MGIC Investment Corp (MTG) has seen heavy buying over the last week, and has broke out of its downtrend. After breaking above resistance, MTG has held above resistance turned support for two sessions. Depending on what happens today, we might want to swing MTG long over the next week.



EMC Corporation (EMC) is trading down almost 10% after reporting earnings this morning. EMC's profits rose, but it seems like the Street was more concerned with its subsidiary VMware Inc, (VMW). VMW missed earnings when it reported after the close Monday.



McDonalds Corporation (MCD) reported earnings on Monday, and as a result has sold off. Over the last few years, MCD has created a very strong uptrend. This sell-off in MCD is providing an opportunity to buy MCD at uptrend support. I would go long MCD at these levels.



Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.