On Thursday, I will be watching for a continuation lower of the Fast Ball move in Best Buy Inc (BBY). I will keep a close eye on the Retail Sector (RLX.X), which is currently on minor daily support for clues as to whether a drop may be coming.

Retailer Barnes & Noble Inc (BKS) also looks ready for a continuation of Wednesdayââ,¬â"¢s Fast Ball breakout.

Best Buy Inc.

Barnes & Noble

Lockheed Martin Corp (LMT) left a Backdoor Slider pattern for the session on Wednesday. I will be looking for a short side breakdown on this one in conjunction with weakness in the Defense Sector (DFX.X)

Lockheed Martin Corp.

Finally, I will be watching Union Pacific Corp (UNP). The stock made a Fast Ball move lower on Wednesday and looks poised for a continuation on Thursday.

Union Pacific Corp.

That being said, the market is becoming pretty extended, so we will use caution and tight stops on any short positions.

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.