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
We entered five new positions via Intraday Trade Alert yesterday, so there are no new setups in the pre-market today. Instead, we'll focus on managing our existing positions for maximum profitability. Though we prefer to give traders advance notice of pre-market trade setups we're stalking, we've found the current volatility of the market to be more conducive to using intraday alerts for trade entry.
"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):
HES long (150 shares from March 13 entry) - bought 98.20, stop 95.74, target new high (will trail stop), unrealized points = + 2.49, unrealized P/L = + $374
Closed positions (since last report):
CTRP long (200 shares from March 13 entry) - bought 52.90, stop 51.32, target 59.70, unrealized points = + 2.49, unrealized P/L = + $326
RIMM long (100 shares from March 13 entry) - bought 102.73, stop 97.80, target 114.30, unrealized points = + 2.92, unrealized P/L = + $292
ECA long (200 shares from March 13 entry) - bought 78.25, stop 76.19, target new high (will trail stop), unrealized points = + 0.66, unrealized P/L = + $132
SOHU long (200 shares from March 13 entry) - bought 46.75, stop 44.28, target 51.72, unrealized points = (0.10), unrealized P/L = ($20)
(none)
Current equity exposure ($200,000 max. buying power):
$61,686
Notes:
Market Conditions / Gameplan:
Yesterday's recovery off the opening gap down was quite bullish, and took the Nasdaq to close above its March 11 high. We expect a breakout above its 20-day EMA in the coming days, which should send our stocks higher. We're laying low on S&P/Dow issues, focusing more on the relative strength the Nasdaq has been exhibiting.
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: