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Cleveland Browns got JOHNNY FOOTBALL???
Welcome to the DAWG POUND!!!

Good morning folks,
Yesterday was the polar opposite of Wed. I was doing great right up until the market decided it didn't want to make new highs and had the rug pulled out from under it. It was a very challenging day and unfortunately it resulted in a small loss.
 I could have, no correct that>> I should have walked away with a profit but sometimes my patience gets the better of me and I hold on a little too long giving back my gains. I had FEYE for a perfect entry long and it started heading in the right direction and at one point it looked like we may take out the 30 dolla holla, IDRA I had right off the open and it looked like it wanted to take out the 3 dolla holla I had to bail on IDRA after giving back some profit and walking away with a nickel when it should have been 25 cents. Then I let FEYE turn into a loss. ENG was another poorly executed trade. 
Looking under the hood of the market there appears to be a lot of damage being done to individual stocks. Especially the high fliers, TSLA and FUEL are the latest ones to feel the wrath of changing sentiment from investors. There are a boatload of stocks whose charts are really looking broken. The more times the SP 500 tests the high and fails to break out with conviction the more likely it is it will eventually give up the ghost and join the rest of the indexes like the NASDAQ and the RUSSEL which closed below its 200 day. Its not just the high flyers that are concerning to me there are a bunch of small and mid cap names that don't look healthy. In my opinion the market is guilty till proven innocent. 
Be careful out there, limit swings and long term hold exposure take smaller position sizing if you are trading to the long side and consider tightening up your stops. Shorts are probably a better way to go right now but I wouldn't be aggressively shorting any of the stocks that have already taken a good beating. Have a great Friday !!

Morning movers and other stocks that caught my eye
HZNP earnings 50 day bounce, OLED earnings bounce off former price support, TVIX and TZA will be on my radar, PBMD pr 1 dolla holla , ADEP earnings bounce play, PLUG bounce play pr be careful, 

Seeking Alpha

Top Ideas
Chemtura Corporation (CHMT) - new article by Shaun Currie, CFA »
Universal Display (OLED) - new article by Esekla »
Ascent Capital (ASCMA) -8.5% since Apr. 21 Rajiv Bhatia article »
Lend Lease Group (OTCPK:LLESY) +48.5% since Aug. 14 Mike Arnold article »

Today's Markets:
In Asia, Japan +0.3% to 14200. Hong Kong +0.1% to 21863. China -0.2% to 2011. India +2.6% to 22926.
In Europe, at midday, London -0.3%. Paris -0.7%. Frankfurt -0.3%.
Futures at 6:20: Dow -0.1%. S&P -0.2%. Nasdaq -0.2%. Crude +0.7% to $100.96. Gold +0.1% to $1289.10.
Ten-year Treasury Yield -1 bps to 2.61%.

Today's economic calendar:
10:00 Job Openings and Labor Turnover Survey
10:00 Wholesale Trade
12:00 PM Fed's Fisher: Monetary Policy

Notable earnings before today's open: ALU, AMRN, ATRS, BECN, BLMN, BR, CLDT, CNQ, CQB, EBIX, ERF, GSM, HLT, HMSY, HZNP, MHR, MT, NRF, PGNX, RL, SATS,SIRO, SSYS, TTI

Notable earnings after today's close: VVC

Best of Success!!