The MTG Stalk Sheet
December 28, 2007

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

There are no new official setups for today. We remain in capital preservation mode, but we are looking to enter one or two positions with reduced risk. We are monitoring the self-serve watchlists for possible entries. If anything catches our eye intraday while scanning, we will promptly send an e-mail alert.



UPL - Ultra Petroleum

  • Industry - Oil & Gas Operations
  • Side - Long
  • Shares - 125
  • Stalking since - December 27
  • Timeframe - 5 - 20 days
  • Trigger - 69.76
  • Target - new highs
  • Stop - 66.79
  • Notes -
      • UPL is consolidating in a tight range near the all time highs (check out the strong monthly chart).
      • After a failed breakout attempt on 12/11, it pulled back to support of the 20 & 50-day MA's on the daily chart.
      • The hourly chart above shows the pullback action and the break of the hourly downtrend line.
      • The entry is over the highs of the past two sessions.
      • The stop is placed just beneath the low of the pullback.
      • Trade expectations - Look for UPL to breakout from the current range and test the highs. If the price and volume action is strong, we could see a move to new highs.
    "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

      Pullback entries -

      New setups

    • GG - 34.26
    • FWLT - 160.01
      -----------------------------
    • TKC - 28.60
    • VRSN - 38.51
    • MELI - 62.61 (triggered 12/26)
    • ESRX - 71.55 (triggered 12/24)
    • APOL - 73.01 (triggered 12/27 on failed gap up)

      Breakout entries -

      New setups

    • ONXX - 59.66
    • EOG - 91.76
    • APA - 109.01
    • VIP - 45.60
      -----------------------------
    • RIMM - 122.51
    • FCSX - 48.11 (triggered 12/26)
    • LOGI - 36.30 (triggered 12/27 on weak gap up)
    • APA - 108.76 (triggered 12/27 on false breakout)

      SHORT WATCHLIST AND TRIGGER PRICES

      New setups

    • JWN - 35.19
    • JCP - 42.79
    • ATI - 86.49
    • HANS - 44.49
      -----------------------------
    • TAM - 24.14
    • MTG - 21.64
    • LVS - 106.94 (triggered 12/24)
    • AMT - 42.14 (triggered 12/27)


    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:

      Open positions (coming into today):

        flat

      Closed positions (since last report):

        (none)

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

        $0


      Notes:

      • Note the change of trigger price in the UPL setup.


      Market Conditions / Gameplan:

      We are looking to grab one or two stocks on the longside with reduced risk. If the market trades sideways for one or two more days, we should see more quality long setups emerge.


      Market Leaders:

        Monitoring the price action of leading stocks is the best way to gauge the health of the market. This list of leaders is updated every Monday.

          Leaders - BMRN, MOS, HES, VIP, OSIP, APC, FSLR, STP, SPWR, DE, SIGM, MA, JEC, DO, ESRX, MON, MTL, DECK, RIG, UTHR, UPL

          Leaders at the 50-day MA (a key institutional support level) - GOOG, CMI, SIGM, UPL, NOKE, GRMN, CHL, CAM, SLB

          Leading stocks breaking the 50-day MA -

        Notes on leaders:



      Open Position Detail:

      • flat


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      Edited by Deron Wagner,
      MTG Founder and Head Trader

      DISCLAIMER: There is a risk for substantial losses trading securities and commodities. This material is for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell any securities. The Company and/or its affiliates, officers, directors and employees may or may not buy, sell or have a position in the securities discussed in The MTG Stalk Sheet and may profit in the event the shares of the companies discussed in The MTG Stalk Sheet rise or fall in value. Morpheus Trading, LLC (hereinafter "The Company") is not a licensed broker, broker-dealer, market maker, investment banker, investment advisor, analyst or underwriter. This discussion contains forward-looking statements that involve risks and uncertainties. A stock's actual results could differ materially from descriptions given. The companies discussed in this report have not approved any statements made by The Company. Please consult a broker or financial planner before purchasing or selling any securities discussed in The MTG Stalk Sheet. The Company has not been compensated by any of the companies listed herein, or by their affiliates, agents, officers or employees for the preparation and distribution of any materials in The MTG Stalk Sheet. Past performance never guarantees future results.

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