On Wednesday, investors decided to check out of hotel stocks, leaving Choice Hotels International, Inc (CHH) and Las Vegas Sands Corp (LVS) in a Fast Ball break to the downside. We will keep the stocks in our sights on Thursday for more short-side action.

In transportation, the rails continue to barrel down a track that is erasing much of this yearââ,¬â"¢s constructive price action. CSX Corp (CSX) left a Fast Ball breakdown on the Wednesday chart, placing it below early June support and at risk of losing ground to approximately March 2006 highs.

Choice Hotels International, Inc.

Las Vegas Sands Corp

CSX Corp

The picture was not particularly perfect for Getty Images Inc (GYI) on Wednesday either, as the stock made a Fast Ball expansion of range on nearly ten times volume.   We will watch for intraday continuation opportunities on any pullbacks that present themselves.

Getty Images Inc

In insurance, Renaissance RE Holdings Ltd (RNR) made a Fast Ball expansion of range and volume move to the upside on Wednesday

Renaissance RE Holdings Ltd

In defense, Rockwell International Corp (ROK) gapped down 7.24% after earnings were reported at 83 cents vs consensus of 81 cents per share. The stock continued lower throughout the session, leaving a Fast Ball move and a short side setup for Thursday.

Rockwell International Corp

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.