I came across eBay Inc. (EBAY) while scanning. The chart looks bearish at the moment.  EBAY put in two consecutive downside moves on heavy volume. Price action has pushed the stock through its 25-day Moving Average and created a bearish MACD crossover. RSI is at mid-level, meaning there is no indication that the stock is oversold.

All things combined present a bearish outlook in the stock. EBAY is approaching uptrend line support, so be careful at that level if you decide to short the stock.

Broadcom Corp (BRCM) broke uptrend support today. This move enticed me to locate the next potential level of support in the stock. Before making a move to the upside, BRCM was trading in a consolidation pattern with support at 27.50 and resistance at 31.25. Previous resistance at 31.25 will now act as support.

Energy has done well as of late, which is why I was analyzing the Energy Select Sector SPDR (XLE) chart. Take a look at the 2-year daily bars chart below. Notice the price reactions to 50 and 60. The stock has been consolidating with support at 50 and resistance at 60 for almost an entire year.  XLE is trading near consolidation 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.