Dow Jones Index (US30) news

The US Wall Street 30 (US30) reflects price movements across a basket of major US blue-chip companies and is closely watched by traders and investors as a gauge of US equity sentiment.

Rotation out of AI and into value the name of last week’s game helping keep the Dow’s technicals positive, while in sentiment retail traders briefly flirt with majority short bias.

Last week was mostly a story of recovery shaking off a couple key negative factors, but it’s about to get more interesting with more earnings this week.

It’s breached 6,700 shrugging off the shutdown and keeping the technicals bullish, and in sentiment clients remain majority long.

Recent record high as kept its technicals bullish in both time frames, but on the CoT sentiment front there’s been a notable increase in net short bias.

The technical overview remains unchanged in both daily and weekly time frames, while in sentiment CoT speculators raised their net sell bias.

Futures take a small dip and CoT speculators remain net sell, but there’s no denying what has been more positive technical bias.

The value of the key US equity index lagged last week against those with heavier tech weightings, but its technical overview remains bullish and still a story of net long bias for CoT speculators.