The MTG Stalk Sheet
March 7, 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


AMB - AMB Property

  • Industry - REIT
  • Side - short
  • Shares - 150
  • Stalking since - March 7
  • Timeframe - 5 - 20 days
  • Trigger - 47.45
  • Target - new lows
  • Stop - 50.61
  • Notes -
      • AMB has been consolidating near the 52-week lows over the past six weeks.
      • Broke the lows of the range yesterday.
      • Our short entry is on a bounce into the breakdown area.
      • The stop is placed well over the 20-day MA.
      • Trade expectations - Look for AMB to set new lows 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 - (2-5 day pullbacks)

      New setups

    • ATW - 94.51
    • SSL - 52.15
    • SID - (triggered 3/4)
    • HPQ - (triggered 3/4)
    • RS - 57.11 (triggered 3/4)
    • AKS - 53.11 (triggered 3/5)
    • SGR - 64.55 (triggered 3/5)
    • FMC - 58.01 (triggered 3/5)
    • OXY - 78.30 (triggered 3/5)
    • RIG - 139.41 (triggered 3/5)
    • SNDA - 33.55 (triggered 3/5)
    • HES - 95.01 & 95.87 (triggered 3/5)

      Breakout entries (typically trigger over a tight trading range)

    • ABX - 54.12
    • CLF - 128.05
    • RIG - 145.01
    • OXY - 80.55
    • XTO - 64.15
    • BBD - 33.01
    • FLS - 108.76
    • SVNT - 24.45 (23.45 entry triggered over downtrend line on 3/4)
    • CMP - 60.11 (false breakout 3/4)
    • GDX - 54.61 (triggered 3/3)
    • MUR - 83.76 (triggered 3/5)
    • SU - 107.20 (triggered 3/5)
    • IMCL - 46.01 (triggered 3/5)
    • ANR - 43.01 (false triggered 3/6)

      SHORT WATCHLIST AND TRIGGER PRICES

      New setups

    • FWLT - 65.27
    • SVVS - 19.09 (triggered 3/3)
    • EQIX - 68.39 (triggered 3/3)
    • UTHR - 82.84 (triggered 3/3)
    • STP - 36.35 (triggered 3/4)
    • CHL - 73.49 (gapped open below trigger 3/4)
    • NIHD - 39.13 (triggered 3/4)
    • HAR - 41.49 (gapped down beneath entry)
    • ESI - 52.94 (triggered 3/6)
    • NVLS - 21.94 (triggered 3/6)




    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):

        IMCL long (225 shares from March 5) -
        bought 45.84, stop 44.49, target new 52-week highs, unrealized points = (0.46), unrealized P/L = ($106)

        CRM long (175 shares from March 5) -
        bought 59.05, stop 56.74, target new highs, unrealized points = (1.31), unrealized P/L = ($231)

      Closed positions (since last report):

        CG short (175 shares from Feb. 22) -
        sold short 74.47, cover 74.85 points = (0.38), net P/L = ($70)

        JRJC long (200 shares from March 3) -
        bought 19.98, sold 18.19, points = (1.79), net P/L = ($360)

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

        $20,315


      Notes:

      • JRJC triggered our stop yesterday into the close.
      • Per intraday email alert, we covered CG for a small loss due to the lack of follow through to the downside.


      Market Conditions / Gameplan:

      The S&P 500 appears to be forming a trading range from 1,316 to 1,396 on the daily chart. We see resistance on the S&P from the 10-day MA and 20-day EMA near 1,350. If the S&P can close above this level then it will have to deal with the downtrending 50-day MA, which provided strong resistance in late February.


      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, ANR, BVN, BMRN, CF, CLF, CHK, CNX, DBA, DBC, DVN, EOG, FCL, GOLD, IGT, 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, MON, HES, VAR

          Leading stocks breaking the 50-day MA (last week) - CMED


        Notes on leaders:



      Open Position Detail:

      • CRM - Holding above the lows of the pullback. No change in stop.
      • IMCL - Held up well during market selloff. No change in stop.


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      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.

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      All Rights Reserved



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