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 broad market averages are in pullback mode after yesterday's heavy volume distribution day. We are not bearish on the market, but we expect a short-term pullback to eventually find support somewhere above the 2/5 swing low. We will promptly send an alert if any new trades are made.

Per intraday alert, we bought F yesterday due to its relative strength and strong volume:

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


• Watching: VECO, GMCR, DSW, PLCE, MGA
  
  - 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


• RL - 79.79
• FMX - 41.55
  
  - Previous setups
  
  
  
  - Triggered
  
• PBR - 42.34 (break of uptrend line on bounce off swing low) (triggered 2/23)
• TSRA - 19.04 (break of uptrend line on bounce off swing low)(triggered 2/23)
• JPM - 40.14 (triggered 2/23)
  

Open positions (coming into today):


MA short (75 shares from Feb. 17) -
sold short 224.14, stop 230.20, target (will send alert), unrealized points = + 2.12 unrealized P/L = + $158

AGN short (200 shares from Feb. 19) -
sold short 59.00, stop 60.75, target (will send alert), unrealized points = + 0.77 unrealized P/L = + $152

F long (900 shares from Feb. 23) -
bought 11.47, stop 11.08, target (will send alert), unrealized points = + 0.13, unrealized P/L = + $108

CTXS long (150 shares from Feb. 18) -
bought 44.12, stop 42.79, target (will send alert), unrealized points = (0.21), unrealized P/L = ($33)

MMR long (300 shares from Feb. 10) -
bought 15.71, stop 150 @ 14.85 & 150 @ 13.94, target (will send alert), unrealized points = (0.42), unrealized P/L = ($129)


Closed positions (since last report):


(none)


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


$38,265


Notes:


• Per intraday alert, bought F due to the relative strength and tight pattern.


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 - Holding at/near the pivot level. We have only a half position on.
• MMR - No follow through on Monday's reversal. The close below the 20-day EMA is a concern. If it doesn't bounce back above the EMA, then we could see a shakeout to test the lows of the current range.
• MA - Refuses to fall apart, but remains weak.
• AGN - Beginning to selloff. Looking for a test of 56.00.
  
  
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Edited by Deron Wagner,
MTG Founder and Head Trader



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