Tomorrow’s FOMC Comments Will Move Gold

Tomorrow afternoon, the Federal Open Market Committee (FOMC) will conclude its two day meeting. At this time, the central bank is expected to cut the Fed Funds Rate by 25 basis points to 1.75% – 2.00%. Traders and investors should note that this rate cut is already factored into the market.…

Energy Stocks Pop, But The Trend Is Still Down, Here’s The Trade

This morning, all of the leading energy stocks are trading higher after an attack on an oil field in Saudi Arabia. Most leading energy stocks such as Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), ConocoPhillips (NYSE:COP), BP Plc (NYSE:BP) and others are all trading sharply higher today on the back of this news.…

Here’s The Next Major Gann Level For Slack (WORK)

Throughout my trading career I have been able to isolate a lot of tops and bottoms in the market. One of my primary tools for doing this has been by using the techniques from the legendary WD Gann. While I prefer to use conventional technical analysis along with Gann techniques sometimes when trading new issues there isn’t enough chart data to work with.