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The earning season also has its losers and sometime some of them go in to multi month down spiral. Earnings disappointments or earnings slowdown after strings of good quarters can lead to such action.
The earning season also leads to new leadership emerging. Clearly this earnings season the large caps are emerging as leaders.

The following stocks had negative Episodic Pivots.

AKAM,Akamai Technologies Inc (Google  Yahoo  Earnings  Chart
ANAD,Anadigics Inc (Google  Yahoo  Earnings  Chart
CTHR,Charles & Colvard Ltd (Google  Yahoo  Earnings  Chart
DTLK,Datalink Corporation (Google  Yahoo  Earnings  Chart
EML,Eastern Co (Google  Yahoo  Earnings  Chart
ENWV,Endwave Corporation (Google  Yahoo  Earnings  Chart
EXBD,Corporate Exec Board Co (Google  Yahoo  Earnings  Chart
HTCH,Hutchinson Technolgy Inc (Google  Yahoo  Earnings  Chart
SI,Siemens Aktien (Google  Yahoo  Earnings  Chart
SUNW,Sun Microsystems Inc (Google  Yahoo  Earnings  Chart
TAYC,Taylor Capital Group Inc (Google  Yahoo  Earnings  Chart
TZOO,Travelzoo Inc (Google  Yahoo  Earnings  Chart
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