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 setups today. We are still monitoring coal stocks for a continuation breakout. Biotech stocks are coming alive with bullish chart patterns in BMRN, PRGO, ILMN, and IMCL. We are looking to establish positions on both sides of the market wherever we can find relative strength and weakness. If any new trades are placed we 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)
New setups
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Breakout entries (typically trigger over a tight trading range)
New setups
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SHORT WATCHLIST AND TRIGGER
PRICES
New setups
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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 = + 2.93, unrealized P/L = + $582
CG short (175 shares from Feb. 22) -
sold short 74.47, stop 77.01,
target 69.25, unrealized points = (1.42), unrealized P/L = ($252)
(none)
Current equity exposure ($200,000 max. buying power):
$23,825
Notes:
Market Conditions / Gameplan:
The S&P has run into resistance of the downtrending 50-day MA, so we do expect some stalling action for a few days. The Nasdaq 100 is trading in a very narrow range and could break in either direction over the next few days. We are cautiously looking to establish new short and long positions.
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: