The MTG Stalk Sheet
April 8, 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 full-serve setups pre-market, however, we are monitoring KBH, KSU, and a few other stocks for potential long entries today. Yesterday's selloff shook out the longs who are still in bear market mode. The selling in the Nasdaq was much uglier than the S&P, but volume shrank by 10%. We should expect a few setbacks along the way, as the market attempts to push higher over the next month or two.

"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

NUE - 71.61

Breakout entries (from cup and handles, bull flags, flat bases,and downtrends)

New setups
KSU - 41.91
KBH - 29.12
LEN - 22.86
GWR - 36.26
------------------------------
CHD - 57.85
V - 66.41 (65.26 entry triggered 4/7)
ITRI - 98.76 (false breakout 4/7)
CRK - 41.33 (triggered 4/7)
MOS - 116.11 (gapped 3 pts. above entry)
SID - 40.13 (triggered 4/7)
SII - 71.15 (triggered 4/7)
ICE - 151.11 (triggered 4/7)
UPL - 79.51 (triggered 4/7)
FMX - 44.12 (false triggered 4/7)
STT - 85.31 (false triggered 4/7)
AG - 66.35 (triggered 4/7)
QMAR - 24.26 (triggered 4/7)
BEN - 105.51

SHORT WATCHLIST AND TRIGGER PRICES (stocks consolidating at/near their 52-week lows in a tight range)
PTRY - 21.97
DLX - 19.09
FFIV - 17.89
FMD - 7.29
AET - 41.42

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):

unrealized P/L = + $762

unrealized P/L = + $639

unrealized P/L = + $536

unrealized P/L = + $505

unrealized P/L = + $39

unrealized P/L = ($38)

Closed positions (since last report):

net P/L = + $188

net P/L = ($68)

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

$77,340

Notes:

V long triggered.
Per intraday email alerts we:
- Sold half of V due to the lack of buying interest after the initial thrust up.
- Sold ITRI on the first bounce after an ugly failed breakout. Aggressive traders should not hold stocks that fail miserably at the breakout pivot. We'd rather take a small loss today and preserve our capital for future setups. Small losses and bigger gains is how we play the game.

Market Conditions / Gameplan:

Yesterday's session did very little to change our bullish outlook. Stocks that have run up more than 10-20% over the past week saw a little profit taking which is to be expected. We are looking to establish new long positions on breakouts or pullbacks from new highs.
Market Leaders:
- This rally is just starting out, but so far we like the action. Leading stocks are breaking out to new highs and new chart patterns/setups are emerging.
Open Position Detail:
- SIAL - We are closely monitoring SIAL and may decide to trail a very tight stop depending on today's reaction to yesterday's selloff.
- BRKR - Holding above the 20-day EMA, still range bound. No change in stop.
- ISRG - Ugly clossing action, but we must give this leading stock the benefit of the doubt. No change in stop.
- ITRI - Chopping around in a tight range. No change in stop.
- RRC - Pulled back to the hourly uptrend line. No change in stop.
- V - Not much buying interest after the intial surge up. No change in stop.
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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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