An NYSE Scalper's Tale - A Trader's Diary

Thursday, March 30, 2006

What I'm Watching For Fri Mar 31, 2006

Aside from my usual stocks, tomorrow I'll be closely watching General Electric (GE). Today it was up on good volume and hit resistance at $34.75. The catalyst for today's move was that Morgan Stanley sees GE's stock price doubling within three years. If GE opens below $34.75 tomorrow, I'll watch for that resistance level to break. GE closed at $34.65.

Also today, Texas Instruments (TXN) gapped up after Nokia (NOK) lifted it's growth expectations for 2006. TXN is a major chip supplier to Nokia, hence the strong move up. We'll see where it goes tomorrow. TXN closed at $33.08.


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