DJIA x $5 (CBOT)
Dow Jones 30 positioning
Price series: Dow Jones Industrial Average · positions as of Tuesday Jul 28, 2026, published Friday Jul 31, 2026
Price and positioning are rising together: the trend is well supported.
price +3.2% · asset managers net position +5,270 (contracts, over 8 weekly reports)
Price vs positioning (contracts)
Price on top, and what the big traders were holding underneath it.
COT Index
0–100 · vs last 3 yearsHow extreme today's positioning is compared with this group's own history.
Each group's current net position, rescaled 0–100 against its own high and low over the selected lookback. 0 = most bearish it has been in that window, 100 = most bullish. Unitless by design, so markets of very different sizes can be compared.
Near the most bullish this group has been in the window.
Near the most bearish this group has been in the window.
Middle of its own historical range — nothing stretched.
Middle of its own historical range — nothing stretched.
COT Index = ((Current − Min) / (Max − Min)) × 100, over the last 3 years
Gap & Gap Index
contracts · index 0–100How far apart two trader groups are right now.
Gap = group A's net position minus group B's, measured in contracts. The Gap Index rescales that difference 0–100 against its own last 3 years: 0 = the two groups as close together as they get, 100 = as far apart as they get.
The gap sits in its normal historical range — nothing stretched.
Left axis: gap in contracts (positive = Leveraged funds is more net long than Asset managers). Right axis: gap index, 0–100. Gap tracks Leveraged funds − Asset managers.
Latest week by category
What each trader group was holding in the most recent report.
Positions as of Tuesday Jul 28, 2026, published Friday Jul 31, 2026, compared with the prior weekly report. Positive net = net long; negative net = net short. COT index is measured over the last 3 years.
| Category | Long (contracts) | Short (contracts) | Net (contracts) | Weekly change (contracts) | COT index (0–100, 3y) |
|---|---|---|---|---|---|
| Non-commercial (large specs) | 25,463 | 9,124 | 16,339 | +2,412 | 87 |
| Commercial (hedgers) | 40,661 | 63,362 | -22,701 | -1,097 | 5 |
| Asset managers | 15,201 | 9,036 | 6,165 | +1,174 | 53 |
| Leveraged funds | 11,725 | 12,919 | -1,194 | +2,257 | 53 |
Signal log — Asset managers
Every past signal in this market, and what price did afterwards.
Every rolling 8-week window classified as a bullish or bearish divergence, or as convergence where price and positioning agree. Price change is in percent; net change is in contracts.
Each row covers one stretch of weekly reports: the % is the price change over that stretch, the net figure is the change in the group's net position, in contracts.
- Convergence — healthy uptrendApr 21, 2026 → Jul 28, 2026price +6.6% · net position +443 contracts
- Bearish divergenceMar 17, 2026 → Jun 9, 2026price +12.3% · net position -4,628 contracts
- Convergence — healthy uptrendMar 3, 2026 → May 5, 2026price +4.4% · net position +4,723 contracts
- Convergence — healthy downtrendFeb 10, 2026 → Apr 7, 2026price -3.2% · net position -9,864 contracts
- Bullish divergenceFeb 3, 2026 → Mar 31, 2026price -7.2% · net position +1,840 contracts
- Convergence — healthy downtrendJan 27, 2026 → Mar 24, 2026price -7.6% · net position -2,974 contracts
- Bullish divergenceJan 20, 2026 → Mar 17, 2026price -7.2% · net position +3,578 contracts
- Convergence — healthy downtrendJan 6, 2026 → Mar 10, 2026price -6.0% · net position -11,434 contracts
- Bearish divergenceOct 28, 2025 → Feb 17, 2026price +4.3% · net position -12,777 contracts
- Convergence — healthy uptrendAug 26, 2025 → Dec 9, 2025price +6.4% · net position +7,861 contracts
- Bearish divergenceAug 5, 2025 → Sep 30, 2025price +5.8% · net position -1,823 contracts
- Convergence — healthy uptrendJul 29, 2025 → Sep 23, 2025price +6.1% · net position +1,665 contracts
Source: CFTC Commitments of Traders — positions as of Tuesday, published the following Friday. All position figures are futures contracts unless the % of open interest view is selected. Positioning is a sentiment tool, not a timing signal. Not investment advice.