I just wanted to thank everyone for what apparently is a lot of interest in my latest book, High Probability Trade Set-Ups. The Amazon rank jumped from 97,000th place to 3,752. Hey, for a book this niche-y, that isn't bad!
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Fed Announcement Today (by Springheel Jack)
The trading day today is likely to be dominated by the wait for, and then the reaction to, the Fed announcement at 2.15pm, so it may well be that news will trump the charts today, but that said, there are real signs of weakness here. On the ES 60min chart the rising channel from the low confirmed with third and fourth touches of the support trendline overnight before breaking down:
Autozone Valuation (by FocalEquity)
(You can download the ENTIRE stock model for this week for free at FocalEquity.com. Note: Includes top 50 longs and top 50 shorts).
AutoZone, Inc. (NYSE: AZO): currently ranks 3,061 out of 3,514, towards the bottom 15% of the stock universe. Trend wise, the stock has maintained a healthy rise. However, valuation wise, it is getting more and more expensive. We expect some kind of a pull back in this stock soon.
