The MTG Stalk Sheet
June 9, 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 today, as the market has been too whippy to aggressively enter new positions lately. When market volatility is high it is much easier to enter positions via alert once the intraday action settles down. As always, we will promptly send an intraday alert if any new trades are made.

"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

MICC - buy pullback to 111-112 (lows of range)- reduce position size
RIMM - buy pullback to 127-128 (lows of range)- reduce position size
MA - buy pullback to 288-289 (20-day EMA & lows of range)- reduce position size

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

New setups
Will list setups as they develop

SHORT WATCHLIST AND TRIGGER PRICES
LM - 51.95
AMP - 45.17
BCSI - 18.16
BDX - 81.95

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 = + $150

unrealized P/L = ($320)

Closed positions (since last report):

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

$13,440

Notes:

Per intraday email alert, we re-entered OMG to gain exposure on the short side.

Market Conditions / Gameplan:

Friday's monster reversal erased all of Thursday's bullish session and more. Though we were looking to establish new longs this week, it's never a good idea to fight the market action. We will look to establish new short positions and possibly enter one or two longs with small size in stronger stocks that are pulling back to support.

Market Leaders

Leaders - SQM PVA CLR ANR ENER CRK MEE WLL FMC CMP COG BUCY PXD CLF USO FDG JRCC EAC SCHN EAC MMR MT WLT X MA UNP V

Leading/strong stocks at/near the 50-day MA

(a key institutional support level) - ILMN DVN RIMM PH APA

Leading/strong stocks breaking the 50-day (last week) - CAT RIG GNK VIP

Open Position Detail:

SOL - Sold off into the close with the market.

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Please check out the MTG Stalk Sheet Subscriber Guide to learn how to get the most from your subscription.

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

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