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  • Tuesday, August 09, 2005

    Fed Day Today / FOMC Policy Announcement

    Fed meets at 2:15 today.(Policy announcement,expected .25 basis point rise in rates)
    Productivity rose at a slower pace
    Wholesale Inventories due at 10:00am

    I don't expect to see much action today. Some traders are choosing not to trade today.That's not a bad idea, considering Fed day is usually uneventful leading up to the announcement and very volatile right after the announcement. If you are going to trade today do it with caution. I make it a rule not to trade 15 minutes before and 15 minutes after the announcement at 2:15.
    Trade at your own risk.


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