Daily - Go to TTD's Tape of  Stock Charts - Thursday. March 20, 2014

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance -Thursday, March 20, 2014

Ticker Tape Digest

Thursday - March 20, 2014

By Leo Fasciocco -- TTD

Ticker Tape Digest presents its daily stock market report containing stocks to go long as breakout trades, quick trades, or bargain trades. We also feature stocks under Significant Accumulation that are poised to breakout.

 The TTD report also contains stocks to short as  breakdown plays and as bargain (swing trade) shorts.

  Investors should  tend to try to go with a strategy that fits with the stock market's trend, unless there is a special situation play.

  TTD's Breakout Stocks - Long are most suitable for aggressive investors seeking ideal entry points into leading stocks, especially during bull markets. They can do extremely well in bull markets with gains of as much as several hundred percent.

 These stocks can also do extremely well during strong market rallies, or if they are in a industry group that is performing very well. They tend to have strong earnings outlooks and are near new-52 week, or all-time highs.

  TTD Quick Trade Stocks - Long These are leading issues that have pulled back in recent days, but could move higher soon. They are most suitable for Aggressive Investors willing to trade short term. These stocks will do extremely  well during market advances. They have about 74% win rate. During market rally sequences the win rate is even higher. The return is small 3% to 8% in just a few days.

 TTD's Bargain Buy Trades - Long - Long Term.  These are for conservative bullish Investors These long-term buys are ideally suited for entry into stocks on pull backs within overall up trend. These stocks can give a good return long-term especially during a bull market.

   TTD also presents Stocks To Sell or Sell Short. These issues are suitable for aggressive investors willing to take short positions both as trades or for longer-term plays. These stocks will do very well during bear markets or market pull backs.

  TTD's Bearish breakdown stocks to sell short. These issues have potential to fall sharply. They often show a technical breakdown and also some fundamental business problem such as weak earnings.  

 TTD's multi-media updates include a slide-show that presents charts and analysis at midsession. Some times TTD presents feature analysis on stocks and the market. TTD uses Windows Media Files. (WMV).

 TTD also presents a "Breakout Watch List" that is up dated daily. This list consists of key stocks in position to breakout. A close watch of this list can put you in the stock just as it breaks out. A good idea is to study the list and be ready to move into a stock quickly as it hits its breakpoint.

TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the breakpoint. The idea is to get "elbow room" if the stock should follow through to the upside. This is very important in being successful in making big money with breakout stocks.

It is also essential to have a stop loss strategy for all stocks in which positions are taken. Not every stock will work as expected. It is important for investors to "police" their portfolios and avoid getting trapped in any bad positions.

 Quality rating of breakout  Two key factors: 1 - Stock near all-time in price or near a 52-week high. 2 - earnings growth current year is strong. The ideal play is a stock with an Above Average Quality Rating. The stock is near a new high and will have strong earnings. TTD's other ratings are Average and Below Average.

TTD also has  special feature sections on  Educational Tips on Investing.

To email Mr. Leo Fasciocco  leo@tickertapedigest.com.For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-926-1680.

  Breakout Stocks

Total Buy Breakouts so far today - 11

Overall Quality of Breakouts -  AVERAGE

Stocks Screened - 8,300

Bull side - Breakout list large with some good looking plays. Financial stocks including banks breaking out.  Stock market holds near-term trend.

 (Put mouse on Dow chart to see Nasdaq chart)

Long Term Environment for bulls:  Favorable

    Stock Market Momentum

Market (Daily) - NYSE Bullish, Nasdaq Bullish

Market (Weekly) - NYSE Bullish, Nasdaq Bullish

Market  (Monthly) - NYSE Bullish, Nasdaq Bullish 

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action - Thursday

(See Top Performing Breakout Stocks for 2011- 2012)

(The “breakout List” gives all stocks breaking out of a base of five weeks or more. These stocks have a good chance to trend higher. However, a stop should be used to avoid those that do not work. They are ranked according to percentage change and classified as leaders or other. (Trading strategy: One should buy breakout stocks at breakpoint by using market order or stop buy)All Timely Breakout Stocks From Tape Action Today )  

Today's Featured TTD Breakout Stock

Charles Schwab Corp. (SCHW) - 28.41, up 0.83 - Breakpoint 27.19

Net to Climb 22% This Year, TTD Targets 34

    SCHW, based in San Francisco, is a full service brokerage firm. Annual revenues: $5.4 billion. SCHW's stock moves higher today to clear an 10i-week, cup-and-handle base. The stock pushed out of its bas in the prior session late in the day. The stock is part of the strong action financial sector which includes several brokerage and banking stocks. So, the sector is strong.

 TTD highlighted SCHW as a breakout at our midsession video show on the Web Thursday.

  The stock pushed higher in the morning and then trended sideways into the afternoon. (see 10-minute chart)

  Late in the session the stock acted firm holding its gain of the session.

  So far today, SCHW's volume is running at 14.5 million shares, about double its average daily volume of 7.7 million shares.  

  SCHW's tape action shows the recent block trades.

  One can see the price for the blocks climbing from the prior session at $25.58 to as high as $28.43 on Thursday.

  A key bullish trade came when a block 47,300 shares crossed the tape at $27.65.

  That was up from the prior block at $27.56 on 60,635 shares.

  The tape showed good institutional buying during the day. Near the close a massive block of 264,027 shares crossed at $28.43. That was up from the prior blocks t $28.20 on 50,000 shares.

 SCHW provides full-service investing to customers. It provides access through the internet, branch offices, speech recognition, touch-tone telephone, e-mail and wireless technologies.

 It also has multilingual and international services, and direct access to professionals day or night.

  SCHW's long-term chart shows the stock climbing from $6 in 2003 to a peak of $28.75 in 2008. The stock then fell back and traded in a range between 10 and 20 for the next four years.

  However, in 2013, SCHW broke out of the long-term  trading range and has now made a 5-year high.   

  SCHW's daily chart shows the stock climbing from 21 back in October to a peak of 27 by January.

 The stock formed a classic cup-and-handle base above its rising 50-day moving average line.

  The breakout on Wednesday and the follow through on Thursday is very bullish. The move came with good volume.

  The stock's TTD momentum indicator (top of chart) is strongly bullish.

  The accumulation - distribution line (bottom of chart) compliments the price pattern. It has broken out to the upside too.

  SCHW is poised to show a 42% surge in profits for the first quarter. Analysts look for net of 21 cents a share, up from 15 cents a year ago.

  The highest estimate on the Street is at 22 cents a share. TTD sees good chances for an upside earnings surprise. The past two quarters SCHW topped the consensus estimate by 2 cents a share for both quarters. (See table)

  Earnings for the second quarter should climb 27% to 23 cents a share from 18 cents a year ago.

  Profits for 2014 are projected to climb 22% to 95 cents a share from 78 cents in 2013. The stock sells with a price-earnings ratio of  28.

  Going out to 2015, the Street is looking for a 22% gain in profits $1.16 a share from the 95 cents a share anticipated for 2014.

  Strategy Opinion: TTD is targeting SCHW for a move to 34 after a breakout. A protective stop can be placed near 25, which is tight.

  TTD rates SCHW a good intermediate-term play. Brokerage stocks tended to do well during bull markets.

  Sponsorship:  Good. The largest fund buyer recently was the 5-star rated Touchstone Sands Capital Select Growth Z Fund which purchased 1.8 million shares.

  Also, the 3-star rated MainStay Large Cap Growth Fund was a recent purchaser of 1.5 million shares.

  SCHW has 1.3 billion shares outstanding. Institutions hold 79% of the stock.

  Insider Activity: Neutral. Insiders were sellers the past few months around $24 to $25. Currently, 12 analysts follow the stock 2 have a buy, down from 4 three months ago.

Stock Performance Chart with Quarterly Earnings Markers.

Charts of Selected Breakout Stocks

Ticker Tape Digest’s

Stocks To “Sell or Short”

Ticker Tape Digest’s Daily List of “Stocks To Sell or Sell Short” ranks stocks well timed to be sold immediately based on daily trading. The list can be used as an alert to reduce current long-term positions.

Shorts from tape action so far today - 3

Stocks Screened - 8,300

Long-Term Environment for bears: Unfavorable.

Bear Side - Just a few shorts today. Stock market continues to rally. Bears remain conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Bally Technologies Inc. (BYI) - 65.92, down 2.93

Stocks Cuts Below Support, TTD Sees Drop to 58

BYI, based in Las Vegas, makes gaming machines and equipment. Annual revenues: $1.1 billion. BYI's stock falls sharply today. There was some concern about patents, but that appears resolved. Nevertheless, Goldman Sachs down graded the stock to sell from neutral. The cut was based on a slowdown in product momentum and industry concerns.

 TTD highlighted BYI as a short at our midsession video show on the Web Thursday.

  BYI's stock gapped lower at the opening Thursday. The stock hit an intraday low of 65.35 in the morning. It lifted slightly afterwards. but then weakened again in the afternoon.

  BYI's tape action shows the recent block trades.

  One can see the price for the blocks falling from $70.21 to as low as $66.29 in the morning.

 A key bearish block crossed the tape when 7,403 shares traded at $68.85. That was down from the prior block at $70.21 on 22,073 shares.

 BYI makes gaming machines and computerized monitoring systems for gaming machines.

 It owns and manages a significant installed base of gaming machines and operates casinos.

  This fiscal year ending in June analysts are forecasting a 28% jump in profits to $4.40 a share from $3.45 a year before. Going out to fiscal 2015, the Street looks for a 17% increase in net to $5.13 a share.

  BYI's daily chart shows the stock gapping lower and cutting below key support with big volume. The stock's accumulation - distribution line (bottom of chart) is trending lower indicating clear selling pressure.

   Strategy Opinion: TTD is targeting BYI for a decline to 58 within the next few months, or sooner. A protective stop buy can be placed near 68.

TTD takes no responsibility for trading by those using this information. The stocks presented in our report are those we deem the best looking "Day Trades" for the long side. We take no responsibility for the accuracy of this data, although every effort is made to present the information correctly. Copyright Ticker Tape Digest. - 2014

TTD columnist Leo Fasciocco has covered the stock market for over 20 years. His articles appear in many publications. He is also a speaker at the Intershow conferences. He has been on television and radio. He is author of many educational articles about stock investing and the book “Guide To High-Performance Investing.”

For information to subscribe to the Ticker Tape Digest Services call: B. J. Owen at 1-480-926-1680. Distributed by Corona Publishing Enterprises. Ticker Tape Digest Inc. P.O. Box 2044 Chandler, Az. 85244-2044. TTD “Professional Report” is available on the World Wide Web: $100 per month. Password needed. “TTD Professional“ Faxed is $200 per month. The TTD Daily Report is $39.95. Credit cards accepted.

(The information contained has been prepared from data deemed reliable but there is no guarantee of complete accuracy. Ticker Tape Digest Inc. is not affiliated with any broker, dealer or investment advisor. Nothing in this publication constitutes an offer, recommendation or solicitation to buy or sell any securities. Further research is advised. This report is copyrighted and no redistribution is permitted with out permission.)