Poor market internals on Tuesday left many traders wondering whether an interim top was in place, yet the market managed to chop sideways without giving up much ground, triggering and stopping trades throughout the session.  That choppy trade does not leave us with much to watch on Thursday, but a few setups are interesting.

A Double Header setup in Exelon Corp (EXC) has us interested in a potential short sale below the December 5 session bar.

Exelon Corp

If the consumer sector (CMR.X) rolls over, we will keep an eye on Liz Clairborne Inc (LIZ).  The stock left an Infield Fly setup and looks ready to retrace a portion of the recent leg up.

Liz Clairborne Inc

Raytheon Co (RTN) is in a potential Sinker setup after the stock legged up significantly in a Fast Ball move that has it at new all-time highs for the third day running.

Raytheon Co.

And finally, we will have the housing sector index on the radar throughout the session for signs of a retracement in the making. The index is becoming extended, and if it turns lower Toll Brothers (TOL) will be of particular interest, as it had an Infield Fly day Wednesday.

Toll Brothers

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