The MTG Stalk Sheet
February 13, 2008
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
VNO - Vornado Realty
Industry - REIT
Side - Long
Shares - 125
Stalking since - February 13
Timeframe - 3 - 20 days
Trigger - 88.20
Target - 95 to 100
Stop - 85.41
Notes -
- VNO has found support at the 61.8% fibo retracement level.
- Held the prior lows of 12/18 & 11/27, to give it an inverted head and shoulders look.
- Has corrected on lighter than average volume.
- The long entry is over the downtrend line of the pullback, as well as the 20 & 50-day MA's.
- The stop is placed beneath the hammer reversal bar on the hourly chart (which cant be seen properly on the chart above).
- Trade expectations - Look for VNO to run back up to the swing high at 95 for a minimum target. If the price and volume action holds up we could see a move to the 200-day MA over the next few weeks.
"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 -
New setups
- HES - 93.70
- ACI - 51.01
- CRM - 54.76
- OXY - 70.15
- SLG - 88.11
- AVB - 94.51
- VNO - 88.20
---------------------------------------
- ALNY - 33.70 (triggered 8/12)
- SNA - 50.35 (triggered 8/12)
- SID - 33.33 (triggered 8/12)
- LULU - 35.15 (triggered 8/12)
- CHNR - 24.00 (triggered 8/12)
- CENX - 55.30 (triggered 8/11)
- SPW - 105.15 (triggered 8/11)
- TEVA - 47.01 (gapped open above trigger 8/11)
Breakout entries -
New setups
- PBR - 98.01
- UA - 46.11
- CHRW - 55.51
---------------------------------------
- ISRG - 305.00
- CNX - 78.30 (triggered 8/11)
- MTL - 101.45 (gapped open above trigger 8/11)
- OI - 53.80 (triggered 8/11)
- BUCY - 97.88 (triggered 8/12)
- CF - 112.51 (triggered 8/12)
SHORT WATCHLIST AND TRIGGER
PRICES
- MNT - 30.73
- WEN - 22.19
- SBUX - 17.84
Note - Be sure to check for earnings dates before entering setups from the self-serve list over the next few weeks.
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 Feb. 11) -
bought 88.13, stop 84.24,
target new highs, unrealized points = + 3.22, unrealized P/L = + $321
AKS long (150 shares from Feb. 8) -
bought 45.12, stop 42.69,
target (breakout above 49.00), unrealized points = + 1.00, unrealized P/L = + $149
OI long (175 shares from Feb. 11) -
bought 54.18, stop 52.36,
target new highs, unrealized points = + 0.69, unrealized P/L = + $119
Closed positions (since last report):
SPW long (150 shares from Feb. 11) -
bought 105.21, sold 104.41,
points = (0.80), net P/L = ($123)
Current equity exposure ($200,000 max. buying power):
Notes:
- Per intraday e-mail alert, SPW hit our trailing stop late in the afternoon.
Market Conditions / Gameplan:
The lack of follow through in the afternoon session was a dsiappointment, however, we are seeing constructive price action from stocks. Banks, Reit's, and Oils look to be firming up.
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 - ACI, AEM, AUXL, BVN, CLF, CNX, DBA, DBC, FCL, MA, MEE, OI, PBR, PRGO, RRRC, SID, SLV, SPW, WLT,
Leaders at/near the 50-day MA (a key institutional support level) - ADM, AGP, PA, BLK, HES, ISRG, LUK, MA, SPW, TEVA
Leading stocks breaking the 50-day MA (last week) - APOL, BG, HUM
Notes on leaders:
We are seeing more bullish setups emerge in the market.
Open Position Detail:
- AKS - Should hold above 45. No change in stop.
- UTHR - Held up well. No change in stop.
- OI - Look for 38% retracement of move from 50 to 56 for support. No change in stop.
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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Morpheus Trading, LLC
All Rights Reserved
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