CHD fundamentals are sound - they beat estimates recently and FY10 EPS was raised by a couple of pennies. However, CHD is touching its long term trendline from below so we may see a pullback. I wouldn't short it as I don't see the short case that compelling. 
ACAS reported nasty earnings today and was sold off on heavy volume. BX reported earnings that were OK but it, along with FIG, got dragged down on HEAVY volume. In the absence of catalysts now, I see that the pullback would continue in the near term. I would look at shorting this one by purchasing put spreads. 
Note that XRT and RTH showed selloff on heavy volume today. It is a typical reversal signal and one can expect this to be a near term top. Since retail sales are out today, watch these two for one or two days as we may see a washout spike and then a selloff. Position purchase price of put contracts somewhat below than yesterday's close. Pankaj
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