Another decent day

Certainly not award winning by any stretch, but it was a positive day. I had a quick trade in $GLUU and $OCZ to start the day off both of those trades were just okay. I sold half of both for a profit and the other half of both flat.The market seemed tricky today so I really didn't take many new trades. I sold off my $LLEN early in the morning when it popped at the open. My one really nice trade was selling off portions of my $PIP swing throughout the day I still hold a small position for the lotto play.

As I stated this weekend, if the market gets weak I will pull back on my trading significantly. Today was not a disaster but it certainly wasn't what we have become used to the last couple months. Unless I have a really strong setup I will be hanging out on the sidelines. I will also trim up my swings and book some profits while discarding anything that has been weak.

A couple noticeable earning misses after hours $VELT and $SPPI both are getting crushed after hours. I do not short stocks and there are already huge short positions in both of these names but  I would expect to see more selling tomorrow so the shorts could be very active in these names.

 Watch list for tomorrow
$ACAD, $AMD, $CHTP, $XOMA, $UPIP,

Its a short list I think I want to see how we look to open tomorrow. I will add any premarket movers in the morning. Have a great night folks.

Briefing .com

After Hours

17:58 ET EGL +7.3%, PPHM +6.3%, SPPI -38.1% VELT -24.1%, COOL -23.6%, KTOS -16.3% following earnings/guidance :

The major averages finished today's session on a mixed note. The Dow registered a slightly higher close while the S&P 500 and Nasdaq ended in the red. With today's lower close, the S&P 500 has snapped its streak of seven consecutive winning sessions.

Other notable after hours movers on earnings: EGL +7.3%, PPHM +6.3%, GSIG +4.4%, GNMK +4.1%, XOMA +2.3%, ACAD +2.2%, GCA +1.8%, KW +1.8%, EVOL +1.1%, ATHX +0.7%, AET +0.5%, GALE +0.5%, SPPI -38.1%, VELT -24.1%, COOL -23.6%, KTOS -16.3%, CRDS -8.6%, DOLE -4.1%, IPAR -3.0%, GCAP -1.1%, GERN -0.7%, SUMR -0.4%, HRZN -0.2%

 

Today after the close the following companies reported earnings: DOLE, EGL, GCAP, GERN, GCA, HSIG, HRZN, IPAR, IRET, KTOS, PPHM, SUMR, SURG, VELT

Futures are mixed after hours: S&P 500 futures are -0.02 from fair value of 1546.82 and Nasdaq100 futures are +1.63 from fair value of 2796.37.

 

Tomorrow morning before the open four economic reports are scheduled to be released: 1) MBA Mortgage Index, 2) Retail Sales (Consensus 0.5%) and Retail Sales ex-auto (Consensus 0.5%), 3) Export Prices ex-ag., and 4) Import Prices ex-oil.

 

Tomorrow before the open the following companies are scheduled to report earnings: AH, ADUS, AMRC, ATRS, EXPR, KRO, PERI, SNSS, TA