It has been a while but H.A.S. is back! Work has kept me busy on the weekdays and as for the weekends..well you have to have fun on the weekends, right? Now that training and my test is done I will be posting more regularly…but seriously?…53, 803 comments in moderation since I was gone?! LOL, anyways, I haven’t been following the markets as much as I should be but I see that things are becoming more bullish as the days pass.

Here’s a chart of the S&P 500 after Friday’s action:

As you can tell, the S&P is in a consolidation pattern. It’s taking a breather before another move to the up or downside. An upward move is more likely though…take a look at these two candlesticks…which candlestick pattern did we get on Friday?

If your answer is “hammer” than you are absolutely correct! This is a reversal pattern that is often seen in a downtrend - it indicates that a bullish move is in the making. On Friday, we headed towards support at 850 and shot right back up!! I can’t say we’re out of a bear market just yet (it would be wrong to say so seeing as the path of least resistance is still down) but there is a lot of indecision in the markets, this indecision and further consolidation could result in a true reversal.

Note: I’m out of all my shorts, I am long ABX, su.to, V, & SBUX. 

That’s all I have for today, but I’d like to make a special thanks for all those who are still following H.A.S.  A stumbled upon this blog review that was done many months back, thought I’d share it with you all…

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Hedge Against Speculation is a market advice blog written by Richard.

What is this blog about?

I couldn’t sum up the theme of this blog better than the blog itself so:

The goal of this blog is to help traders become responsible traders. Hence the title “Hedge Against Speculation”. Don`t take unnecessary risks in the market, use the information we provide you to hedge yourself against any risk in the markets. If you`re unsure as to where the markets are heading, don`t guess. Engaging in a course of reasoning based on inconclusive evidence are for amateurs, be a responsible trader and wait for opportunities. I don`t want to see any of my readers lose money in the markets

-Hedge Against Speculation

Content:

I read the first few posts of this blog and to be honest, to me they don’t make sense to someone like me who has no interest in markets or investing. Nonetheless, I can see that the posts are useful and full of meaningful content. The inclusion of graphs show that time is being spent in preparing the content of this blog for this full credit must go to the writers. The Offers and Contest sections of the blog are definately worth checking out.

Layout:

This blog has a personalized theme which fits in well. The header is excellent in my opinion and the advertisements fit in well and are un-obtrusive. However the best feature for me are the images after every post:

These provide a nice touch to the blog.

Overall, an excellent blog. The fact that it gets 6000 page views per month is no joke and is testiment to the quality of the posting on this site. So, all that’s left for me to say is, check it out!!!!

This entry was posted on April 29, 2008 at 6:15 pm and is filed under Blogging, Reviews: Websites/Blogs. Tagged: blog, marketing, review. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.