The US added +223k jobs, beating expectations
The U.S. economy added +223,000 new jobs in December, well ahead of the Street consensus forecast of +200,000. The Bureau for Labor Statistics (BLS) data revealed that the private sector added + 220,000.
November's job gain of was revised to +256,00 (vs. prior estimate of +263,000)
The BLS data also suggested that unemployment rate in December fell to 3.5%, the lowest since 1969. The labor force participation rate rose slightly from 62.2% to 62.3%. Average hourly earnings were up +4.6% year-over-year in December, albeit a smaller climb vs. 4.8% seen in November.
On Wednesday, BLS released the Job Openings and Labor Turnover Survey (JOLTS) data that showed strong labor demand with historically high 10.5 million job openings in the US in November, similar to October's figure. The preliminary layoff rate for November was 0.9%, near the historic low.
SPY's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Oscillator for SPY moved out of overbought territory on June 03, 2026. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 instances where the indicator moved out of the overbought zone. In of the 44 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SPY entered a downward trend on July 08, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on July 02, 2026. You may want to consider a long position or call options on SPY as a result. In of 72 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SPY just turned positive on July 06, 2026. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
SPY moved above its 50-day moving average on June 29, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 366 cases, the price rose further within the following month. The odds of a continued upward trend are .
SPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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