This morning's positive jobless claims report has driven speculation that tomorrow's significant employment report will be better than expected. Jobless claims decreased by 5,000 to 299,000. Economists were expecting an increase from 302,000 to 305,000. Futures are trading lower this morning for the first time in a few days. It's amazing, bad news makes the futures market go up, while good news makes it go down...go figure. Nasdaq and S&P closed flat again yesterday, with a slight increase in the Dow.

Apple Computer Inc (NASDAQ: AAPL) had a big day yesterday on news that Apple will now be compatible with Microsoft's Windows XP operating system. This brings a whole new potential audience to Apple's front door. Will the news be enough to keep AAPL thriving today? A key resistance level at 68 on the 20 day chart should give us good indication.

If AAPL is able to break through 68 on heavy volume, it won't see much resistance until it's in the 70's.

Hewlett-Packard Co (Ticker: HPQ) is sitting at the top of a consolidation channel. The stock has been in this sideways continuation pattern for approximately two months with support at 32 and resistance at 34.50. With a closing at 34.36 yesterday, it is obvious that the stock is worth monitoring today.

Will HPQ breakthrough 34.50 on heavy volume suggesting a buy is in order, will it hit a brick wall at 34.50 and move lower suggesting a short, or will it stay flat?

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.