BarroMetrics Views: The Quantifiable Edges Guide to Fed Days
I am still trying to get back on track. Looks like it will take me till next week. I underestimated the demands on my time in post seminar activities and the backlog created by the seminar.
In today’s blog, I want to draw your attention to Rob Hanna’s new book “The Quantifiable Edges Guide To Fed Days“, priced at US$25.00 for an e-book and US$30.00 for the print copy.
Regular readers of this blog know that I subscribe to two ‘quant services’ of which I consider Rob’s to be the better. Now, I am a discretionary trader and my approach to trading is very different to Rob’s. That doesn’t prevent me from considering his research, especially when his views lead to a differing conclusion to mine. What I like about Rob’s work is the thoroughness that he approaches the subject. This attitude is exhibited in the book.
The book is split into five parts:
- Before the Fed Day
- Fed Day Performance
- Intraday Fed Day Performance
- Fed Day Gaps and Early Moves
- After Fed Day
What sort of research can you expect? Well for example, on Fed Day, Rob considers whether an upward or downward bias exists on Fed Day. He breaks the result during long-term uptrends and long-term downtrends. He also evaluates the performance based on:
- whether the Fed had raised or lowered rates.
- based on whether the S&P had an up or down before Fed Day.
- where the S&P closed the day before in respect of its range.
In my view, a book that deserves a place in S&P trader’s library.
As usual: I received no remuneration for the above recommendation. Rob did send me a copy of his e-book as a courtesy. I thought it good enough to tell him I’d buy a print copy as soon as one was available.