Lockheed Martin Corp (LMT) presents a bullish 6-month daily bars chart. The stock has traded on an uptrend line for the past six months. The trendline is clearly worth noting, because of the amount of times it has been successfully tested. LMT has tried to break away, but has met solid resistance at 78. This resistance is creating a potential ascending triangle formation. The price action is just about two-thirds into the triangle, so we should know very soon if this is in fact an ascending triangle. If LMT does not break out of either side of the triangle by three quarters completion, the formation is void.  The fact that LMT was uptrending prior to creating what looks like a potential ascending triangle is a bullish sign for the stock.

Rambus Inc (RMBS) needs some V8. This stock is not healthy.  After some pre-Fed consolidation, the stock has just tanked. Now, I realize that virtually every tech stock has tanked since the Fed's announcement, but RMBS has dropped some 10%.  Is there still some downside potential?

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.