The MTG Stalk Sheet
February 8, 2010
The MTG Stalk Sheet presents you with the best individual
stocks that Morpheus Trading Group is stalking for potential trade entry
each day, all in a concise and easy to understand format. Please be sure to read the MTG
Stalk Sheet User Guide in order to understand the terminology below and to
receive the maximum benefit from your subscription. Enjoy!
"FULL-SERVE" STALK LIST
Friday's late reversal action in the major averages will probably lead to a short-term bounce this week. The lack of proper basing patterns suggests that it's still is a bit early for the market to stage a meaningful advance. We plan to reduce our share size on any new long positions (around $300 per trade) until broad market conditions improve. We will promptly send an intraday alert if any new trades are made.
"SELF-SERVE" STALK LIST - UPDATED EVERY MONDAY (Click here to view the "Self-Serve" Stalk List
section of the user guide.)
LONG WATCHLIST AND TRIGGER PRICES - (changes to
trigger prices are highlighted in red)
Pullback entries - (2-5 day pullback in a strong uptrend or pullback to the 20 & 50-day MA's)
- New setups
- IAG - 14.11 (strong volume reversal bar on Friday, make sure any gap up holds)
- CELG - 56.30 (reclaim 50-day MA)
- UTHR - 57.40 (move out after pullback to 20-day EMA)(reports 2/18)
- Previous setups
- Triggered
Breakout entries - (from cup and handles, bull flags, flat bases, and downtrends)
- New setups
- Previous setups
- Triggered
SHORT WATCHLIST AND TRIGGER PRICES
- New setups
- Previous setups
- Triggered
Daily Stalk Summary
Below is an overview of all
"full-serve" open positions, as well as a performance report on all "full-serve"
positions that were closed only since the previous day's newsletter. Net
P/L figures are based on the $100,000 Stalk
Sheet model account size. Changes to open positions since the previous
report are listed in red text below. Please review the MTG Stalk Sheet Subscriber Guide for important, automatic rules on opening gaps and stop prices: