Zacks.com Announces That Tim Murray Highlights the Following Stocks: Annaly Mortgage, KVH Industries, and Sharper Image.

CHICAGO -- Tim Murray currently has a small stock position because he is not seeing many attractive charts in this stalled market. Learn how to navigate through this lethargic condition with Murray's market and stock analysis. Read about Annaly Mortgage (NYSE:NLY), KVH Industries (NASDAQ:KVHI), and Sharper Image (NASDAQ:SHRP). Tim Murray is editor of the Briar Patch Stock Market Letter. Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Here are the highlights from the Featured Expert column:

Briar Patch Stock Market Daily Update from August 24th

In lethargic trading the stock market went nowhere Tuesday. Unless there is some surprise, this trading pattern is likely to continue until after Labor Day.

Tim Murray's small stock position, three longs that represent 9.2% of the portfolio, is not because he is overly pessimistic at the moment. Murray is just not seeing stock charts that make him want to own them.

Murray's market position is that he thinks the market has stalled and is in the process of forming a sharper downtrend channel connecting the descending tops since the end of June. The pivot point on the S&P-500 is the 1,100 level. That also happens to be where the 200-day MA line is. The rollover from this point has not occurred but it seems likely to.

Annaly Mortgage (NYSE:NLY) - This has perked up since the first of August. Murray assumes this is because the outlook for somewhat stable interest rates has improved. If the company could get a little respect the 12% yield would attract yet more buyers.

KVH Industries (NASDAQ:KVHI) - The chart pattern over the last month has improved considerably and it is now showing signs of a bottom formation between $7.00 and $8.00. At some point, Murray would like to add to this position but the chart is not yet that encouraging.

Sharper Image (NASDAQ:SHRP) - One of the things that worries Murray about the overall market is the slowdown in sales at SHRP during the first two weeks of August. For the moment the stock has stabilized around the $17.50 area, but it is going to take a long time to build a base. Even at the reduced earnings expectations, the stock is fundamentally very cheap.

Get Tim Murray's market and stock analysis on a daily basis by clicking: http://at.zacks.com/?id=85

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