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

The S&P 500 has failed to make much progress since touching the 50-day MA on 2/18. As mentioned yesterday, we expect some sort of retracement to develop this week. A failed probe above the current two-day high in the S&P could ignite a selloff.

There are no new official setups this morning. We remain hedged with an equal mix of long and shorts. We will promptly send an intraday alert if anything catches our eye while scanning.

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



- Previous setups



- Triggered




Breakout entries - (from cup and handles, bull flags, flat bases, and downtrends)


- New setups



- Previous setups


• GMCR - 84.36 (over yesterday's high)
• CEDC - 34.13 (break of short-term downtrend line)
  
  - Triggered
  
  
  
  SHORT WATCHLIST AND TRIGGER PRICES
  
  - New setups
  
• PBR - 42.34 (break of uptrend line on bounce off swing low)
• TSRA - 19.04 (break of uptrend line on bounce off swing low)
  
  - Previous setups
  
• JPM - 40.14
  
  - Triggered
  
  
  

Open positions (coming into today):


MMR long (300 shares from Feb. 10) -
bought 15.71, stop 150 @ 14.85 & 150 @ 13.94, target (will send alert), unrealized points = + 0.52, unrealized P/L = + $153

CTXS long (150 shares from Feb. 18) -
bought 44.12, stop 42.79, target (will send alert), unrealized points = (0.01), unrealized P/L = ($3)

MA short (75 shares from Feb. 17) -
sold short 224.14, stop 230.20, target (will send alert), unrealized points = (0.10) unrealized P/L = ($8)

AGN short (200 shares from Feb. 19) -
sold short 59.00, stop 60.75, target (will send alert), unrealized points = (0.13) unrealized P/L = ($28)


Closed positions (since last report):


(none)


Current equity exposure ($200,000 max. buying power):


$28,304


Notes:




Market Conditions / Gameplan:

The major indices are bumping into major resistance levels now, so we're going to lay low on the long side for now, focusing on managing existing long entries. We continue to scan for new leadership stocks.



Market Leaders:

Monitoring the price action of leading stocks is the best way to gauge the health of the market (when the market is trending higher). Keep a watchlist of these symbols up at all times and review the price action every night after the close. This list of leaders is updated every Monday.


Current / Potential Leadership



BIDU RVBD PRGO GMCR PLXS NFLX NETL VECO CPLA CAGC MMR VCI SANM ARUN




Open Position Detail:


• CTXS - Pulled back to breakout pivot. We'd like to see the action hold above the 10-day MA.
• MMR - Yesterday's shakeout bar was bullish. We should eventually see another breakout develop over the downtrend line around the 16.70 area.
• MA - Probed above the 10-day MA intraday, but closed the session back below it.
• AGN - Showing relative weakness.
  
  
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Edited by Deron Wagner,
MTG Founder and Head Trader



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