CNET Networks, Inc. (CNET) is trading right at downtrend line resistance. The resistance level has seen two touches and a few near touches. This resistance level is valid, and the price action should be watched closely.

QUALCOMM (QCOM) has been a volatile stock as of late. The stock closed weak during a rally at the end of the trading session yesterday. There are two levels of support; one at 34.27, the other at 34.15.  Due to the relative weakness during the end of day rally yesterday, we suspect QCOM may continue to weaken.

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.