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
With the broad market registering six straight days of losses and obvious break of supports, current prices in general are not ideal for short entry. There isn't much to do on the long side either, as most leading stocks are clearly under distribution and/or have broken their 50-day MA's. We will continue to monitor stocks showing relative strength for potential long setups if/when the market shows signs of bottoming. We had a few losses, but following our disciplined plan of stops prevented much larger losses. Consistently taking pre-determined stops, while letting winners ride, is the way to long term profitability.
"SELF-SERVE" STALK LIST - UPDATED EVERY MONDAY (Click here to view the "Self-Serve" Stalk List
section of the user guide.)
Pullback entries - (changes to trigger prices are highlighted in red)
Breakout entries - Higher failure rate in weak markets
SHORT WATCHLIST AND TRIGGER
PRICES
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):
UTHR long (100 shares from Jan. 3) -
Closed positions (since last report):
bought 100.58, stop 97.55,
target new highs, unrealized points = + 3.34, unrealized P/L = + $333
UPL long (125 shares from Dec. 28) -
bought 69.91, stop 66.79,
target new highs, unrealized points = + 2.02, unrealized P/L = + $251
SID long (125 shares from Jan. 3) -
Current equity exposure ($200,000 max. buying power):
bought 90.70, sold 86.94, points = (3.76), net P/L = ($473)
DRYS long (100 shares from Jan. 3) -
bought 80.09, sold 76.11, points = (3.98), net P/L = ($400)
ONXX long (100 shares from Jan. 3) -
bought 58.32, sold 57.26, points = (1.06), net P/L = ($108)
$19,383
Notes:
Market Conditions / Gameplan:
Wicked sell-off in the broad market. There is nothing much to do at these levels. If/when the market bounces we will look at establish a few short positions. We will also continue to monitor the price action of stocks showing relative strength.
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.
Open Position Detail:
Leaders - TRA, AGU, ATW, MON, SVNT, MOS, OXY, CF, HOLX, MUR, DO, CBI, RIG, HES, MTL, UTHR, ONXX, BMRN, POT, UPL, NBL, GG, BVN, ABX
Notes on leaders:
Leaders at/near the 50-day MA (a key institutional support level) - MA, MR, AMZN, AAPL, SPWR, OSIP, EDU
Leading stocks breaking the 50-day MA - CMG, GOOG, ISRG, BIDU, SOHU, RIMM, DECK, GME, MICC, FCX, CME, DV
Click here for
a free trial to Morpheus Trading Group's other newsletter
services.
Please check out the MTG Stalk
Sheet Subscriber Guide to learn how to get the most from your
subscription.
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.
Copyright © 2002 - 2007 -
Morpheus Trading, LLC
All Rights Reserved