ExxonMobil Corp (XOM) is near two support levels. The stock is sitting right on support at 60. This support level consists of a mix of previous support, and previous resistance turned support. The next level of support is 59. 59 has proven to be a solid support level for XOM, and should continue to do so if tested.
Apple Computer, Inc (AAPL) has been downtrending for quite some time. Yesterday, as the rest of the market sold off, AAPL held strong at 60 support. 60 proved to be a major support level. This support level makes AAPL a "must watch." A break through 60 support would indicate some pretty quick potential downside action. A move to 60 with low RSI and a fairly strong market environment would present a great buying opportunity.


Tom Online Inc (TOMO) is a China-based wireless Internet company. The street loves this stock due to the growth potential, but it has recently seen some heavy selling pressure. The stock is beginning to look very attractive at these levels. RSI levels suggest TOMO is over sold. We also have a significant psychological barrier/support level at 20.

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.