Wednesday was a very decisive day, especially late in the day after the FOMC meeting, when the market dropped nearly 300 points. We’re going to focus on the Boxer Shorts, some of the swing trade short picks, and several of the stocks that appear to be vulnerable. But we’re going to start off with the ultra-shorts since they are doing very well. Ultra-Short ETFs The Direxion Daily Energy Bear 3X Shares (ERY) popped on Wednesday, took out a big pattern that has been forming, and is up against the lateral resistance level. It was up 2.18 to 19.76, or 12.4%, on 6.9 million shares traded. Any further up side here and this stock could move up toward the short-term target up around the 21 1/2 zone. ProShares Ultra-Short FTSE China 25 (FXP) exploded to key overhead resistance after it had already taken out the lateral declining topsline from last week, and then pulled back to test the moving average and the declining topsline, snapped back, and then broke out slightly on Wednesday. It was up 3.18 to 39.59, or nearly 9%, on 594,000 shares traded. It looks like it’s headed toward the mid 40s. On the downside… The Scotts Miracle-Gro Co. (SMG), which we recommended, certainly rolled over on Wednesday, down 1.74 to 43.66, or 4%, on 758,000 shares traded. It appears as though it could be falling away to retest the lows around 40 - 41, and if that cracks, then it could get down to around 37. OpenTable, Inc. (OPEN) looks just horrible and continues to go lower. It was down 1.46 to 48.18, or 3%, on 2.1 million shares traded on Wednesday. This was a recommendation of ours when it was in the high 60s a month and a half ago. It’s at 48, and although it’s at the bottom of the channel, it very well might spike down to something in the mid to low 40s. Other stocks in our Charts for the Day are Direxion Daily Financial Bear 3X Shares (FAZ), Direxion Daily Small Cap Bear 3X Shares (TZA), VelocityShares Daily 2x VIX ST ETN (TVIX), Direxion Daily Large Cap Bear 3X Shares (BGZ), iPath S&P 500 VIX Short-Term Futures ETN (VXX), ProShares UltraShort DJ-UBS Crude Oil (SCO), ProShares UltraShort Gold (GLL), PowerShares DB Gold Double Short ETN (DZZ), ProShares UltraShort Silver (ZSL), Fossil, Inc. (FOSL), Domtar Corporation (UFS), Weight Watchers International, Inc. (WTW).