The market rolled over hard on Wednesday afternoon, came down, and closed near the session lows. We looked at some of the Boxer Shorts and longs on Tuesday, and although there are some longs that are acting well, we’re going to review some of the ultra-shorts. VelocityShares Daily 2x VIX ST ETN (TVIX) has had an incredible move. It’s gone from 10 up to 83 just since August. It spiked up, formed a pennant, then a falling wedge, popped to resistance, pulled back, broke out to new highs, and then backed off. A rising channel has formed, and on the last move, it spiked right back up to the top of the channel, backed off, and then tested price support near the gap and moving average. Wednesday this stock exploded from 69 in the morning, up to 81.38 in the afternoon, closing at 81.15, near the high for the day, or 9%, on 2 million shares traded. Yet, with the top of the channel looming around 85 - 88, maybe even 90, there’s a possibility this stock may rise to those levels by Thursday morning. But this is a place to be careful since its at a lofty level, but if it accelerates to the top of the channel, it could crack the 100 level. Direxion Daily China Bear 3X Shares (YANG) is one that we put a swing trade on, and it got stopped back quickly as this stock went back down below support only to spike down even lower to under 20. On Wednesday it reversed and was up 1.98, or 9 1/2%, on 52,000 shares traded. Direxion Daily Gold Miners Bear 2X Shrs (DUST) is a stock that we don’t follow too closely, but Wednesday’s action made us take notice when it spiked up 3.24, or 8.67%. The bottom surged to 388,000 shares, but more importantly, it closed above the declining topsline. This could lead to a quick test of the 45 area at the prior high. PowerShares DB Gold Double Short ETN (DZZ) moved up from under 4, had a nice little swing trade on it, and moved above the mid-August spike-top, and then pulled back slightly, and on Wednesday it was back up again at 4%. If it gets out of the 5 1/2 range, it could get up to the next target at 6.35, and then the intermediate target at 7 - 7.25. Other stocks in our Charts for the Day are ProShares UltraShort Silver (ZSL), Direxion Daily Small Cap Bear 3X Shares (TZA), Direxion Daily Energy Bear 3X Shares (ERY), Direxion Daily Emrg Mkts Bear 3X Shares (EDZ), Direxion Daily Financial Bear 3X Shares (FAZ), ProShares UltraShort FTSE China 25 (FXP), ProShares UltraShort DJ-UBS Crude Oil (SCO), Direxion Daily Large Cap Bear 3X Shares (BGZ), iPath S&P 500 VIX Short-Term Futures ETN (VXX), ProShares UltraShort Gold (GLL).