Posted by steverobin on 1st of Feb 2023 at 01:58 pm
Drum roll in several minutes. What Jay Pow says is more
important than the announcement. Hard to see it being bullish for
the market but will trade it as I see it.
Posted by DigiNomad on 1st of Feb 2023 at 02:00 pm
The last couple of Fed days I meant to post "watch out for the
head fake - initial move is usually a trick" but didn't get around
to it. It seems like it has played out that way pretty consistently
for quite a while now (I've been meaning to study the action on Fed
days but haven't gotten around to that either).
Posted by DigiNomad on 1st of Feb 2023 at 02:44 pm
If my memory serves me correctly, when the market has rallied
into the close on Fed days in the recent past, the next day can be
a bloodbath. I remember at least one occasion where the market was
down 4+% the day after the Fed, even though it closed higher on the
Fed day.
Drum roll in several minutes.
Posted by steverobin on 1st of Feb 2023 at 01:58 pm
Drum roll in several minutes. What Jay Pow says is more important than the announcement. Hard to see it being bullish for the market but will trade it as I see it.
The last couple of Fed
Posted by DigiNomad on 1st of Feb 2023 at 02:00 pm
The last couple of Fed days I meant to post "watch out for the head fake - initial move is usually a trick" but didn't get around to it. It seems like it has played out that way pretty consistently for quite a while now (I've been meaning to study the action on Fed days but haven't gotten around to that either).
And the head fake tends
Posted by fredsaid on 1st of Feb 2023 at 02:42 pm
And the head fake tends to last a little longer like 30 mins... market headed back up. Hope we get 3rd entry on system short.
If my memory serves me
Posted by DigiNomad on 1st of Feb 2023 at 02:44 pm
If my memory serves me correctly, when the market has rallied into the close on Fed days in the recent past, the next day can be a bloodbath. I remember at least one occasion where the market was down 4+% the day after the Fed, even though it closed higher on the Fed day.
Sounds like a plan...hope the
Posted by fredsaid on 1st of Feb 2023 at 02:48 pm
Sounds like a plan...hope the rally holds into close.
I hope not, I'm losing
Posted by icecoldjones on 1st of Feb 2023 at 03:08 pm
I hope not, I'm losing my ass...
That initial headfake played out
Posted by DigiNomad on 1st of Feb 2023 at 02:09 pm
That initial headfake played out again. The next reversal typically comes during the presser.
Is it at 2 pm
Posted by bpozdoll1717 on 1st of Feb 2023 at 02:00 pm
Is it at 2 pm or 230 pm est?
Rate decision is released at
Posted by 24kau on 1st of Feb 2023 at 02:02 pm
Rate decision is released at 2 but Powell's press conference begins at 2:30