Market Analysis Summary - January 9, 2026

The article provides an analysis of the US stock markets following the release of employment data for December 2025. The key points discussed include:

Market Overview

The US stock markets experienced volatility during early trading on Friday, January 9, 2026. The job numbers released indicated that the US added 50,000 jobs in December, which was below the expected 65,000. This figure is seen as a steady indicator, suggesting that the Federal Reserve is likely to maintain its course for a rate cut in February.

Technical Analysis

Nasdaq 100

The Nasdaq 100 showed significant fluctuations as traders reacted to the job numbers. The current analysis suggests that short-term pullbacks present buying opportunities, with the 50-day Exponential Moving Average (EMA) at 25,267 acting as a potential support level. A resistance level is identified at 26,000, and a breakthrough above this could signal further upward movement.

Dow Jones 30

The Dow Jones 30 also displayed a back-and-forth trading pattern. The analysis indicates a consolidation phase before a potential rally, with a target of reaching the 50,000 level over time. Short-term pullbacks down to the 48,000 level are viewed as buying opportunities.

S&P 500

The S&P 500 has been characterized by choppy trading but shows signs of wanting to move higher. The analysis suggests a possible upward movement towards the 7,000 level, with dips down to 6,800 being seen as valuable buying opportunities. The market behavior on Non-Farm Payroll days is typically noisy, and the current trends do not indicate a change in direction.

Conclusion

Overall, the article emphasizes a cautious yet optimistic outlook for the US indices, with traders encouraged to look for buying opportunities during pullbacks. The employment data, while slightly below expectations, does not appear to disrupt the overall market trend.

Author Information

The analysis is authored by Christopher Lewis, a proprietary trader with over 20 years of experience in various markets, including currencies, indices, and commodities. He provides insights to help readers navigate the financial landscape effectively.