The holiday weekend technically begins after the bell at the end of the day. Traditionally though volume will become thinner towards the end of the day. Your best trading time is likely in the morning session. That does not mean that trading will stop. News of a Debt ceiling deal late in the day could significantly shake up the market. Low volume in the closing hours could also mean aggressive market movement. Typically, in a holiday trading environment it is difficult to get a moving going because there is not enough volume. However, if the move does get going then it becomes difficult to stop, for the very same reason.
Next week it is only US markets that are closed on Monday. The rest of the world will continue to trade. US Futures markets will open Sunday night for Tuesday's trade date, and will be traded until a noon halt on Monday. Trading resumes Monday night.
Over 70% of stocks track with the S&P 500 Futures
Major Events:
May 30 Consumer Confidence
May 31 JOLTS Job Openings
June 1 ADP Employment
June 1 ISM Manufacturing PMI
June 2 Employment Reports
Key Numbers Opens: Above or Below
4190.00 is the open of the Month
4189.00 is the open of the Week
4157.00 is the open
4127.00 is the open of the 2nd Quarter
3895.00 is the open of 2023
What's Hot and Not!
Debt Ceiling
It is the market's new hot potato. Will a deal get done? When will a deal get done? Will a done deal be able to fly through the legislative process? Every step along the way opens up more questions. The headlines are likely to be dramatic, but it is the end results that matter. The clock is ticking in front of the long weekend.
Past performance is not indicative of future results. Futures trading involves substantial financial risk.
Please consult your personal financial advisor before using this information for your own trading purposes.
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