Friday was options expiration day. The market is typically somewhat volatile in the morning session, then fairly flat in the afternoon. Not this time.  The market started strong, showed a slight sign of calming, then continued to strengthen into closing. The Dow, NASDAQ, and S&P all closed in positive territory.

US stock futures are trading lower this morning, suggesting a gap to the downside this morning. There isn't much news on the economic calendar until Wednesday and Thursday. Overall, nothing on the calendar this week that should move the market dramatically.

The yield on the 10-year Treasury is holding steady at 4.83%. Crude Oil bounced off 70 support and is now trading at 71.87 per barrel. Gold also continues lower and is now trading at 630.90 an ounce.

Lucent Technologies Inc. (LU) moved up nicely with the rest of the market last week. The stock is now trading at an interesting level. It is approaching 2.33, which has two significant resistance implications. 2.33 has shown support in the past which will now act as resistance, and the price point is also gap top resistance. Combined with strong resistance we have RSI levels near 70, suggesting the stock is over bought.

Costco Wholesale Corp. (COST) put in a nice run on Friday. The stock pulled back after a strong opening, then began trending higher. The uptrend line support remained in tact for the entire session, and will be a good level of reference in today's trading session.

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.