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Here’s a list of books to remind myself of what to read. Always take notes and treat investing like it is your job.

I Am Currently Reading:
Breakthroughs in Technical Analysis

by David Keller

Recommended Readings: (my top favorites are in bold)

* A Complete Guide to Technical Trading Tactics by John L. Person
* A Short Course in Technical Trading by Perry J. Kaufman
* Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein
* Beating the Street by Peter Lynch and John Rothchild
* Blink: The Power of Thinking Without Thinking by Malcolm Gladwell
* Bollinger on Bollinger Bands by John A. Bollinger
* China Shakes the World: A Titan’s Rise and Troubled Future by James Kynge
* Common Stocks and Uncommon Profits by Philip A. Fisher
* Contrarian Investment Strategies in the Next Generation by David Dreman
* Creating Wealth: Retire in Ten Years by Robert G. Allen
* Dave Landry on Swing Trading by Dave Landry
* Encyclopedia of Chart Patterns by Thomas Bulkowski
* Enhancing Trader Performance by Brett N. Steenbarger
* Entries and Exits: Visits to 16 Trading Rooms by Dr. Alexander Elder
* Evidence-Based Technical Analysis by David R. Aronson
* Financial Fine Print: Uncovering a Company’s True Value by Michelle Leder
* Financial Freedom Through Electronic Day Trading by Van K. Tharp
* Financial Shenanigans: Detect Accounting Gimmicks & Fraud by Howard M. Schilit
* Fire Your Stock Analyst by Harry Domash
* Fooled by Randomness: The Hidden Role of Chance by Nassim Nicholas Taleb
* Fortune’s Formula by William Poundstone
* Four Steps to Trading Success by John F. Clayburg
* Getting Started in Chart Patterns by Thomas Bulkowski
* Getting Things Done by David Allen
* Good to Great: Why Some Companies Make the Leap and Others Don’t by Jim Collins
* Hedge Fund Masters by Ari Kiev
* Hedgehogging by Barton Biggs
* High Probability Trading by Marcel Link
* Hot Commodities by Jim Rogers
* How Charts Can Help You in the Stock Market by William L. Jiler
* How I Made 2,000,000 in the Stock Market by Nicolas Darvas
* How to Buy Stocks by Louis Engel
* Inside the House of Money by Steven Drobny
* Intermarket Analysis: Profiting from Global Market Relationships by John J. Murphy
* Investing with Exchange-Traded Funds Made Easy by Marvin Appel
* It’s When You Sell That Counts by Donald L. Cassidy
* Japanese Candlestick Charting Techniques by Steve Nison
* John Neff on Investing by John Neff
* Liar’s Poker: Rising Through the Wreckage on Wall Street by Michael Lewis
* Market Wizards by Jack D. Schwager
* Mastering the Trade by John F. Carter
* Methods of a Wall Street Master by Vic Sperandeo
* Millionaire Traders by Kathy Lien
* New Market Timing Techniques by Thomas R. DeMark
* Now, Discover Your Strengths by Marcus Buckingham
* Option Volatility & Pricing: Advanced Trading Strategies by Sheldon Natenberg
* Options for the Stock Investor by James B. Bittman
* Options, Futures and Other Derivatives by John C. Hull
* Pit Bull: Lessons from Wall Street’s Champion Day Trader by Martin Schwartz
* Pivot: How One Simple Turn in Attitude Can Lead to Success by Alan R. Zimmerman
* Professional Stock Trading: System Design and Automation by Mark R. Conway
* Reminiscences of a Stock Operator by Edwin Lefevre
* Rule #1: The Simple Strategy for Successful Investing by Phil Town
* Screening the Market by Marc H. Gerstein
* Secrets For Profiting in Bull and Bear Markets by Stan Weinstein
* Stock Market Primer by Claude N. Rosenberg
* Studies in Tape Reading by Rollo Tape
* Sun Tzu on Investing by Curtis Montgomery
* Technical Analysis Explained by Martin Pring
* Technical Analysis of Stock Trends by Edwards and Magee
* The Art of Low Risk Investing by Michael Zahorchak
* The Dick Davis Dividend by Dick Davis
* The Disciplined Trader by Mark Douglas
* The Essays of Warren Buffett : Lessons for Corporate America by Warren E. Buffett
* The Four Pillars of Investing by William J. Bernstein
* The Future for Investors by Jeremy Siegel
* The Global-Investor Book of Investing Rules by Philip Jenks and Stephen Eckett
* The Inner Game of Tennis by W. Timothy Gallwey
* The Intelligent Investor by Benjamin Graham & Jason Zweig
* The Master Swing Trader by Alan S. Farley
* The Maui Millionaires by Diane Kennedy and David Finkel
* The Millionaire Next Door by Thomas J. Stanley
* The Misbehavior of Markets by Benoit Mandelbrot and Richard L. Hudson
* The Neatest Little Guide to Stock Market Investing by Jason Kelly
* The New Market Wizards by Jack D. Schwager
* The New Money Masters by John Train
* The New Science of Technical Analysis by Thomas R. Demark
* The New Trader’s Tax Solution by Ted Tesser
* The Only Investment Guide You’ll Ever Need by Andrew Tobias
* The Psychology of Trading: Tools and Techniques by Brett N. Steenbarger
* The Secrets of Economic Indicators by Bernard Baumohl
* The Single Best Investment: Creating Wealth with Dividend Growth by Lowell Miller
* The Stock Market Jungle by Michale Panzner
* The Stock Trader’s Almanac 2007 by Yale Hirsch
* The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey
* The Vital Few vs. the Trivial Many by George Muzea
* Timing the Market: Using the Yield Curve, TA, and Cultural Indicators by Deborah Weir
* Trade Stocks & Commodities by Larry Williams
* Trade Your Way to Financial Freedom by Van K. Tharp
* Trader Vic II–Principles of Professional Speculation by Victor Sperandeo
* Trading Classic Chart Patterns by Thomas Bulkowski
* Trading for a Living by Alexander Elder
* Trading in the Zone: Master the Market with Confidence by Mark Douglas
* Trading Rules by William F. Eng
* Trend Following by Michael W. Covel
* Trend Trading: Timing Market Tides by Kedrick Brown
* Ugly Americans by Ben Mezrich
* Unconventional Success by David F. Swensen
* Understanding Options by Michael Sincere
* Way of The Turtle by Curtis M. Faith
* Way of Warrior Trader by Richard D. McCall
* When to Sell by Justin Mamis and Robert Mamis
* Winning on Wall Street by Martin Zweig
* Yes, You Can Time The Market by Ben Stein

Look no further than Chindia, 2 economic powerhouses, both with explosive growth. Expect it for the next 10 yrs while the DOW and NYSE cannot sustain even half that amount. With a potential recession around the corner and a falling dollar, the economy of the US will remain flat. This will not translate well into thriving stock exchange. However, this does not mean all sectors of the US will fail to disappoint.

Technology is still in the upswing as Oracle, Cisco, Apple, Rimm, Google continue their dominance in the marketplace. Agriculture is also strong with commodity prices being pressured upward as energy costs continue to escalate. Look for companies to Mosanto to keep delivering excellent numbers. Another industry that may not be thought of much is shipping. Buffet has invested heavily into into BNI (Burlington Northern), a railroad company shipping between the East and West. Don’t forget RIG and DRYS as they continue to move shipments around. NOV, an oil play on the discovery of oil should be checked as well as they focus on the dominance of their drilling rentals.

Financials, you might think may have bottomed or have begun to bottom out. But the worst may be yet to come. Trying to catch the bottom of an industry is very difficult. Although the industry as of this writing is completely oversold, 24% on the BPI index, it is still risky. Homebuilders are in the same category and should be bought with very careful deliberation. The government may bail out the financial banks, but they will not be bailing out the homebuilders. Buy best of breed in the hottest sectors and avoid the fallout of what could be a challenging 2008.