Wednesday proved to be a sit-on-our-hands day, as another market reversal had the setups we were watching stall out. I do not anticipate a large number of opportunities on Thursday given the pending FOMC announcement and the coming holiday weekend, but we will have an eye on a couple of candidates nonetheless.

Outback Steakhouse Inc. (OSI) is an interesting Fast Ball short. The stock closed off its lows, but looks to have downside potential on Thursday.

Outback Steakhouse Inc.

Williams Sonoma Inc. (WSM) left a Fast Ball breakdown on Wednesday, and also appears to have more downside and will also be on our list of short sale candidates for the Thursday session.

Williams Sonoma, inc.

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.