U.S. employers added 304,000 (net) jobs in January – the 100th straight month of employment gain. It is also the biggest monthly job gain since February 2018 (based on Bureau of Labor Statistics data). The average net addition to workforce for the last three months is now 241,000 jobs — which is an acceleration in job growth.
The leisure and hospitality sector, which hired 74,000 employees, led the job gains for the month. Construction and health care added 52,000 and 42,000 jobs respectively.
In January, average hourly earnings for all employees on private nonfarm payrolls increased by 3 cents to $27.56, following a 10-cent gain in December. Over the year, the earnings increased by 85 cents, or 3.2%
Unemployment rate, however, ticked up a bit to 4% in January, possibly due to the month-long government shutdown. But the shutdown did not seem to significantly affect job creation and wages.
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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 201 of 263 cases, the price declined further within the following month. The odds of a continued downward trend are 76%.
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.
SPY broke above its upper Bollinger Band on October 06, 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 SPY entered a downward trend on September 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.
The Momentum Indicator moved above the 0 level on September 21, 2026. You may want to consider a long position or call options on SPY as a result. In 65 of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 86%.
The Moving Average Convergence Divergence (MACD) for SPY just turned positive on October 02, 2026. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in 41 of 52 cases over the following month. The odds of a continued upward trend are 79%.
SPY moved above its 50-day moving average on September 17, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +1.23% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in 301 of 362 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Category LargeBlend