Dow Jones

Key insight

51,693 extends above the 51,000 round-number breakout zone; next meaningful resistance sits at the 52,500 prior swing high. Momentum is intact while price holds the 50-day MA at 50,800.

51,693 holds above the 50-day MA near 50,800 with broad US equity breadth positive — S&P +0.6%, Nasdaq +0.5% confirming the advance. Gold at 4,121 and Oil at 90.5 add reflation support.

Main risk

10-Year Treasury Yield Spike

Yield surge above 4.80% has historically pressured Dow P/E multiples; watch for a catalyst from upcoming CPI or Fed commentary.