Yesterday's market was very choppy and range bound. It showed weakness for the majority of the day, then closed stronger. The Dow, S&P, and NASDAQ were able to stay out of the negative for the day.

One thing to keep in mind when assessing today's market is tomorrow's market holiday, Good Friday. This could mean profit taking for the sake of not wanting to hold positions over a 3-day weekend...just something to keep in mind. That said, US futures are slightly up, and so is the yield on the 10 year. The 10-year Treasury Note is currently trading at 5%, which is a fairly touchy psycologocal level. This will likely bring selling pressure to the stock market. Commodities appear to be about half up and half down, but the two majors, oil and gold, are both down. Lower commodities may help neutralize the selling pressure from bond yield levels, but there's no way of telling where commodities are headed later in the trading session.

Amazon.com Inc (NASDAQ: AMZN) is on our radar today. It showed relative strength all day yesterday, but finished very weak. AMZN is also approaching resistance turned support level at 36. If the stock is able to break through 36 with decent volume, there isn't much significant support. This provides day traders with an opportunity to short the stock with a tight stop, presenting a high reward to risk situation.

Network Appliance Inc (NASDAQ: NTAP) presents a bullish opportunity from a technical standpoint. The stock is moving back to its up trend line, as so many others are in the current market environment. The icing on the cake is the fact that the point at which NTAP has pulled back to not only meets the up trend line, but also a nice support level at 36. The chart below is a 6-month daily bars chart. To get a better look at the 36 support, zoom in to the 20 day.

Triquint Semiconductors (NASDAQ: TQNT) presents a decent technical set up here. The key to a successful trade with this set up is to know what to look for and act quickly. TQNT was trading in a sideways continuation pattern with support at 4.20 and resistance at 5 for a good 6 months. It then broke through resistance at 5 and began moving higher. The overall market has shown a little weakness, resulting in a pullback to 5 which was once resistance and is now support.

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.