The short term investing stock picks blog

It’s hard to like a whole helluva lot, but here are some stocks that I feel can outperform in the near and long term.  Still on the sidelines with this portfolio, really though market for this type of shorter term trading.

Bank of America (BAC)
Garmin Ltd (GRMN)
Zimmer Holdings, Inc (ZMH)
Exxon Mobil (XOM)

Also, I am still waiting, but waiting hungrily, for the infrastuctures where I think you can get a big time bargain on Fluor Corporation (FLR), Chicago Bridge and Iron (CBI), and Jacobs Engineering Group (JEC).

Stay safe!

I am always surprised to hear so many people proclaim their love for P&F charts.  Not that I think that it is a bad method, it’s just for the amount of proselytizing emails I get on them, you’d think they were some form of talisman that everyone uses.  Anyway, what never ceases to amaze me is how difficult it is for some users to analyze the market indices the same way they analyze individual stocks. 

Take for example, (given with permission) of a reader who sent me a variety of stocks he was bullish on because of their P&F charts.  I proceeded to ask him, if he was also bullish on the market in general, "well of course," he said.  I then offered a P&F chart of the Dow Industrial Average, which shows a double bottom break down on August 9.  What flummoxed us both was that he found it very difficult to wrap his head around the market version of the same chart he loves for individual stocks.  This is an interesting phenomena that I am sure is not an isolated instance.  I am wondering if there is any research on various charting methods (candlestick, P&F, etf) that isolate the market indices from a psychological and relative performance basis.