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Suspend trading until after December FOMC meeting

QuestionsCategory: QuestionsSuspend trading until after December FOMC meeting
tjbrune asked 2 years ago
Hi Pat, I would like to hear your opinion about suspending trading until after this December's FOMC meeting ? Although SPY/DIA seems to be trending nicely, still I found my trades having a lot of breakout failures. Although my results in October were good (when indexes rebound), November wasn't a good month for me and I gave it all back. I guess market still moves cautiously and wants to wait out all the economic reports. Couple days before such report, it seems to me breakouts fail the most (as there is not much action). My overall thinking is, market especially waits for the FOMC meeting to have more clarity about making a bigger move upwards/downwards. Therefore my question on your opinion. As always many thanks for your feedback and guidance. Best Regards, TJ 
1 Answers
Avatar photoOwen Staff answered 2 years ago

Hi TJ,
Pat made this video for you...