Independence Day Trading: Early Halts, Key Reports, and Celebratory Statistics - Support & Resistance Levels

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Independence Day Trading: Early Halts, Key Reports, and Celebratory Statistics

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Choppy, Exhilarating Market week, yet to come..

By John Thorpe, Senior Broker

Look for a quiet July 3rd trading morning due to an early trading halt in the stock indices, 12:15 Central time to be exact.

HOWEVER, the rest of the futures markets will be closing normal times.

After the equity market Halt in Wednesday, FOMC Minutes will be released @ 1:00p.m. Central. Watch the outside markets react, Currency’s, Interest Rates, Metals to get an Idea of how the equities will react when they re-open on the Eve of the 4th of July.

Friday at 7:30 a.m. central, the very meaningful, Non-Farm Payrolls will be released.

 

In celebration of America’s 248th birthday, our team decided to take a look at this holiday through the fascinating lens of numbers. As it Turns out, these figures paint a vivid picture of what makes the Fourth of July such an extraordinary celebration. With that in mind, we thought we would share what we found with you:

  • $9.5 billion – The estimated amount Americans spent on 4th of July food in 2023 — about $93.34 per person.
  • 150 million – The number of hot dogs consumed each 4th of July — enough to stretch from D.C. to L.A. more than five times. It’s also the number of American flags sold in the U.S. each year.
  • 2 million – The number of people who tuned in to watch 2023 Nathan’s Famous International Hot Dog Eating Contest champs Miki Sudo and Joey Chestnut consume approximately 102 hot dogs combined.
  • $3 billion – The estimated amount of dollars Americans spent on beer and wine for the Fourth of July in 2023. If you partake, just remember to enjoy responsibly!
  • $2.3 billion – The total U.S. consumers spent on fireworks in 2023.
  • 50.7 million – The number of people who traveled 50+ miles from home for the 4th of July, up 4% from 2022.

These numbers highlight how Americans like to go all out in our nationwide Independence Day celebrations!

d5843726-ab03-429d-928b-ddae6e4bc659 imagehttps://www.cannontrading.com/tools/support-resistance-levels/4th-of-july-2024-holiday-schedule-for-cme-exchange-hours/

 

 

 

 

Daily Levels for July 3rd, 2024

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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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