Today we feature three shorts in addition to our three longs as the volatile market presents trading opportunities on the downside.

Starting with the shorts:

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BWLD

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Buffalo Wild Wings Inc. (BWLD)

After plunging more than 15% on Oct 29 on a rating downgrade and earnings miss, Buffalo Wild Wings has been in a bear wedge for the past week and a half. On Wednesday, it edged lower by 36 cents to $154.87. If it takes out the recent lows near $148.00, look for a move that fills the gap near $136 and eventually down to the low $120's.

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CVS

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CVS Health Corporation (CVS) - Get Report

CVS topped in late July and rolled over, snapped back to resistance last month, but the moving averages failed and it is rolling over again. The stock fell $2.99 to $94.85 on 8 million shares on Wednesday on no news. Support is at $94.50, near Wednesday's low at $94.64. If it breaks through that, the targets are $90 and then possibly the mid-$80's.

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WSM

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Williams-Sonoma Inc. (WSM) - Get Report

After plunging in August, Williams-Sonoma tried to battle back twice, but each time cracked through the bottom of its rising bear wedges. On Wednesday it closed right near a key support level around $71.50. The stock appears to be in a fifth wave down and headed to the $63-$65 range, the lows from a year ago.

On the long side:

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FLDM

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Fluidigm Corporation (FLDM) - Get Report

Fluidigm fell from the high $40's in April all the way down to $7, had a big reversal day nearly two weeks ago. The stock that day, Oct 30, spiked around 50% to $11 after topping Wall Street revenue forecasts. The stock then drifted lower in a falling wedge, with volume dissipating, but on Wednesday it popped 47 cents, or 4.7%, to $10.33. The stock needs to hold $9.50 on the downside, and get across the $11 on the upside. If it does, targets are $12 and then $13.50 going forward.

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IDTI

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Integrated Device Technology, Inc. (IDTI) - Get Report

Integrated Device Technology popped in late October and has been coiling since in a very tight range on low volume. Late in the day on Wednesday, the stock surged as high as $26.42, but backed off to close at $25.89, up 13 cents on 2.1 million shares. If this stock gets through $26.50, the target is $30-31.

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TSEM

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Tower Semiconductor Ltd. (TSEM) - Get Report

Tower Semiconductor jumped 85 cents, or 5.9%, to $15.25 on 1.9 million shares Wednesday after beating earnings estimates. The move took it across declining topsline and lateral resistance. Look for a test up around the May and June double-top in the $17 zone, which is the first target. Beyond that, it may take a run at the March highs around $18.50.

See Harry's video chart analysis on these stocks.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.