[GVI Forex 2]

US30 (DJIA) DAILY – Joining the record high party

Breakout above 53378 leaves little on top other than the round number 55K as a potential.

Expect a strong bid if trade is above 53378 with bids likely below it unless sub-52K trades.

[GVI Forex 2]

US30 (DJIA) DAILY: And the winner is?

Big winner today but still consolidating and would need to establish 52800-53000 as support to put the record 54371 high in play again.

On the downside, keeps a bid as long as support within 51-52K holds.

[GVI Forex 2]

US30 (DJIA) DAILY: Rotation

NAS100 down, US30 up suggests rotation.

[GVI Forex 2]

Market Update: Rotation: US500 (sp500) and NAS100 (NASDAQ) down, US30 (DJIA) Up

Dow rises more than 200 points to record, Nasdaq falls again as chipmaker

US500 and NAS100 supports holding (see prior post)

US500.                                      NAS100                                                    US30

[GVI Forex 2]

Market Updatre

US stocks trading firmer (only Russsell is down) as last week’s rotations (into DJIA and away from tech) take a breather. Moves so far seeing limited follow trhrough (see charts) with geopolitical uncertainty and month/quarter end looming.

mODEST UPTICK in  yields and crude oil non-factors in equities so far.

US500                                    NAS100                                           US30
\

[GVI Forex 2]

US PRE-MARKET MOVERS: Mag-7, HTZ, CBRS, FDX, GOOG, GME, TTWO, MU, Samsung Electronics
ES +0.2% NQ +0.5% RTY +0.2%

Mag 7: AAPL +0.8% NVDA +0.7% TSLA +0.6% GOOGL +0.5% META +0.1% AMZN -0.1% MSFT -0.6%
HTZ -20.5%: Files for offering of up to $100mln shares of common stock & disappointing guidance
CBRS -13.5%: Sees decline in GMs, overshadowing strong rev. growth
FDX -7.5%: Weaker-than-exp. profit guidance overshadowed stronger Q4 results & mgmts. positive comments on transformation efforts
GOOG +0.3%: To replace $VZ in the DJIA, effective BMO on June 29th
GME +0.8%: CEO Cohen will forgo potential $35bln performance pay package to focus on his bid to acquire EBAY
TTWO +3%: Pre-order of GTA 6 begins on June 25th
MU +3.5%: Ahead of earnings after-hours
Samsung Electronics plans a $58.61bln share buyback linked to employee stock bonuses
<p style=”text-align: center;”>Source: Try Newsquawk free for 7 days</p>

[Mtl JP]

DJIA  +483.11 now;
taking off some cream

[GVI News]

Feb 6 (Reuters) – Wall Street jumped on Friday and the Dow Jones Industrial Average hit a record 50,000 points, while Nvidia and other chipmakers soared and Amazon tumbled after the cloud heavyweight forecast a sharp increase in spending on AI infrastructure….

…Chip stocks rallied on expectations they would benefit from increased spending on AI data centers by Amazon and Alphabet….

US30 (DJIA) DAILY CHART

[GVI Forex 2]

DJIA breaks above 50K for the first time

[Mtl JP]

Market , imo, still rather blaze as not one is more than 2% off on the day
–
DJIA -1.18%

S&P 500 -1.20%

Nasdaq -1.55%

Russell 2000 -1.91%

[GVI Forex 2]

2026 Global Markets Scorecard

Consensus forecasts to start 2026 were calling for firmer US stocks, firmer Gold, a weaker dollar, most notably vs the JPY based on divergent monetary policies between the BoJ and the Fed, and a dollar and sharply higher Bitcoin,

Scorecard after the first full week of trading (focus in 2nd week will be on whether momentum builds further):

• US stocks (up): DJIA and US500 setting record highs while NAS100trying to play catch up.
• Gold: Closed the week at 4500, putting the record 4549 high on the radar.
• US dollar: Confounding the consensus by ending the week on a firm note.
• Bitcoin: Disappointing start after not able to sustain a breakout from its congestion range.

Test now comes in the second week where SCOTUS will issue its ruling on the legality of tariffs on Wednesday. In addition, Trump’s choice of a new Fed Chair can be announced at any time (perfect for a distraction).

USDX (US DOLLAR INDEX) DAILY CHART

[GVI Forex 2]

NAS100 (NASDAQ) UPDATE

• Still lagging behind US500 and DJIA setting new record highs and hoping to play catchup with the NAS100 record peak still intact at 26274,
• Blocking the way are 25714 and 25842.
• Keeps a bid focused on these levels as long as trade is above 25335.

NAS100 4 HOUR CHART

[GVI Forex 2]

US30 (DJIA) UPDATE

• Surge to record close, record high puts it in unchartered territory.
• Keeps a bid while above 48000 with 50000 an inviting target while above it
• Below 58000 would only cool, not negate the risk.

US30 DAILY CHART

 

[GVI News]

TGIF

Stocks have stopped the bleeding but not going far enough to signal a reversal.

DJIA down, NAS100 and US500 up indicates whst is helping to fuel the moves.

About 2 more hours to the close

[ST London]

Merry go round trading

Bitcoin down
Gold up
Usd down
Nasdaq down, djia up to new record (rotatipn on tech valuation concerns)

[GVI Forex 2]

US30 (DJIA) UPDATE

• New record high (marginally) above 48000
• 48000 is one of those key big figure (round number) pivotal levels
• If solidly above it then talk will be for 50000
• If below, still keeps a bid as long as it trades above 47339

US30 4 HOUR CHART

[GVI Forex 2]

Trading tip: Testing strength of trend

• • The test of the strength of a trend is whether a retracement is followed by a new high (low) with the trend.
  • If not, then it gives a clue as well the other way (i.e. retracement or consolidation)
  • The same principle applies to intra-day trendS

Test of trend strength:

• • DJIA has passed with a new record high (ON CASH BUT NOT US30)
  • Jury is out on US500 and NAS100 as they rebound from the recent retracements

 

[GVI Forex 2]

NAS100 (NASDAQ) UPDATE

• Holding above 25358 to contain the downside but lagging others (SP500 back to ABOUT unchanged, DJIA up).
• Otherwise, no change… still short-term momentum down but contained, k..ey resistance still at 25783

NAS100 1 HOUR CHART

[GVI Forex 2]

What’s hot and what’s not?

Feels like a TGIF market

What’s hot?

Dollar fis up on the day but off highs

Gold is up but still consolidating

Crude oil is up

What’s not?

Currencies are weaker on the day vs. the USD but off the lows

Bonds are down (yields are up)

What’s hot/not?

Stocks are mixed: NASDAQ up, DJIA down, SP500 about flat

[GVI Forex 2]

What’s hot and what’s not?

What’s hot?

The dollar is mixed with winners (hot) and losers (cold) in a risk off market

Winners: CHF, JPY, EUR

GOLD is up

Bitcoin is up

US bonds are firmer (yields down)

What’s not?

Losers: GBP, AUD, NZD are weaker vs the USD

US stocks are down again (except DJIA)

Next focus: FOMC minutes

[GVI Forex 2]

What’s hot and what’s not?

What’s hot?

USD is firmer across-the-board… EURUSD has dipped back below 1.16, USDJPY testing 148

US bonds (yields down slightly but off earlier lows)

Bitcoin is up but off earlier high after spiking higher

What’s not?

All currencies other than the dollar

Gold is down sharply after failing to hold 3400

What’s Hot/Not?

US stocks mixed, NAS up, SP500 and DJIA down slightly

Will see if US CPI is hot or not on Tuesday.

[GVI Forex 2]

What’s Hot and What’s Not?

What’s Hot?

The dollar after reversing earlier weakness (but EURUSD holding above support)

What’s not?

Any currency other than the USD

Gold is down

US bonds as yields continue to climb

What’s mixed?

US stocks: NAS100 up, DJIA down, SP500 up a touch

[GVI News]

Stocks

NAS down
DJIA up
S&P about flat

[GV News]

Nike Up Over 15%, Best Performer in the DJIA and S&P 500 SO Far Today

NIKE, Inc. Class B (NKE) is currently at $72.07, up $9.53 or 15.23%

·         Would be highest close since March 19, 2025, when it closed at $72.99

·         On pace for largest percent increase since June 25, 2021, when it rose 15.53%

·         Currently up five of the past six days

·         Currently up two consecutive days; up 18.47% over this period

·         Best two-day stretch since the two days ending March 25, 2020, when it rose 25.81%

·         Up 18.94% month-to-date; on pace for best month since Dec. 2000, when it rose 30.94%

·         Down 4.76% year-to-date

·         Down 59.4% from its all-time closing high of $177.51 on Nov. 5, 2021

·         Down 4.38% from 52 weeks ago (June 28, 2024), when it closed at $75.37

·         Down 19.42% from its 52-week closing high of $89.44 on Sept. 27, 2024

·         Up 35.29% from its 52-week closing low of $53.27 on April 8, 2025

·         Traded as high as $72.84; highest intraday level since March 20, 2025, when it hit $73.65

·         Up 16.47% at today’s intraday high; largest intraday percent increase since Dec. 17, 1999, when it rose as much as 21.47%

·         Best performer in the DJIA today

·         Best performer in the S&P 500 today

·         Second most active stock in the S&P 500 today

·         Contributed 58.58 points to the DJIA so far today

 

[GVI Forex 2]

US30 (DJIA)

Momentum: Up but stall below key resistance is glaring

Dependent on 42000-42056 holding to contain the downside

Below 41811 would be a death knell for the last leg up

US30 (DJIA) 4 HOUR CHART

[GVI Forex 2]

US bond yields up (10 yr 4.49%)

USD down

SP500 up

NAS up

DJIA down

[GVI Forex 2]

Stocks mixed… S&P upl, NAS up slightly, DJIA down 1%

[Belgrade Bobby]

DJIA1 Futures – Dow Jones

Support dating back to 2000. Lost…

32.000 & 28.500 next ones.

Everyone loosing…so who’s winning ?

[Mtl JP]

Stocks performance the day after start of liberation:
DJIA -3.98%
Nasdaq Comp -5.97
SNP 500 -4.84
Qtn to President Trump: Are you worried about the markets ?
Pres Trump: No. Everything is fine. Markets will come back up.

The Federal Reserve is not likely to rescue markets and economy from tariff turmoil anytime soon – Jeff Cox

Should the president hold fast to his tougher-than-expected trade policy, there’s a material risk of at least near-term costs. …/..

[Mtl JP]

New Month and New Quarter
–
First some base points from which markets will head into a new month and quarter
SPX 5 day -1.53%; 1m -6.27%; 3 m -6.53%; ytd -5.11%
DJIA 5 day -0.96%; 1m -5.15; 3m -3.28%; ytd -2.26%
Nazdaq 5 day-.25%; 1m -8.09%; 3m -12.16%; ytd -10.29%

Group-think pundits observe that Q1 bear sentiment is typically a seasonal phenom.
(As is, typically, positive for the DLR)

Partial-group think optimists speculate that next month “could” offer “an opportunity” for players.

Recent incoming data related to growth in economic activity has been rather dismal, referring to metrics that the FED claims matter to it.

Businesses and individuals, for their part, have been sending out smoke signal data indicating concern about future financial and economic growth prospects. Some portion of pundits are protracting that into increasing odds of coming Recession. But not all – i.e. no consensus on the matter.
There appears to be a softening amongst pundits about “soft landing” and increased itchings about potential of stagflation in various degrees of intensity.

On the topic of anchor, inflation and expectation:
University of Michigan: Inflation Expectation (MICH