The MTG Stalk Sheet
March 18, 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

There are no new setups ahead of today's Fed meeting. If the market responds favorably to the Fed's decision we will look to enter stocks breaking out on strong volume from our long watchlist below. We are currently flat and prepared to establish positions in either direction. We will notify via email and cell alert if any new trades are placed.

All open positions triggered their protective stops per the gap rules yesterday. These rules are designed to protect our capital in dangerous markets. Without rules we are reduced to trading on emotion rather than executing a plan. Trading on emotion will often lead to decisions that seem justified at that moment, but ultimately lead to larger losses that can easily spiral out of control. We take our losses (follow the plan) and move on knowing that over the long haul we will outperform the market.

"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

XTO - 61.76

Breakout entries (typically trigger over a tight trading range)
APC - 66.70
DNR - 33.12
APA - 120.70
MT - 80.35
MTL - 143.01
AKS - 56.40
CALM - 36.65
ABX - 54.90

SHORT WATCHLIST AND TRIGGER PRICES
EBAY - 25.19 (triggered 3/17)
LRCX - 37.19 (triggered 3/17)
FO - 62.74 (gapped down below entry)
NETL - 20.80 (triggered 3/17)
WYN - 19.80 (triggered 3/17)
MOT - 9.43 (gapped down below entry)
IMA - 28.40 (triggered 3/17)
ODP - 10.69 (triggered 3/17)

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):

net P/L = ($486)

net P/L = ($495)

net P/L = ($512)

net P/L = ($637)

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

Notes:

The ECA entry and exit price above has been averaged out due to our re-entry after the original stop out.

Market Conditions / Gameplan:

Market Leaders

Leaders - ABX AEM AKS APA APC BUCY BVN CALM CF CHK CMP COG DBA DBC DVN EAC ECA EOG EQT FCN FDG GDX GG GLD GOLD HP KWK MOS MTL NUE PAAS POT RRC SGY SLV STLD STR SYT UPL USO WLL WLT XEC XTO

Leaders at/near the 50-day MA

(a key institutional support level) - ACI AGU CF EWZ FCL MOS MUR OMG RIG RIO

Leading stocks breaking the 50-day MA (last week) - CNX, SPW, TNE

Steel and iron stocks are showing incredible relative strength and could certainly lead the market higher if/when it bottoms.

Open Position Detail:

flat

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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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