The MTG Stalk Sheet
May 1, 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 for today. We are monitoring leading stocks for potential high quality pullback or breakout situations. We are also on the lookout for new leadership. If the market reverses from yesterday's ugly close we will look to grab one or two long positions via 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 pullback in a strong uptrend or pullbacks to the 20 & 50-day MA's)
New setups
- WFT - 81.55
- SLB - 101.65
- SU - 114.01
- LNN - pullback to 50-day MA (94-95)
- TBSI - 41.26
- IMCL - 47.26
-------------------------------
- DRYS - pullback to 78-79 area (establish small position/ add over the recent swing high)
- CBD - 43.26 (false trigger on the open 4/28)
- IVGN - 92.51 (triggered 4/28)
- SMS - 33.06 (triggered 4/28)
- CNX - 82.76 re-entry (triggered 4/28 at 82.01)
- ITRI - pullback to breakout pivot (99.00 - 100.00) (triigered 4/29)
- EXM - pullback to 39.50-40.50 area (establish small position/ add over the recent swing high) - triggered 4/29
- ILMN - 78.66 (triggered 4/30)
Breakout entries (from cup and handles, bull flags, flat bases,and downtrends)
New setups
- CAM - 50.65
- FLS - 125.60
-------------------------------
- SOL - pullback to 16-16.50, (small size add more over the higs)
- EMR - 54.12
- NUE - 76.15 (triggered 4/28)
- PRGO - 41.01 (triggered 4/28)
- UTHR - 89.26 (triggered 4/28)
- DSX - 31.26 (triggered 4/28)
- MELI - safe entry over highs at 53.70 (early entry triggered 4/28 at 52.86)
- BKE - 49.61 (triggered 4/30)
- Note: Check earnings before entering new positions over the next few weeks.
SHORT WATCHLIST AND TRIGGER
PRICES
New setups
- ISRG - short bounce to 289-290 or breakdown below 285.75
-------------------------------
- CMG - short bounce to 50-day MA (from 106.50 - 107.50)
- SCHL - 27.84
- UNH - 33.28 (triggered 4/29)
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):
Closed positions (since last report):
Current equity exposure ($200,000 max. buying power):
Notes:
Market Conditions / Gameplan:
- We are scanning for high quality pullback and breakout setups.
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). Keep a watchlist of these symbols up at all times and review the price action every night after the close. This list of leaders is updated every Monday.
Leaders -
AKS
ANR
APA
BUCY
CF
CLF
CLR
CMP
CSX
DVN
EOG
FDG
FSLR
HAL
HP
JRCC
LNN
MOS
MTL
POT
RRC
SID
SQM
STLD
SWN
USO
UNP
X
XEC
Strong stocks at/near the 50-day MA (a key institutional support level) - CBD, SIAL,
Leading stocks breaking the 50-day (last week) - AEM, GOLD, TRA
Notes on leaders:
Open Position Detail:
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.
Copyright © 2002 - 2007 -
Morpheus Trading, LLC
All Rights Reserved