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Highlighting stocks on the short side, Aixtron Aktiengesellschaft (AIXG) has a top pattern that built out over 7 or 8 months that was broken at the end of May, snapped back twice, was unable to break through, and then began to rollover in the last few days. The down channel that is forming now calls for a move down towards 20. That's the next trading target, but there is support around 22.

Avon Products Inc. (AVP) has a strong uptrend, followed by a multi-month topping process, a sharp break in early May, a lower low at the end of May, then a bounce-back to the declining moving average and lateral price resistance zone in the 27.76 area, rolled over last week and appears to be headed lower. There's major support zone around 25 that if taken out should lead to something in the high teens, maybe the 20 area for starters.

Unisys Corporation (UIS), having broken in April hard, continues to stair-step its way lower, bounced to resistance, could not get through, then backed off. This one looks like it has a target around the 15-16 zone.

WellPoint Inc. (WLP), which also has had 4-waves down, looks like a 5th wave could take it down into the mid-40s, maybe even the low 40s. It's currently drifting and falling out of the bear flag it formed with heavy resistance up around the 56 zone. This stock looks like that if it takes out 49 it could fall away pretty quickly.

Other charts to view are BlackRock, Inc. (BLK), Bally Technologies, Inc. (BYI), Central European Distribution Corp. (CEDC), CF Industries Holdings, Inc. (CF), CareFusion Corporation (CFN), CONSOL Energy Inc. (CNX), Diamond Offshore Drilling Inc. (DO), Dril-Quip, Inc. (DRQ), Google Inc. (GOOG), JDA Software Group Inc. (JDAS), Monsanto Company (MON), (MSTR), Priceline.com Incorporated (PCLN), Perfect World Co., Ltd. (PWRD), Student Loan Corp. (STU).

There’s some short ideas for the rest of the week, but we’ll talk to you tomorrow.