This is the perfect example of why I don’t do my live updates until the morning. Asia markets were mixed last night but this morning Europe and futures are rocking right now.

The economic calendar is busy on Wednesday. The ADP private-sector employment report for November is due at 8:15 a.m. Eastern time and will be followed by third-quarter productivity data at 8:30 a.m. Eastern. Shortly after the stock market opens, the Chicago Purchasing Manager Index for November will be released at 9:45 a.m. Eastern, with data on pending-home sales due at 10 a.m. Eastern. The U.S. Federal Reserve Beige Book, an anecdotal account of current economic conditions, is due at 2 p.m. Eastern.

Here are my thoughts on our open swing trades. Here is the portfolio, you may have to click on it 2-3 times for it to work, sorry but I’m working on it with QuoteMedia still.

http://www.jasonbondpicks.com/portfolio

LOCM – turned off $2 as I thought it would so now I’m looking for creeping action before a possible pop. DEXO’s big move with GRPN turning finally are two definite catalysts that could make LOCM a target for traders. Goal here remains between $2.50 and $3 short term.

USAT – this one tested my resolve Tuesday and I almost gave up. It tested $1 support and I was going to sell 1/2 my position but it bounced to $1.10 so I’m still riding it. I still maintain this could be an excellent swing but we could really use some news out of the company as buyers have really dried up recently.

HKN – this Ledbed pump isn’t done yet in my opinion. My goal remains between $3-$4 so long as it holds this $2.70 – $2.60 range. Having watched his pumps quite a bit of late I think he pumps then lays back and lets shorts move in only to re-pump and squeeze them. Trust me I saw him do it on my OPTT short which is why I think HKN reloads soon…we’ll see if I’m right.

COOL – this one should turn with the Zynga IPO but I’m more inclined to think Zumba II numbers are the real story here. If the company announces record sales then the stock will get hot again. I’m hesitant to add to my position until I see it turn and start back up. I nailed this swing trade for about $3,000 profit and held way to long which illustrates why you must constantly take your winners…if you overstay your welcome it often goes from $3,000 profit to $3,000 loss and that’s a big $6,000 swing in the account. I make mistakes from time to time but the key is I try my best to learn from them.

EK – had this one for a solid 10% too or $1,300 profit and went for the breakout. Now that $1,300 profit is resting uncomfortably as a $1,300 loss which further illustrates my goal for this website which is 10% rinse and repeat. My stop here is $1.05 but today’s news and the market could turn this one to profit again so I’m hopeful still.