Great day

Started this morning off with a very good trade in $SVA fortunately I took my profits quickly after a parabolic spike $SVA faded and never recovered. I also took a trade in $BLDP where again I took a 10 cent gain and I sold my $BBRY swing early in the day taking profits there as well.

For the remainder of the day I stalked stocks like $GMXR,$AFFY,$KWK, $OCLR,$GGS and $DYNT which I did not take because of the low volume. Actually the only one I did take was $AFFY when it had a big volume spike and lots of chatter on the Twitter and Stocktwits streams. I was only in the trade for about 10 or 15 minutes and took profits taking advantage of that spike. I was unable to get a good entry point on the others.

Then I got caught up watching $VHC get smashed because of a jury verdict in their lawsuit against $CSCO. I don't short stocks, so I wasn't watching because I wanted to short it. I was watching because @ the time that $VHC started to drop so did one of my long term swings $VRNG. That is actually how I found $VHC, I was looking for news in $VRNG and couldn't find any then I saw $VHC on the streams and thought to myself. "What the hell does that have to do with $VRNG???" The only answer to that question I can come up with is they are both patent companies so they are in the same sector. This just shows you how funny the market can be. A ruling from a jury in a trial of a totally different company takes down the stock of a company that will not be impacted in ANY feasible way by that event.
 I will be watching tomorrow to see if this takes $VRNG down further and if it does I will be adding to my long swing position. The judge has not ruled on its case against $GOOG yet  where the jury ruled in $VRNG favor and that is the only news event I care about. I like to buy shares of $VRNG @ 3.10 or below. I like the risk reward at those levels.

Watch list
$STEM,$PSUN,$AUDC,$EDAP,$VIPS,$MCP,$VSH,$SCMP,$AUMN,$DVOX,$BAC

Briefing .com
 

After Hours

18:29 ET MCP +0.5%, GLDD -32.0%, ULTA -14.3%, COSI -12.8% following earnings/guidance :

The major averages ended today's session with modest gains. The S&P 500 advanced 0.6%, and settled within two points of a record close. Meanwhile, the Dow Jones Industrial Average registered its 10th consecutive gain.

 

Other notable after hours movers on earnings: MCP +0.5%, EDG +0.1%, GLDD -32.0%, ULTA -14.3%, COSI -12.8%, STEC -11.1%, LPR -10.3%, ARO -7.3%, CPE -7.0%, KKD -5.5%, ZUMZ -0.9%, BTH -0.1%

 

Today after the close the following companies reported earnings: ARO, ANAC, ALC, BTH, BCEI, CPE, CKEC, COSI, EDG, FXEN, GLDD, KKD, MCP, OMPI, STEC, STRA, ULTA, EGY, ZUMZ

 

 

Futures are after lower hours: S&P 500 futures are -2.54  from fair value of 1557.64 and Nasdaq100 futures are -3.27 from fair value of 2802.27.

 

Tomorrow morning before the open five economic reports are scheduled to be released: 1) CPI (Consensus 0.5%) and Core CPI (Consensus 0.2%), 2) Empire Manufacturing (Consensus 6.5), 3) Net Long-Term TIC Flows, 4) Industrial Production (Consensus 0.4%), and 5) Capacity Utilization (Consensus 79.4%).

 

Tomorrow before the open the following companies are scheduled to report earnings: BWS, DXLG, CTRN, FSS, HIBB, PGNX, SNMX, ZGNX

Have a great night folks