Plexus Corp (PLXS) went on a run after putting in a breakaway gap (the first gap highlighted in yellow on the chart below). After trending higher, PLXS put in another gap, a measuring gap, on a strong earnings report. It appeared as if PLXS was on its way to 50, then the bears took over the market. PLXS quickly reversed direction, put in a rounded top, and filled the measuring gap.

The stock is now trading near its 9-month uptrend line with RSI levels at approximately 30. This may be a good time to pick up a few shares of PLXS. The rounded top is a bearish signal, but the filling of the gap may be a sign that a reversal is in the very near future.

Las Vegas Sands Corp (LVS) had been on a tear since mid-October 2005. The run in the stock price was primarily due to the future growth prospects in the Macau market. Macau is the only area in China in which casino gambling is legal, and the Chinese appear to love their gambling according to the returns LVS has already seen in that market.

As you can see on the 9-month daily bars chart above, LVS has taken a big hit since topping off just above 72. Tuesday, the stock tumbled on news of a new IPO that is going to be a pure play on the Macau casino market. Is this a good opportunity to purchase LVS for some quick cash? The break through the uptrend line support on heavy volume is a bearish signal. That coupled with the fact that RSI has some room before indicating oversold levels would keep me away for now. The fundamentals are there for a bullish future, so continued weakness causing RSI levels to drop to 20 or below will likely lead to a bullish position in LVS.

Apple Computer Inc (AAPL) has show a lot of weakness over the past two weeks, but it looks like it may be time for a turn around. At the end of the trading session yesterday, AAPL was able to put in a small up trend and close the day with high volume buying interest.

There are two things that must occur in order for a bullish outlook in AAPL to hold. First, the stock must get through significant psychological and proven resistance at 64. Then, AAPL will have to push its way through resistance at 64.25. If AAPL is able to successfully surpass both levels of resistance, it should continue to 65 before meeting another level of potential resistance.

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.