McAfee, Inc. (MFE) is not healthy. Somebody give this stock some vitamins!  After a large gap to the downside due to earnings, the stock has continued to fall. RSI levels are low and suggest the stock may be oversold, but I don't believe that's the case just yet. Until I see a break of downtrend line resistance and a close above it for two consecutive trading sessions, I have no interest in a long position.

I'll keep a close eye on the downtrend line resistance level. Once I see a pullback to the resistance line, I will watch other indicators and possibly enter a short or long position in the stock depending on the circumstances.

Broadcom Corporation (BRCM) caught my interest once again this morning when looking through potential daytrade setups. The stock traded at relative strength to the market throughout yesterdays entire trading session. It closed out the day in a consolidation pattern with support at 25.95 and resistance at 26.17.

I'll keep my eye on on the consolidation support and resistance levels. A break-out of either level will give a good indication as to BRCM's plans.

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.