On Wednesday, I will be watching Ambac Financial Inc. (ABK). The stock made a Fast Ball move lower through the 50-period simple moving average out of a Switch Hitter pullback on Tuesday, and looks ready for some more downside.

Dominion Resources (D) also looks like an interesting short opportunity. The stock left a Switch Hitter on the daily chart and closed below the 50-period simple moving average.

Ambac Financial Group, Inc.

Dominion Resources

Liz Claiborne (LIZ) also had a Fast Ball move lower on Tuesday, leaving its recent multiweek trading range behind for lower ground. We will keep LIZ on the radar throughout the session on Wednesday.

Liz Claiborne

Finally, Weyerhaeuser Co. (WY) looks interesting again. Another Switch Hitter pullback has the stock perched precariously over what could be a profitable short side move.

Weyerhaeuser Co.

Adrian Manz is the author of Around The Horn: A Trader's Guide To Consistently Scoring In The Markets and is cofounder of TraderInsight.com. Email him at adrian@traderinsight.com.