The MTG Stalk Sheet
April 3, 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 official setups today. We have updated the long watchlists below. If anything catches our eye while scanning, we will promptly send an intraday alert.
"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
- ANR - 42.60
- BZP - 20.11
- NFLX - 37.15
-----------------------
- KSU - 40.31 (triggered 3/31)
- RYL - 32.61 (triggered 3/31)
- MTH - 19.55 (triggered 3/31)
- WMT - 52.80 (triggered 3/31)
- XEC - 55.05 (gapped above trigger)
- PNRA - 42.65 (triggered 4/1)
- KBH - 25.85 (triggered 4/1)
- BMRN - 36.11 & 36.65 (triggered 4/1)
- CEPH - 64.60 (gapped above trigger)
- MA - 223.01 (gapped above trigger)
- CHT - 26.30 (gapped higher and faded)
- RIG - 138.15 (triggered 4/2)
Breakout entries (typically trigger over a tight trading range)
New setups
- CRK - 41.13
- SID - 38.51
- MYGN - 41.72
- FMX - 44.12
- PCLN - 128.51
- QMAR - 24.28 (break of five month long downtrend)
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- MON - 117.11
- DVN - 108.26
- APA - 122.51 (triggered 4/2)
- ITRI - 95.65 (triggered 4/2)
- FDG - 54.26 (triggered 4/2)
- SCHN - 73.51 (triggered 4/1)
- ILMN - 75.18 (triggered 3/31)
- ISRG - 332.11 (triggered 4/1)
- HP - 47.51 (triggered 4/1)
- EOG - 122.11 (triggered 4/2)
- CRM - 62.05 & 63.60 (triggered 4/2)
- SWN - 34.32 (triggered 4/2)
- RRC - 65.13 (triggered 4/2)
- LNN - 107.55 (triggered 4/2)
SHORT WATCHLIST AND TRIGGER
PRICES
- AMGN - 41.17
- DLX - 19.04 (triggered 3/31)
- EEFT - 19.11 (triggered 3/31)
- SLM - 14.63 (triggered 3/31)
- FFIV - 18.77 (triggered 3/31)
- RVBD - 15.43 (triggered 3/31)
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):
SIAL long (200 shares from March 28) - bought 57.49, stop 58.74, target new highs (will trail stop), unrealized points = + 3.81, unrealized P/L = + $760
ISRG long (50 shares from Arpil 1) - bought 332.35, stop 326.89, target new highs (will trail stop), unrealized points = + 7.67, unrealized P/L = + $383
FLR long (125 shares from April 1) - bought 146.55, stop 143.49, target new highs (will trail stop), unrealized points = + 2.27, unrealized P/L = + $282
RRC long (250 shares from April 2) - bought 65.16, stop 62.94, target (new highs), unrealized points = + 0.29, unrealized P/L = + $70
ITRI long (100 shares from April 2) - bought 96.30, stop 91.22, target (new highs), unrealized points = + 0.50, unrealized P/L = + $51
BRKR long (350 shares from March 26) - bought 16.04, stop 14.69, target (new highs), unrealized points = (0.06), unrealized P/L = ($24)
Closed positions (since last report):
Current equity exposure ($200,000 max. buying power):
Notes:
- RRC long triggered.
- Per intraday email alert, we bought the pullback in ITRI
- The correct position size in FLR is 125 shares. In Wednesday's Stalk Sheet we incorrectly listed it as 100 shares.
Market Conditions / Gameplan:
- We are looking to establish new long positions in stocks breaking out to or pulling back from new highs.
- The bottoming process is a fact finding mission, where we gather evidence to build our case for the long side. Yesterday's huge gains across the board confirms that an intermediate term bottom has been put in. Tuesday's monster up volume accounted for over 90% of the total volume on the nyse for the third time in three weeks. This is a very bullish sign, as it normally takes just two days of 90% up volume to ignite a significant rally (one more couldn't hurt).
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 -
AKS
ANR
APA
BRKR
CALM
CLF
CMP
CSX
DVN
EOG
FCN
FDG
FMX
HP
ILMN
KEX
LNN
MA
MT
NFLX
NUE
PRGO
RRC
SIAL
SID
STLD
WLT
WMT
XEC
XTO
Leaders at/near the 50-day MA (a key institutional support level) -
MON
GG
SLV
Leading stocks breaking the 50-day (last week) -
WMS
WFR
Notes on leaders:
Look out for bull flag setups in natural gas stocks.
Home construction stocks are showing relative strength so far this year - RYL, MTH, and KBH.
Steel and iron stocks are in great shape at the highs.
Open Position Detail:
- SIAL - Lighter volume pullback. No change in stop.
- BRKR - Forming an hourly double bottom with handle pattern. No change in stop.
- ISRG - Held above 20EMA/60min chart. No change in stop.
- FLR - Lighter volume pullback. No change in stop.
- ITRI - Just entered before the close. No change in stop.
- RRC - Decent breakout on higher volume with good relative strength in the afternoon session. No change in stop.
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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