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CHART OF THE DAY: FED DAY PERFORMANCE

23 September 2009 by Cullen Roche 1 Comment

From Quantifiable Edges:

Below is a long term chart of market performance on scheduled Fed days. I didn’t include non-scheduled meetings. Those are generally surprise rate cuts that are aimed at boosting the market. They’re inherently bullish yet unpredictable since the meetings aren’t scheduled. Therefore there is no point in including them in this study.

(click chart to enlarge)

2009-9-23 png

Over the last 27 years there’s been a persistent upside edge. The average Fed day has ourperformed the average day by about 7.5 times.

Excellent data.

Source: Quantifiable Edges Blog

Cullen Roche

Cullen Roche

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Comments
  • teomax

    not exactly according script.
    I will add my rule for FOMC day, which saved my ass a bit today, the first move after FED annoucment is usually wrong.
    but got burned with this rule already too, lol
    sometimes to have Quantifiable Edges doesnt help :-)
    but market usually goes up into the FOMC annoucement

    09/23/2009 at 1:22 PM