US initial jobless claims falls from prior week, but still above 800,000
Initial jobless claims in the U.S. came in less than expected last week, based on data from Labor Department.
The number of first-time unemployment benefits claims was 803,000 in the week ended Dec. 19, compared to the 888,000 expected by economists polled by Dow Jones. The upwardly revised initial claims of the preceding week was 892,000 (the highest figure since early September).
Continuing jobless claims (seasonally adjusted)fell to a 5.3 million in the week ended Dec. 12, from 5.5 million a week earlier.
Earlier this week, Congress approved a $900 billion coronavirus economic stimulus package, which includes $300 weekly federal supplemental unemployment benefits, $600 direct payments to most individuals, and around $325 billion for small business aid, among other items.
SPY in -1.73% downward trend, falling for three consecutive days on February 05, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SPY declined for three days, in of 256 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Momentum Indicator moved below the 0 level on February 10, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SPY as a result. In of 70 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SPY turned negative on February 03, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
Bullish Trend Analysis
SPY moved above its 50-day moving average on February 06, 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.
The Aroon Indicator entered an Uptrend today. In of 451 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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