The stock market suffered more losses on Wednesday, so we will continue to go over both longs and shorts. AuRico Gold Inc. (AUQ) has a very unusual pattern. This stock has broken a major trendline, took out lateral price support, and is forming a head-and-shoulder-type pattern. It exploded on Wednesday with a breakaway gap, opening at 7.12, running up to 7.77, and closing up 1.32 to 7.74, or 20 1/2%, on 19 million shares. That’s huge for this stock. Look for something up around 9.00 short-term. Ellie Mae, Inc. (ELLI) has certainly been one of the best stocks of the year so far. It has run from the January lows in the single digit, all the way up to the high 20’s. Over the last 3 months, this stock has consolidated, and then moved back down on Wednesday to test the major trendline, lateral price resistance, and 50-day moving average. It snapped back from 25.74 to 27.11, closing at the high for the day, up 1.38, or 5.36%, on a half million shares. This is the kind of stock that, if the momentum continues, it could very well move into the mid 30’s. Stocks on the Short Side… Coinstar Inc. (CSTR) has gone from its high in July of 70 down to a recent low of 44.58. With a negative break and bear wedge, it rolled over, and after breaking the major up trendline, it snapped back to resistance, and then rolled over again on Wednesday, down 1.51 to 44.68, or 3.48%. It this action continues, it may very well get down to test 39 soon. Monster Beverage Corporation (MNST) has been making its way downward. On Wednesday, it broke a key rising wedge after running up through the declining topsline, held lateral resistance and a toping pattern, and then rolled over, down 3.11 to 53.63, or 5.48%, on 3.5 million shares. It could get down to a quick test of 50, and if that breaks, something down around the mid 40’s could occur. Other stocks in our Charts of the Day are Affymax, Inc. (AFFY), Arena Pharmaceuticals, Inc. (ARNA), BioScrip Inc. (BIOS), Otelco Inc. (OTT), REEDS, Inc. (REED). Vringo, Inc. (VRNG), and ValueVision Media Inc. (VVTV). Stocks on the short side include Con-way Inc. (CNW), CARBO Ceramics Inc. (CRR), Deckers Outdoor Corp. (DECK), World Fuel Services Corp. (INT), Lincoln Electric Holdings Inc. (LECO), VeriFone Systems, Inc (PAY), Raven Industries Inc. (RAVN), Titan Machinery, Inc. (TITN), and United Parcel Service, Inc. (UPS).