Day-Trading Scenarios for Jan 09, 2026

After the one day setback, market resumed buying interest.

The job situation is getting weaker, scaring some players who have heightened earnings forecast.

We did well on the long after jobs report, but be cautious.

Next good buying level is 49440. Resistance stands at 49695.

December nonfarm payrolls came in at 50,000 (below the 73,000 estimate), which could reinforce expectations for Federal Reserve rate stability or even cuts if labor softening persists—boosting equities by keeping borrowing costs low.

Broader earnings growth is forecasted at 10-15% for the Dow components this year, driven by fiscal stimulus, corporate tax reductions (potentially $129 billion through 2027), and operating leverage. Sector rotation favors Dow-heavy areas like industrials, materials, and defense (up sharply amid U.S. military actions in Venezuela and increased spending pledges), while tech lags.

However, headwinds include a 35% recession probability, sticky inflation, crowded bull positioning, and policy uncertainties like tariffs (awaiting a Supreme Court ruling today) and fiscal expansion that could push yields higher.

Employment Situation

 8:30 AM ET

Housing Starts and Permits

 8:30 AM ET

Housing Starts and Permits

 8:30 AM ET

Consumer Sentiment

 10:00 AM ET

Neel Kashkari Speaks

 10:00 AM ET

Tom Barkin Speaks

 1:35 PM ET

<<<<<<<<<<<<<<<<<<<<<<<<<<<

DATE: 1/9/2026

TIME: 9:23 AM

HIGH: 49603

LOW: 49001

CLOSE: 49493

PIVOT: 49366

SUPPORT: 49357

RESISTANCE: 50001

SWING MAGNITUDE: 215

TIME OF COMMENT: 9:23 AM

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