U.S. stock futures were little changed on Thursday after Wall Street’s rally in the previous session, as investors digested weak economic data from China, and as Spain and France sold bonds. Developments in Europe remained in the spotlight. The Spanish government successfully sold 3.75 billion euros ($5 billion) of bonds, while France saw its borrowing costs slip at an auction of 10-year bonds.

Today’s economic calendar…

Investors are awaiting data on weekly jobless claims due at 8:30 a.m. Eastern time. Shortly after the U.S. stock market opens, the Institute for Supply Management’s manufacturing report for November, as well as construction spending data for October, will be released at 10 a.m. Eastern.

I’m fired up I missed my top two stocks I told you about in Skype, ARNA and GLUU. Those were my top two ideas for this week, as I said in Skype several times and I simply missed my entry but that happens at times. I’ll have a new idea today but as you know I’m not much of a gambler and these fluffy swings below illustrate what happens if you gamble… there’s gotta be a number of good reasons to swing to avoid the many bad things that can go wrong. Again, I’ll have at least one new idea today.

Our open swing trades…

LOCM – starting to show some signs of life off the $2 range but yesterday’s PR was more fluff, I hate when they release crap like that, just give us the good stuff… we’re not stupid! Anyway I’m looking for creeping price action to continue higher just like the last time we swung this one from $2.25 – $2.70 back in October. Need to watch close to make sure it’s not getting hit with big sellers while we wait for a bigger push. Goal is $2.50 – $3 short term.

EK – slowly approaching my manual stop loss of $1.05. What a wasted trade and I’m SO FREAKING MAD at myself for letting a 10% $1,300 profit turn into a $2,000 loss. That’s like missing a layup and then letting the other team fast break for a dunk on you at the other end of the court. Maybe I get lucky and it turns back up but right now the bottom line is I didn’t take it when I was supposed to per my rules so I deserve the loss. Revisiting lessons the hard way is sometimes the best way to get back on track.

COOL – figured yesterday was the time to test the turn because if this turn doesn’t stick then I’m out of the trade anyway. I had about $3,000 profit on this trade at one point and like EK I decided it’s time to swing for the fences and when all you look for is homeruns you get a lot more strikeouts. Having said that I like the ascending triangle on this chart and I’ll do a video on it this morning. Worst case it’s making a symmetrical triangle and given COOL’s fundamentals I think this company is going higher either way, it’s just a matter of when and timing is everything when swing trading. Zumba II numbers soon to be released and Zynga hype remain my hopeful catalysts. Stop is firm around $2.58 on all shares.

HKN – come on Ledbed, you need to repump this for me please!!! I bet against his OPTT pump going short and lost because he pumped the heck out of it and I still maintain he’s luring aggressive shorts in before he reloads. However, this guessing crap leaves me at the mercy of his push and I hate that. I’m looking for an exit soon if we don’t see him start pushing again.

USAT – same thing here, we’re at the bottom of a descending channel so I like USAT technically and fundamentally. Just need some news out of the company and the turn should leave me with a profit. Goal is $1.40 to $1.60 short term / long term so long as $1 holds and it turns back up.