Eagles Nest

[damianoakley]

Folks, I'm not sure it is a good idea for me to continue to post individual stocks. Therefore I think I'll just post the groups. often forums judge a person based on the picks. I even stopped doing this on my blog. I would not want a beginner to buy into a pick I post and lose some hard earned cash. We all don't have anything to prove on a public chat forum. I personally had seen a bad habit that was forming in myself. This was the need to be right. This attitude is dangerous in the market place. I was not aware of this until I read something on my friends web site.. It simply just makes good sense to me..

Hi George,

I know what you mean about mentioning individual stocks.

You start feeling pressured about what stocks you highlight when you feel like the world is watching.

I will still look forward to your posts on the industry groups.


Thanks

Damian

 

[Eagles soar]

Weekly S&P tags upper channel signaling caution longs. Tighten stops to protect gains

 

[damianoakley]

Hi George,

After 3 straight record closes for the DOW, I think there's a possibility of some end-of-week profit-taking today.

I'll take a look at the futures later for some idea of direction.


Thanks


Damian

 

[Eagles soar]

I’m beginning to see commodity related groups starting to pop up. Many of these charts are looking pretty good as well. I plan on paying close attention this in the coming future. Here is a list of the groups showing percent increase in RSI over last 2 weeks. Not sure if this is a good thing for the broader markets. We shall soon see

 

[damianoakley]

Hi George,

I seem to be seeing strength in the Tech and Service broad sectors at the moment.



Thanks

Damian

 

[Eagles soar]

Steel and Metals and mining melted up today.

 

[damianoakley]

Techs took a dip today as well by the looks of things.

Another record close for the DOW - wonder how long this can go on for?


Thanks

Damian

 

[Eagles soar]

Damian, your guess is as good as mine. One thing is for certain as good things shall come to an end.

 

[damianoakley]

Time will tell, but none of my indicators are pointing to an almighty crash just yet.


Thanks

Damian

 

[Eagles soar]

I'm still bull in commodity stocks. Here are a few groups I think might offer short term upside gains...

Application Software (3)
Farm & Construction Machinery (3)
Residential Construction (3)
Cement (2)
Steel & Iron (3)
Gold (2)

 

[damianoakley]

Hi George,

Not spoken for a while !

I've noticed that Biotech companies are coming up on my list a lot - that sector seems quite strong at the moment. I bought OMRI recently at $24.80 and it's showed good strength.....now at just under $31.00


Thanks

Damian

 

[Eagles soar]

Hi George,

Not spoken for a while !

I've noticed that Biotech companies are coming up on my list a lot - that sector seems quite strong at the moment. I bought OMRI recently at $24.80 and it's showed good strength.....now at just under $31.00


Thanks

Damian

Damian, awesome job! I've been playing the metals (Gold) and Oil... I think the S&P needs to clear old highs and might be stalling out. I'm still Bullish in Commodities.. Best with your trades!!!
Geo