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Daily - Go to TTD's Tape of  Stock Charts - Thursday - March 18

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance -  Friday, March 19

Go To Prior Days TTD "Reports"

Weekly - Bullish Investors Go To TTD Bargain Setups - Feature  - Monday, March 15

Weekly - Bullish Conservative Investors - Go To TTD Long-Term Plays - Monday March 15


Go to Video Show - "How to Make Money With Breakout Stocks"


Go to Video Show -TTD Performance 2008 Long and Short


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Ticker Tape Digest

Friday - March 19, 2010


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.

Ticker Tape Digest's Trading Strategies Overview and Performance

Bullish

Aggressive Investors Bullish - "Breakout Stocks" - ideally suited for bull markets and special situation stocks. Potential for large returns.

(See Performance)


Aggressive Investor Bullish-  "Quick Trade Stocks" -ideally suited for entry into top performing issues looking for a small quick profit."

  (See Performance)


Conservative Investors  "Bargain Buy Trades"  (swing trades). Ideally suited for entry into stocks on pullbacks within overall up trend. Good for trading range markets

 (See Performance)


Bearish

Aggressive Bearish Investors - "Breakdown Stocks" to Sell Short. Ideally suited for bear markets or market pull backs. Potential for large returns

  (See Performance)


Conservative Bearish Investors  (swing traders).  "Bargain Bearish Plays" to Sell Short. Ideally suited for trading range markets with overall market down trend.

  (See Performance)

 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  These are for conservative bullish Investors The strategy is called swing trading. These long buys are ideally suited for entry into stocks on pull backs within overall up trend. They are good for trading range markets. These stocks can give a good return in a week or two. They can also explode into a breakout and a powerful advance.

   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 Bearish bargain play stocks to sell short. These issues are usually in down trends and are poised to rollover after a minor rally. They often can provide a conservative bear with a good entry point.

 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.

Quote or chart

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 - 6

Stocks Screened - 8,200

Bull side - Breakout list small today as stock market backs off. Bulls be alert for top quality breakouts and group rotation to buy in other sectors.  Stock market has held up well.  

(Put mouse on Dow chart to see Nasdaq chart)

Long Term Environment for bulls:  Neutral

Market (Daily) - NYSE  Bullish, Nasdaq Bearish

Market (Weekly) - NYSE Bullish, Nasdaq Bullish

Market  (Monthly) - NYSE Bullish, Nasdaq Bullish


Today's Featured Breakout Stock

Polyone Corp (POL) - 10.18, up 1.24 - Breakpoint 8.95

Profits to top Street Estimates, TTD Targets 13

                    TTD's Quality Rating of Stock - POL - AVERAGE

  POL, based in Avon Lake, Ohio, produces special polymer materials. Annual revenues: $2.1 billion. POL's stock breaks out from a 10-week, cup-and-handle base today and makes a seven-year high. The move comes with a massive expansion in volume to 5.1 million shares, 10 times its normal daily volume of 568,000 shares. The spark from the move was POL's forecast of stronger than expected earnings.

  TTD highlighted POL as a breakout at our midession show on the Web Friday.

  TTD's 10 minute chart shows POL moving higher in after hours trading. In the morning to rose sharply and was able to hold the bulk of its gain through the day.

  The stocks reaction was very bullish to the bullish earnings news.

  POL said earnings for the first quarter would increase to 15 cents a share from 8 cents a year ago. The 15 cent forecast topped the consensus Street estimate of 9 cents a share and also the highest estimate on the Street of 11 cents a share. TTD has said when a company can top the highest estimate on the Street and the stock reacts bullishly to the news, the issue has the potential to move higher for several weeks. We see that potential here.

  POL's tape action showed a big block of 228,100 shares crossing in the morning at $9.50. The was a big jump from the prior block trade at $8.77. The tape action would indicate aggressive institutional buying interest. Later, the stock's price for the blocks backed off a bit in the late morning. However, it picked up again in the afternoon.

  POL makes specialized polymer materials. It has operations in thermoplastic compounds, specialty polymer formulations, color and additive systems, thermoplastic resin distribution and specialty polyvinyl chloride resins.

 The company offers more than 35,000 polymer solutions to over 10,000 customers across the globe.

 It has 47 plans and 11 distribution facilities in North America, Europe and Asia. The company operates in six segments: International Color and Engineered Materials; Specialty Engineered Materials; Specialty Color, Additives and Inks; Performance Products and Solutions; PolyOne Distribution, and Resin and Intermediates.

  POL's 12-month performance chart shows the stock appreciating 380% versus a 50% for the S&P 500 index. The stock of course got a big lift in performance today.

  POL began trading in 2000. The stock had key long-term overhead resistance at 10,. It has now overcome that. So, the pattern is very bullish long-term.   

  POL's daily chart shows the stock advancing from 5 to 9. The subsequent base, a cup-and-handle is well formed. The breakout is ideal with a widening of  the daily spread (range from high to low).

  One might consider it a "blowoff move." However, as TTD has said big earnings can often drive a stock further in coming weeks. That is because the Street will have to upgrade annual earnings.

  POL's TTD momentum indicator (top of chart) is solidly bullish.

  The accumulation - distribution line (bottom of chart) is in a strong up trend. It actually broke out before the price of the stock. That would indicate strong buying was coming into the stock prior to the news.

  This year, analysts have been forecasting a 34% jump in net to 50 cents a share from 37 cents a year ago. TTD can see that being bumped up to 55 cents a share, thus a 49% gain in net.

  Looking ahead to the second quarter, analysts are predicting a 100% gain in net to 14 cents a share from 7 cents a year ago.

  The company is benefiting from good sales to the healthcare and consumer goods markets.

  Strategy Opinion: TTD is targeting POL for a move to 13 within the next few months or sooner. A protective stop can be placed near 9. TTD rates POL a very good intermediate-term play due to better earnings prospects.   

  Sponsorship: Good. A recent key buyer was 4-star rated Delafield Fund which picked up 150,000 shares. Also, 2-star rated Oppenheimer Main Street Small Cap Fund, 2-star rated, purchased 284,880 shares. POL has 92.5 million shares outstanding.

  Insider Activity: Neutral. Some light buying at $8.39 recently. Five analysts follow the stock, 3 have a buy, the same as three months ago.



  Stock Performance Chart for 12 months with Quarterly Earnings Markers.

   


TTD's Breakout Profile Rating

Polyone Corp.  - (POL)

TTD Check List Bullish Bearish Neutral
Near 52-week High YES    
Volume YES    
Tick Volume YES  
Price Trend - Daily YES  
Price Trend - Long Term YES    
Price Daily Spread YES  
Base Structure YES  
Base - A-D YES    
Earnings-Quarterly YES    
Earnings-Long Term     YES
Earnings Outlook YES    
Industry Group YES  
Prior Breakout Success YES    
Fund Sponsorship     YES
Total Score 12 0 2

All Timely Breakout Stocks From Tape Action Today

(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)


  


Charts of Selected Breakout Stocks

                    TTD's Quality Rating of Stock - CTEL -  AVERAGE

                    TTD's Quality Rating of Stock - UTX - BELOW AVERAGE

                    TTD's Quality Rating of Stock - HON - BELOW AVERAGE

                    TTD's Quality Rating of Stock -LIFE - AVERAGE


Weekly - Conservative Investors Bearish (swing traders) - Go To TTD Bargain Short Trade Setups - Monday, March 15

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Ticker Tape Digest’s

Stocks To “Sell Short”

Ticker Tape Digest’s Daily List of “Stocks To 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 -  6

Stocks Screened - 8,2007

Long-Term Environment for bears: Unfavorable.

Bear Side -  Modest list of breakdown stocks today. Bears remain conservative. TTD short from Thursday was  Nabors Industries Inc. (NBR) - 20.61, down 1.07. Today, NBR is off 0.75 to 19.88. It is working well for bears.


List of Stocks To Sell or Short

(Trading strategy: These stocks can be sold short, or if held should be sold. If a stock is sold short, a protective stop buy should be placed. Short plays work best when the stock market is in a down trend.)

  


Commentary on TTD’s Feature Bear Play

Tesco Corp. (TESO) - 11.11, down 0.86

Profits to Tumble in 1st Quarter, TTD Sees Drop to 8

TESO, based in Houston, provides products and services to the oil drilling industry. Annual revenues: $56 million. TESO's stock falls sharply today undercutting key support. Oil stock are weak today. The technical breakdown in TEX opens the door for more on the downside. So far today, TESO is trading 273,368 shares. Its average daily volume is 113,000 shares. TTD sees more on the downside.

  TESO's stock headed lower in the morning. It hit an intraday bottom at 10.93 around 11 a.m. The stock then trended sideways unable to mount a rally.

  TTD's clip of the tape shows TESO's block trades. One can see the price for the blocks falling from $13.64 a few days ago to $11.04. A key trade was a block of 8,900 shares that crossed at $11.97 late on Thursday. That was down sharply from the prior block trade at $12.46.

  The tape action indicated heavy selling pressure coming in late on Thursday. The selling pressure has continued through today.

  The company operates through units such as tubular services, drilling and research and engineering.

  For the upcoming first quarter, analysts forecast an 87% plunge in profits to 2 cents a share from 17 cents a year ago. There are some analysts looking for a possible loss of 3 cents a share. For the year, analysts expect net to be flat at 29 cents a share.

  TESO's daily chart shows the stock advancing and peaking at 15. It then put down a flat base, but now undercuts it with expanding volume. The stock's TTD momentum indicator (top of chart) has been bearish for several weeks. The accumulation - distribution line (bottom of chart) is holding, but looks vulnerable.   

 Strategy Opinion: TTD is targeting TESO for a decline to 8 within the next few months, or sooner. A protective stop buy can be placed at 12.20.



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.”

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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. Some of the charts are from Telescan, Insight Trading, First Alert and other sources.)