On Wednesday, I will continue to favor the short side of the market. I am however conscious of the volatility that the relentless selling has introduced, and am adjusting entries accordingly. That being said, the first stock on my watch list is Ashland, Inc (ASH).

ASH had a Fast Ball expansion of range and volume on Tuesday, and will be of interest to me as a short position if it pulls back to intraday support/resistance around 58.15.

Ashland, Inc.

Ashland Inc. Intraday 5 minute

I will be watching for the same type of pullback entry opportunity in Beckman Instruments Inc (BEC).

Beckman Instruments Inc

Beckman Instruments Inc Intraday 5 Minute

Ditto for Federated Investors (FII)

Federated Investors, Inc.

Federated Investors Intraday 5 Minute

Finally on the list of potential pullback short entries is, Leucadia National Corp (LUK)

Leucadia National Corp

Leucadia National Corp Intraday 5 Minute

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.