Stocks opened strong this morning. The majority of the market gapped higher at the opening bell, and has continued strong so far. One of the first things I noticed was the fact that ADBE has reacted to 37.50 support and pushed through downtrend resistance.

ADBE's downtrend break is a bullish sign for the stock. Keep in mind that this move is still an intraday occurrence. I prefer seeing 1 or 2 closes above downtrend line resistance before placing a trade based primarily on the break. Also, make sure volume confirms the breakout move.



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.