Best Buy (BBY) looks like it may have a little more downside action to come. The stock is currently breaching well into a gap up that it produced February 9. After gapping up, the stock continued to climb until meeting resistance at approximately 59. BBY then put in an island top reversal and began its descent.

The gap fill point for BBY is 48.80. The stock should see support at this level, but may break support and continue lower.

One look at the 20 day daily bars chart on Ross Stores, Inc. (ROST) and you will notice the stock is sitting on a support level. Support at 27 has held strong on three prior occasions, and the stock is testing the level once again. One thing I noticed off the bat...ROST is not bouncing off support quickly as it has in the past. The stock down trended towards the support level, and is now treading along 27. With the bearish environment, it is likely the support level will break. RSI levels are low, suggesting that the stock is over sold, so price action in today's market will be very important.

Broadcom Corp (NBRCM) has not seen much buying interest in quite some time. The stock has traded at relative weakness to the market for the past two days, but found support at 30 in Wednesday's trading session. This support level may prove solid, or BRCM may run through it and continue lower.

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.