Trump’s tax plan news is coming out today 11/2/17. This economic data could drastically affect the movement of the market so be careful with your investments.
Today there is an expected announcement on the republican tax plan. President Trump is meeting with the House Ways and Means committee today at 1:45PM EST. It is an action-packed day for the president with this tax plan news amongst other economic data.
The presidents schedule:
|11:15 AM||President Schedule The President meets with Republican senators – minor economic impact, if any.|
|12:15 PM||President Schedule The President makes a jobs announcement – Minor economic impact, we have heard a lot about jobs the last 12 months…This announcement might be overshadowed by the Tax Plan announcement.|
|1:30 PM||Briefing Schedule Press Briefing with Press Secretary Sarah Sanders and National Security Advisor H. R. McMaster – minor economic impact.|
White House Briefing Room
|1:45 PM||President Schedule The President meets with House Republican leaders and Republican members of the House Ways and Means Committee – A big factor in this bullish market cycle is the Tax Reform optimism. Look for news, good or bad on this plan!|
|3:00 PM||President Schedule The President announces the nominee for Chair of the Board of Governors of the Federal Reserve System – Expect this to be a market moving event!! There will be open press, and possibly televised. We like watching Bloomberg TV for breaking economic news!|
It’s important to stay on top of breaking news & tax plan news throughout the day when trading the markets. I always have a Futures chart up while trading.
As a trader and investor, regardless of if you are a bull or a bear, or a little of both, you want to know which way the wind is blowing when trading stocks or looking for fresh entries on swing trades.
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TAX PLAN NEWS & ECONOMIC DATA
I keep an eye on the standard economic calendar as well, not just the president’s schedule & tax plan news updates. You can keep an eye on the economic calendar too by going to a site such as investing.com and checking out their calendar.
Busy economic data days are often more difficult for newer traders to trade in. That is why it is so important to learn the ins and outs of how economic data events and politics will affect the major markets. Forex, small caps, mid-caps, major ETF’S, they are all effected by these events!
TAX PLAN NEWS
Another thing to watch out for is Earnings Season. We are in the midst of companies reporting economic quarterly results. These have major implications for individual stocks and markets! We like to watch the ER calendar at Earnings Whispers.
Snapshot of Earnings Whispers:
Thanks for reading guys and always keep your head a swivel!
If you need help with technical analysis so you can trade these financial events and profit off of the volatility that comes along with them Don’t hesitate to reach out! We can help you in finding support and resistance, gap and go strategies, dip buying stocks, red to green move stocks, setting up your studies, and learning the criteria needed to be in place to enter a trade.
You can always check out our Youtube videos, and if that isn’t enough we offer affordable coaching sessions to help you accelerate your trading skills and build the discipline necessary to be consistent in the market.
Resource: Tax Plan News
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