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

Monday, April 03, 2006

What I'm Watching For Tue Apr 4, 2006

For the past two trading days, General Electric (GE) has tried to test the $35 level, but failed. Tomorrow I will be watching this level closely. GE closed at $34.69.

I have tried to stay away from Micron Tech (MU) for about two weeks while it tried to decide which direction it wanted to go. But today it burst up and may break out of it's trading range. We'll see if it can continue upwards tomorrow. MU closed at $15.45.

For the next little while, I will be watching Corning (GLW) closely. Since mid-March it has been ranging between $27 and $28. I'll be watching to see if either of these levels break. GLW closed at $27.53.


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