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
The best looking setups on the long side from tech are RIMM, BIDU, and AAPL, as well as solar stocks SOL and CSIQ. FSLR may be buyable for a pop above the downtrend line around 251. The best long setups in commodity related areas belong to agriculture stocks POT, AGU, CF, MOS, and MON, as they are just breaking out from decent basing action. 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.)
Pullback entries - (2-5 day pullback in a strong uptrend or pullback to the 20 & 50-day MA's)
New setups
---------------------------------
Breakout entries (from cup and handles, bull flags, flat bases,and downtrends)
New setups
---------------------------------
SHORT WATCHLIST AND TRIGGER PRICES
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):
AMX short (125 shares from June 9) -
Closed positions (since last report):
sold short 55.33, stop 57.83,
target 49.25, unrealized points = + 0.04, unrealized P/L = + $4
LM short (125 shares from June 9) -
sold short 51.97, stop 55.21,
target new 52-wk lows, unrealized points = (0.50), unrealized P/L = ($64)
AEM long (100 shares from June 9) -
Current equity exposure ($200,000 max. buying power):
bought 71.35, sold 67.35,
points = (4.00) net P/L = ($402)
$13,413
Notes:
Market Conditions / Gameplan:
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 - 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
Notes on leaders:
No virus found in this incoming message.
Checked by
AVG.
Version: 7.5.524 / Virus Database: 269.23.21 - Release Date: 5/19/2008
12:00 AM