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. Asian and European markets sold off 2-3% and US futures are trading down more than 1% this morning. We have listed quite a few energy related longs, as they are showing the most strength. If the market gaps down significantly but holds, we could see a bullish reversal where we would look to get long some of the better acting stocks from our watchlists below (via intraday 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
----------------------------
Breakout entries (typically trigger over a tight trading range)
New setups
----------------------------
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):
flat
Closed positions (since last report):
(none)
Current equity exposure ($200,000 max. buying power):
$0
Notes:
Market Conditions / Gameplan:
We want to avoid chasing this market, as we have really missed nothing with the majority of strong price action coming from stocks ripping off the lows. If indeed yesterday was the start of the bottoming process, then there should be plenty of buying opportunities in quality stocks trading near their 52-week highs over the next few weeks. Energy related stocks dominates our long watchlists.
Market Leaders:
Monitoring the price action of leading stocks is the best way to gauge the health of the market (when the market is trending higher). This list of leaders is updated every Monday.
Leaders - ADM
AEM,
AKS,
APA,
BUCY,
BVN,
CHK,
CMP,
COG,
DBC,
DVN,
ECA,
EOG,
EQT,
FCN,
FLS,
GG,
GOLD,
NFLX,
SGY,
SLV,
USO,
WLT,
XEC,
XEC
Leaders at/near the 50-day MA (a key institutional support level) - CF, HES, ILMN, MEE, PBR, RIG
Leading stocks breaking the 50-day MA (last week) - MON, RIMM
Notes on leaders: