Daily - Go to TTD's Tape of Stock Charts - Friday. April 11, 2014
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Daily - Go to TTD's Tape of Stock Charts - Friday. April 11, 2014 |
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Weekly - Bullish Conservative Investors - Go To TTD Long-Term Plays - Monday, April 7, 2013 |
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Go to Video Show - "How to Make Money With Breakout Stocks" |
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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.
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Ticker Tape Digest's Daily schedule guide for TTD subscribers 1. Pre-market - check Breakout Watch List and Quick Trades. 2. Morning - (11:30 - 12 A.M.) - check breakout stocks tape and breakout chart slide show. 3. Midday (1 P.M.) check TTD Midsession Report and see market video show. 4. After close (4 P.M.) check final TTD Report for day. Trading Strategies 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 for the Long Term." Ideally suited for entry into top performing big cap stocks on pullbacks within overall up trend.(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) |
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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 - 4
Overall Quality of Breakouts - BELOW AVERAGE
Stocks Screened - 8,300
Bull side - Small list of breakouts Friday and poor quality. Bulls be patient as stock market seeks a bottom. Several energy stocks continue to do well. Key indicators now in the red!
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Favorable
Stock Market Momentum
Market (Daily) - NYSE Bearish, Nasdaq Bearish
Market (Weekly) - NYSE Bearish, Nasdaq Bearish
Market (Monthly) - NYSE Bearish, Nasdaq Bearish
Ticker Tape Digest's
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TTD's Quality Rating of Stock - PSXP - ABOVE AVERAGE |
PSXP, based in Houston, produces crude oil and petroleum products. Annual revenues: $107 million. PSXP's stock breaks out today from a five-week, cup-and-handle base. The move takes the stock, which came public last year, to a new all-time high. So far today, PSXP is trading 154,968 shares. Its average daily volume is 169,000 shares.
TTD highlighted PSXP as a breakout at our midsession video show on the Web Friday.
PSXP's 10-minute chart shows the stock clearing its breakpoint line early in the session. 
The stock then worked higher through the day hitting an intraday peak of 54.38. The stock then trended sideways in the afternoon holding its ground even though the stock market turned lower.
PSXP' tape action shows the recent block trades.
One can see the price for the blocks climbing from $47.90 in the prior session to as high as $54 on Friday.
A key bullish block crossed around midday when a block of 10,000 shares traded at $51.15.
That was up from the prior block at $48.10 on 6,218 shares. 
PSXP operates in several areas: refining and marketing, midstream and chemicals. refining and marketing segment purchases.
The company refines, markets and transports crude oil and petroleum products primarily in the U.S., Europe and Asia.
It also provides power generation operations.
Its midstream segment gathers, processes, transports and markets natural gas and transports, fractionates and markets natural gas liquids primarily in the U. S.
The company's chemicals segment makes petrochemicals and plastics.
PSXP's nine-month performance chart shows the stock appreciating 80% versus a 10% gain for the S&P 500 index. One can see (green bar) heavy insider buying back in August.
PSXP's long-term chart shows the stock coming public last year and trading around 30. The stock formed a base and broke out late last year. Since then it has been trending higher. The push to a new high is very bullish and could attract more buying. 
PSXP daily chart shows the stock climbing from 30 back in October to around 50 by March. The stock formed a base above its 50-day moving average line which is bullish.
The stock edged out of its base in the prior session.
Friday, it drives clear of the base even though the stock market was down hard during the past two sessions.
PSXP's TTD momentum indicator (top of chart) is strongly bullish.
The accumulation - distribution line (bottom of chart) is in an overall up trend. That shows good underlying buying in the stock.
This year, analysts are forecasting a big 257% surge in profits to $1.43 a share from 40 cents a year ago. The stock sells with a price-earnings ratio of 37. That is high. So, the stock is most appropriate for aggressive investors.
Going out to 2015, analysts project a 21% gain in profits to $1.72 a share from the anticipated $1.43 this year. 
Earnings for the first quarter should climb 34% to 25 cents a share from 19 cents a year ago.
The highest estimate on the Street is at 29 cents a share.
Going out to the second quarter, net should come in at 39 cents a share. There was no comparison from a year ago.
Strategy Opinion: TTD is targeting PSXP for a move to 65. A protective stop can be placed near 51.50.
TTD rates PSXP an average intermediate-term play.
Sponsorship: Very Good. The largest fund holder is 4-star rated Baron Small Cap Retail Fund with a 1.1% stake. It has kept its position steady. A key fund buyer recently was the 4-star rated Fidelity Balanced Fund which purchased 197,098 shares. It has a 0.28% stake.
PSXP has 70.4 million shares outstanding. Institutions hold 48% of the stock.
Insider Activity: Bullish. Insiders were recent buyers at $43.98 in February. They have been getting stock options at $36 but have done no selling. Right now, 6 analysts follow the stock, 2 have a buy, up from one three months ago.
Stock Performance Chart with Quarterly Earnings Markers.
| TTD's Breakout Profile
Rating Phillips 66 Partners L.P. - (PSXP) |
| 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 | 13 | 0 | 1 |
Charts of Selected Breakout Stocks
| TTD's Quality Rating of Stock - TITN - BELOW AVERAGE |
| TTD's Quality Rating of Stock - JAKK - BELOW AVERAGE |
| TTD's Quality Rating of Stock - RAD - BELOW AVERAGE |
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 - 20 - the max
Stocks Screened - 8,300
Long-Term Environment for bears: Neutral.
Bear Side - Many shorts today as stock market continues lower. Bears be selective. TTD's short from Thursday was Ehealth Inc. (EHTH) at 45.38. It closed at 45.30 and is working okay for bears.
OSTK, based in Salt Lake City, Ut., sells close out items on the internet. Annual revenues: $1.3 billion. OSTK's stock falls today and undercuts key technical support with expanding volume. The stock has been in a down trend. TTD sees more on the downside. 
So far today, OSTK is trading 444,906 shares. Its average daily volume is 379,000 shares.
OSTK's stock fell sharply in the morning. It hit an intraday low of 17.14. The stock then lifted a bit to reduce its deficit. However, in the afternoon, OSTK faded again.
In after hours trading the stock popped to 18.77. However, that was on a trade of just 100 shares. The trade prior to that was at $17.52 on 300 shares.
OSTK's tape action list shows the recent block trades.
One can see a key bearish trade coming late on Thursday. That is when a giant block of 149,350 shares crossed the tape at $18.75.
That was down from the prior block at $19.07 on 4,016 shares.
OSTK. is an online closeout retailer offering discount, brand-name merchandise for sale over the Internet. Their merchandise offerings include bed-and-bath goods, kitchenware, watches, jewelry, electronics, sporting goods and designer accessories.
OSTK's earnings for the first quarter are expected to decline 21% to 25 cents a share from 31 cents a year ago. In the prior quarter, OSTK came in slightly below Street estimates. For the year, analysts are forecasting a rise in net to $1.12 a share from 63 cents a year ago.
OSTK's daily chart shows the stock cutting below key technical support. OSTK's accumulation - distribution line (bottom of chart) is in a down trend showing clear heavy selling pressure on the stock.
Strategy Opinion: TTD is targeting OSTK for a decline to 14. A protective stop buy can be placed near 19.
| TTD's Quality Rating of Stock - OSTK - BELOW AVERAGE |
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.)
