GET DAILY SIGNALSUS Employment Cost Growth At Record Highs
U.S. employment costs’ year-over-year increase in Q2 is its fastest in almost 10 years.
At 2.8%, the year-over-year growth in employment cost index, as released by the U.S. Labor Department, is the most since Q3 2008. Wages and salaries increased 2.8% year-over-year - again the fastest pace since Q3 2008. Benefits costs climbed 2.9%, the most since Q4 2011.
Demand for labor increased particularly in the manufacturing, construction and service-related industries. Employment costs for manufacturers rose 2.9%, while that for construction and private service providers went up by 3% and 2.9% respectively - on a year-over-year basis.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
ITB in upward trend: price rose above 50-day moving average on October 29, 2026
ITB moved above its 50-day moving average on October 29, 2026 date and that indicates a change from a downward trend to an upward trend. In 28 of 32 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 88%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 20, 2026. You may want to consider a long position or call options on ITB as a result. In 63 of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 85%.
The Moving Average Convergence Divergence (MACD) for ITB just turned positive on October 15, 2026. Looking at past instances where ITB's MACD turned positive, the stock continued to rise in 44 of 51 cases over the following month. The odds of a continued upward trend are 86%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 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 ITB declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 89%.
ITB broke above its upper Bollinger Band on October 22, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ITB entered a downward trend on October 21, 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.
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