Commerce Bancorp, Inc (CBH) has a significant amount of support just under its current share price. The stock has support from an up trend line that it's pulling back to, as well as proven previous support at 37. Price action at this support level will give indication as to the continued direction of CBH.

Notice the large volume spike from Monday. The increased volume occurred on a down day for the stock which must be noted in the analysis. If it easily passes through support, the stock will likely continue lower at a fast pace. In the event the stock once again finds support, it's a good indication that a long position is in order.

Baidu.com (BIDU) put in a strong performance in yesterday's weak market. The stock showed relative strength to the market for the majority of the day. BIDU put in a nice up trend line, and continued to trend higher all the way into the closing bell.

Freddie Mac (FRE) has a number of things going wrong for it. The stock has seen some major selling pressure for the past few months. It recently put in a breakaway gap to the downside, which also pushed it through a significant support level at 59. The support level will now act as resistance, and it will couple with the gap bottom 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.