Internet Technology http://internet.com/win Linux/Open Source http://internet.com/linux Internet Resources http://internet.com/resources ISP Resources http://internet.com/isp Internet Lists http://internet.com/lists Download http://internet.com/downloads International http://internet.com/international Internet News http://internet.com/news Internet Investing http://internet.com/stocks ASP Resources http://internet.com/asp Wireless Internet http://internet.com/wireless Career Resources http://internet.com/careers EarthWeb http://www.earthweb.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To find an answer - http://search.internet.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Looking for a job? 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