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

Wednesday, February 28, 2007

On Tap For Thu Mar 1, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

The list:
  • The following companies reported after the close today (these are not all the companies that reported after the close - just the ones I'm watching):

  • The following companies are reporting tomorrow morning (these are not all the companies reporting tomorrow - just the ones I'm watching):

  • Motorola Inc. (MOT) was active during after-hours trade after Carl Icahn filed to buy more MOT shares...MOT was up 3.5% in after-hours; MOT closed at $18.52
  • AK Steel Holding Corporation (AKS) was up strong today after it announced an agreement with it's union to end a year-old lockout...it closed near resistance and near it's 52-week high; AKS closed at $23.13
  • Worthington Industries Inc. (WOR)* was up 9.5% today on no news in particular (perhaps it's just a bounce from the day we had yesterday) and closed near some resistance; WOR closed at $19.91

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Tuesday, February 27, 2007

On Tap For Wed Feb 28, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Let's see if I can make back some of the money I lost these past few days. After a day like today, anything can happen tomorrow so I'll mainly be playing it by ear. Here's the list:

  • Watson Pharmaceuticals, Inc. (WPI)* reported after the close today, but after the moves made by the markets today, I'll watch to see where this one goes
  • The following companies are reporting before the open tomorrow (these are not all the stocks reporting before the open - just the ones I'm watching):

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Monday, February 26, 2007

On Tap For Tue Feb 27, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Tonights list seems to be longer than usual as there are quite a few companies reporting. Here it is:

  • The following companies reported after the close today (please note that these are not all the companies that reported after the close today - just the ones that I'm watching):
Herbalife Ltd. (HLF) - up in after-hours
Nordstrom Inc. (JWN) - down in after-hours
Superior Energy Services Inc. (SPN) - up in after-hours
GlobalSantaFe Corporation (GSF) - reported late Monday
Helix Energy Solutions Group Inc. (HLX)* - reported late Monday

  • The following companies are reporting before the bell tomorrow....I'll be watching for surprises (note that these are not all the stocks reporting before the bell - just the ones I'm watching):

  • Finally, I'm going to continue to watch Advanced Micro Devices Inc. (AMD)* as it was up 6.7% today on buyout rumors...I didn't have much success trading it today, but I'll see about tomorrow....could this be the news that turns this stock around? AMD closed at $15.68

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Thursday, February 22, 2007

On Tap For Fri Feb 23, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Tomorrow there are fewer stocks of interest that are reporting, so I've got more technical "stocks to watch" tonight. Here they are:

  • The following companies reported after the close today (please note these are not all the companies that reported after the close - just the ones I'm watching):

  • The following companies are reporting before the bell tomorrow (please note these are not all the stocks reporting before the bell tomorrow - just the ones I'm watching):

  • NovaStar Financial Inc. (NFI) continues to take a beating (along with other sub-prime mortgage lenders) and today it was down another 7.5%...I'll keep an eye on this one; NFI closed at $9.34
  • McAfee, Inc. (MFE) just ripped through some resistance today as it was up over 4%...there wasn't any news on MFE that I could find; MFE closed at $31.48
  • I liked the way Halliburton Company (HAL) moved today and I shall continue to watch it tomorrow; HAL closed at $31.51
  • Analog Devices, Inc. (ADI) gapped up and kept going up after it reported good earnings before the bell today; ADI was up 10.4% today to close at $36.80

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Wednesday, February 21, 2007

On Tap For Thu Feb 22, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Whoa...tomorrow looks like it's going to be a busy day with lots of earnings. I'm watching to see which of the following companies are making big moves tomorrow. Here's the list:

  • The following companies reported after the close today (please note that these are not all the companies that reported after the close - just the ones I'm watching):
Salesforce.com Inc. (CRM) - down in after-hours
Ambercrombie & Fitch Co. (ANF) - down in after-hours
Analog Devices Inc. (ADI) - up in after-hours
Kinross Gold Corporation (KGC) - down in after-hours
Oceaneering International (OII) - down in after-hours
Trinity Industries Inc. (TRN) - up in after-hours
  • The following companies are reporting before the open tomorrow (please note that these are not all the companies that are reporting tomorrow morning - just the ones I'm watching):

  • Finally, I'm watching General Maritime Corporation (GMR) after it declared a special one-time dividend of $15/share after the close today...GMR was up 7.2% in after-hours trade; GMR closed at $39.72

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Monday, February 19, 2007

On Tap For Tue Feb 20, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Alright! Let's get this week started right! Aside from the usual fat stocks (EMC, F, TWX, GE, MOT, MU, ALU) these are the other stocks I'm watching:

  • The following companies are reporting before the open tomorrow (please note these are not all the stocks that are reporting before the bell - just the ones I'm watching):


Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Wednesday, February 14, 2007

On Tap For Thu Feb 15, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Here's what I'm watching for tomorrow:
  • The following companies reported after the close today (please note that these are not all the companies that reported after the close - just the ones I'm watching)
Guess? Inc. (GES) - up in after-hours trade
Terex Corporation (TEX) - up in after-hours trade

  • The following companies are reporting before the open tomorrow (please note that these are not all the companies that are reporting tomorrow - just the ones I'm watching):

  • CSX Corporation (CSX)* made yet another strong move to the upside today and continues to make all-time highs...I just wished I traded this more than I did today; CSX closed at $42.10
  • Weyerhaeuser Company (WY)* was another company that looked strong today despite a downgrade and it too made new all-time highs; WY closed at $81.56

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Tuesday, February 13, 2007

On Tap For Wed Feb 14, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Let's get down to business:

  • The following companies reported after the close today (please note that these are not all the companies that reported after the close - just the ones I'm watching):

  • The following companies are reporting before the open tomorrow (please note that these are not all the companies that are reporting tomorrow morning - just the ones I'm watching):

  • CSX Corporation (CSX)* was strong today as it punched through some overhead resistance and made new all-time highs today...I'm going to watch for opportunities; CSX closed at $39.37
  • Companhia Vale do Rio Doce (RIO) was another stock that was strong today as it closed right around it's all-time highs as well...we'll see where this one goes tomorrow; RIO closed at $34.98
  • Yet another stock that was strong and made new all-time highs today was Southern Copper Corporation (PCU)*...let's see if this one can push higher; PCU closed at $67.25
  • General Motors Corporation (GM) almost, but didn't quite close above it's 52-week high...after gapping up a few trading days ago, this one may move somewhere; GM closed at $36.59

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Monday, February 12, 2007

On Tap For Tue Feb 13, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

My list:
  • The following companies reported after the close today (please note that these are not all the stocks that reported after the close - just the ones I'm watching):
  • The following companies are reporting before the start of trade tomorrow (please note that these are not all the stocks reporting tomorrow - just the ones I'm watching):
  • Finally, I'm going to be watching Alcoa Inc. (AA) as there were rumors about the company after the close today...apparently there are two separate mining companies that may bid for Alcoa...both of these companies are said to have prepared a $40 billion buyout offer; AA closed at $32.90

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Thursday, February 08, 2007

On Tap For Fri Feb 9, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Let's see if a more focused approach will yield better results tomorrow. Here's my personal hit-list:
  • The following stocks are reporting earnings before the open tomorrow (please note that these are not all the stocks that are reporting tomorrow morning - just the ones I'm watching)

  • BMC Software Inc (BMC)* reported earnings after the close today and was trading lower by 5% in after-hours trade after it gave a disappointing outlook for Q4; BMC closed at $35.28
  • QuikSilver Inc (ZQK)* lowered it's 2007 outlook after the close today and was trading lower by 10% in after-hours trade; ZQK closed at $14.52
  • Finally, I'm keeping Electronic Data Systems Corporation (EDS)* on my radar; it was up today after it reported earnings and is now around some resistance at $28...I'm watching to see if it can punch through it; EDS closed at $27.92

One last note for you gold ETF traders out there. As noted at the HybridTalk blog, the gold EFT (GLD), which is traded at the NYSE will start trading at 8:20AM beginning tomorrow. So if you can't wait until 9:30AM to start trading, GLD may be your answer!

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Wednesday, February 07, 2007

On Tap For Thu Feb 8, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Tomorrow should be an exciting day as several big names and some of my favorite stocks are either reporting or are in the news. Here's the list:

  • The following stocks reported after the close today and were active in after-hours trade (please note that these are not all the stocks that reported after the close - only the ones I'm watching for tomorrow):

  • The following stocks are reporting before the open tomorrow (please note that these are not all the stocks that are reporting before the open tomorrow - just the ones I'm watching):

  • Finally, one of my favorite stocks of late, EMC Corporation (EMC)* was actively trading up in after-hours after it announced that it would spin-off a 10% stake in an IPO of one of it's subsidiaries; EMC closed at $13.60

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Tuesday, February 06, 2007

On Tap For Wed Feb 7, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

The list:
  • The following are stocks that are reporting before the open tomorrow (please note that these are not all the stocks that are reporting tomorrow - just the ones I'm watching):

  • The following are stocks that reported after the close today and were moving in after-hours trade (please note that these are not all the stocks that reported after the close - just the ones I'm watching tomorrow):
Lincoln National Corporation (LNC) - up in after-hours
Cameco Corporation (CCJ) - down in after-hours
CB Richard Ellis Group Inc (CBG) - down in after-hours
Computer Sciences Corporation (CSC)* - up in after-hours
BHP Billiton Limited (BHP) - up in after-hours

  • Lear Corporation (LEA) continued to move up today after it's board was advised to reject Icahn's bid for the company, saying that the offer price was too low; LEA was up over 5% in today's trading after an upgrade and a suggestion that a buyout offer could go as high as $60/share; LEA closed at $40.62 and made new 52-week highs today
  • I'm going to continue to watch National-Oilwell Varco Inc. (NOV) as it was up over 9% today after it announced earnings; it's approaching resistance at $68 and that will be a level I will be watching with interest; NOV closed at $65.68
  • I'll also quickly take a look at a stock I used to trade a lot in the past - Corning Incorporated (GLW)* was up strong today on no news that I could find; it closed around a resistance area, so I'll just see what it does from here; GLW closed at $22.37
  • Titanium Metals Corp (TIE) was another stock that was strong today and it managed to close above resistance at $34; I'm watching to see where it goes tomorrow; TIE closed at $34.94

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Monday, February 05, 2007

On Tap For Tue Feb 6, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Today's list is comprised of earnings only...I'm watching to see which ones are gapping tomorrow. Here they are:
  • The following stocks are reporting earnings before the start of trade tomorrow (please note that these are not all the stocks that are reporting - only the ones I'm watching for tomorrow):

  • The following are stocks that reported after the close today (please note that these are not all the stocks that reported after the close today - just the ones I'm watching):
National Semiconductor Corporation (NSM) - trading down in after-hours
Las Vegas Sands Corp (LVS) - trading down in after-hours
Fidelity National Financial Inc. (FNF) - trading down in after-hours
Grant Prideco Inc (GRP) - trading up in after-hours


Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Sunday, February 04, 2007

On Tap For Mon Feb 5, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Not as many stocks on my watchlist tonight...partially because I haven't dedicated as much time looking for them (what can I say? What a great game! Lots of rain and lots of excitement during the first quarter...who could ask for a better, more interesting football game!!!). Here's what I'm watching tomorrow:
  • The following stocks are reporting earnings before the open tomorrow morning (please note that these are not all the stocks that are reporting - just the ones I'm keeping an eye on):

  • After the close on Friday, Herbalife Ltd. (HLF) recieved a buyout offer for $38/share from a private equity group; HLF traded up by over 17% during after-hours trade on Friday; HLF closed at $33.10 on Friday
  • CA Inc. (CA) burst through some resistance on Friday and is nearing it's 52-week high after it reported favorable earnings on Friday; I'm watching to see where it goes from here; CA closed at $26.69 on Friday
  • United States Steel Corporation (X) just keeps on moving up and made new 52-week highs again on Friday; X closed at $85.75
  • Raytheon Company (RTN) was particularly strong on Friday as it blew past resistance and made new 52-week highs; RTN closed at $54.85
  • And finally, look at Salesforce.com (CRM) go! It's been particularly strong the last few trading sessions and is making new all-time highs; CRM closed at $46.75

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Thursday, February 01, 2007

On Tap For Fri Feb 2, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

A shorter list tonight as there aren't too many stocks reporting tomorrow and there weren't too many stocks (that I could find) in the news. Here it is:
  • The following stocks are reporting before the open tomorrow (please note that these are not all the stocks that are reporting tomorrow - just the ones I'm keeping an eye on):

  • Tyco International Inc. (TYC) burst through resistance and it's 52-week high today on no news in particular (that I could find)...it did it on some strong volume so I'll see where it's going tomorrow; TYC closed at $32.86
  • Archer Daniels Midland Company (ADM) was strong today after it reported...I only took one small trade on it today, but tomorrow I'll be watching the $36.00 level; ADM closed at $35.47
  • Titanium Metals Corp (TIE) seems to be a favorite among day traders...today it was up strongly; tomorrow I'm going to see if it can get through this resistance area and I'm watching the $33.50 and the $34.00 levels; TIE closed at $33.18
  • Masco Corporation (MAS) was another stock that was strong as it jumped through some resistance at $32 and closed just beneath it's 52-week high (though it made new 52-week highs intraday)...let's see where it goes tomorrow; MAS closed at $33.62

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Wednesday, January 31, 2007

On Tap For Feb 1, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Let's see if we can all get February off to a good start! Here's the list:
  • The homebuilder Pulte Homes Inc. (PHM) reported after the close today...it swung to a Q4 loss and missed earnings by 2-cents; it was trading lower in after-hours; PHM closed at $34.34
  • The Western Union Co. (WU) also reported after the close...it beat estimates by 2-cents while revenues were in-line with expectations; WU closed at $22.34
  • The following are some of the stocks that are reporting tomorrow before the open (please note that these are not all the stocks that are reporting tomorrow - just the ones I'm watching):

  • The Allstate Corporation (ALL)* fell heavily today on big volume...tomorrow I'll watch to see if the big boys have finished selling this stock or not; ALL closed at $60.16
  • United States Steel Corporation (X) had yet another strong day on some strong volume and convincingly made new 52-week highs...I'm watching to see if it can continue; X closed at $83.49
  • The Estee Lauder Companies Inc. (EL)* was up almost 15% today after it reported earnings...it finished the day rather strong on big volume so I'm watching to see where it goes tomorrow; EL closed at $47.50
  • I don't know how I missed it, but Eli Lilly & Co. (LLY)* reported today and finished the day higher...I'm watching to see if it can move through this congestion area; LLY closed at $54.12

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Tuesday, January 30, 2007

On Tap For Wed Jan 31, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Here are some of the stocks I'm watching for tomorrow. Keep in mind that there is an FOMC announcement at 2:15PM tomorrow, so trade with care.
  • The Allstate Corporation (ALL)* reported after the close today and was trading down by 2.39% in after-hours trade
  • The following are some of the stocks that are reporting tomorrow before the open (please note that these are not all the stocks that are reporting tomorrow - just the ones I'm watching); I'm watching for any surprises:
  • Boston Scientific Corp. (BSX)* pushed past some resistance and ended the day strong today; I'll watch to see where it goes from here; BSX closed at $18.59
  • Pilgrim's Pride Corp. (PPC)* also managed to push through some resistance, making new 52-week highs and ended the day strong; I'm also watching this one to see where it goes; PPC closed at $31.70
  • United States Steel Corporation (X) also ended the day strong as it pushed through it's 52-week high; X closed at $80.27
  • Tesoro Corporation (TSO) looked strong again today and notched another 52-week high; though I didn't get a chance to trade it today, tomorrow I'll watch with more interest as the oil report will be released tomorrow morning; TSO closed at $81.73
Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Monday, January 29, 2007

On Tap For Tue Jan 30, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Lots and lots of earnings...I'm watching these stocks to see how they react tomorrow:
  • There are three companies that reported after the close that I'll watch tomorrow (note that these are not all the stocks that reported after the close - just the ones I'm keeping an eye on); all three were trading higher during after-hours after they reported:
  • The following stocks report before the open and will be the ones I'll watch for any surprises (note that these are not all the stocks that are reporting tomorrow morning - just the ones I'm keeping an eye on):
  • I'll keep an eye on USG Corporation (USG)* after it traded down today after a disappointing earnings report...I'm going to watch to see if there is further weakness; USG closed at $52.60
  • I'm also going to watch Tesoro Corporation (TSO) after it popped up after a good earnings report today; to burst through resistance and broke through it's 52-week high convincingly today; TSO closed at $78.55

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Sunday, January 28, 2007

On Tap For Mon Jan 29, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Before I get started, there are a couple of things I want to mention:

  1. I finally got around to updating the site and I've added several other blogs to the "Links To Other Blogs" section. I've been meaning to update it for a long time now, so I'm glad I finally did it (and it took me longer than I expected).
  2. For those of you who are unaware, the NYSE completed it's Phase III rollout last week Wednesday (Jan 24). This means that all stocks on the NYSE should now operate more electronically and fills should be much quicker on all stocks .
  3. Phase IV of the Hybrid market began last week Thursday (Jan 25). The main thing us traders need to be concerned with is the introduction of two new order types (the other changes are mainly for floor brokers and for the specialist). For more info, please check out the Hybrid market blog at Hybrid Talk.
  4. In my "On Tap" posts, I will start identifying stocks that are part of the SHO Pilot program with a "*" beside them and by highlighting them in green. This will mean that the stocks marked with a "*" (and highlighted green) can be shorted on a downtick as they are part of the SHO Pilot program run by the NYSE. For more info on the SHO Pilot program, check out the NYSE website and their Regulation SHO Pilot Lists.

OK - let's get down to business! I'm ready to tackle a full week of trading, so let's get things on the right foot tomorrow!

Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.

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Thursday, January 18, 2007

On Tap For Fri Jan 19, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Some big companies with earnings are in tonight's list...here's what I'm watching tomorrow:

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