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 today. Our scans turned up very few swing longs due to the pop in the market over the past two days. We do see a few continuation breakout setups out there such as CLF, PCLN, MEE, and ACI. If anything catches our eye intraday, we will promptly send an email alert.
"SELF-SERVE" STALK LIST - UPDATED EVERY MONDAY (Click here to view the "Self-Serve" Stalk List
section of the user guide.)
Pullback entries - (2-5 day pullbacks)
Breakout entries (typically trigger over a tight trading range)
New setups
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SHORT WATCHLIST AND TRIGGER
PRICES
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):
GOLD long (200 shares from Feb. 26) -
Closed positions (since last report):
bought 49.79, stop 47.94,
target new highs, unrealized points = + 1.99, unrealized P/L = + $394
CG short (175 shares from Feb. 22) -
sold short 74.47, stop 77.01,
target 69.25, unrealized points = (1.62), unrealized P/L = ($287)
ILMN long (200 shares from Feb. 26) -
Current equity exposure ($200,000 max. buying power):
bought 76.40, sold 74.38,
points = (2.02), net P/L = ($408)
$23,672
Notes:
Market Conditions / Gameplan:
While the S&P pushes higher, leading tech stocks of 2007 are making lower lows such as GOOG, AAPL, AMZN, and BIDU. What stocks will emerge to take the market higher? Commodity stocks are hot right now, but they are not the earnings growth monsters that drive bull markets. We need to see new leadership from growth stocks in order to sustain a rally. Other than a few biotech stocks (PRGO,BMRN, and ILMN), we see very few IBD type growth stocks trading with strong chart patterns near the highs. What this means is that the market is in bounce mode and the odds of this relief rally turning into a new bull market are slim.
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. Extrmemly choppy conditions still exit.
Leaders - ACI, AEM, ANR, AUXL, BVN, BMRN, CF, CLF, CHK, CNX, DBA, DBC, DVN, EOG, FCL, FSLR, GOLD, IGT, ISRG, MA, MEE, MOS, MTL, OI, PBR, POT, PRGO, RRC, SID, SLV, SPW, USO, WLT
Leaders at/near the 50-day MA (a key institutional support level) - AG, BMRN, DE, HES, MA, OXY, PRGO
Leading stocks breaking the 50-day MA (last week) - FLIR, FSLR, ISRG
Notes on leaders: