Wheat had a nice extended run up a few weeks ago and has pulled back nicely.  You can see in the chart below that it spent a bit of time above the overbought level on the CCI.  Usually, this means that the first dip below the oversold level will lead to a retest of the overbought level.  This is what we believe that wheat is trying to accomplish.  Tuesday was the first down day in this leg up - Wednesday should be the second.  But, most times, you only get a day and half of pullback before these things run again.  So, on any further push down, buy and hold for a retest of that CCI to the overbought level.

IP (international Paper) has a nice bear flag on the daily charts. It is also in the top 28 on our relative strength list (short side) - one of the few laggards that isn't a bank or financial stock.  Short on the open if it opens anywhere near or above Tuesday's close.  Add to the position above 12.50.  Initial stop above 14.00.  The daily chart is shown below.