Learn to Evaluate Spdr Dow Jones Reit (RWR) using the Charts

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Source: Stock Traders Daily

Longer Term Trading Plans for RWR
  • Buy RWR slightly over 91.34 target 99.57 stop loss @ 91.08 Details
  • The technical summary data tells us to buy RWR near 91.34 with an upside target of 99.57. This data also tells us to set a stop loss @ 91.08 to protect against excessive loss in case the stock begins to move against the trade. 91.34 is the first level of support below 94.31 , and by rule, any test of support is a buy signal. In this case, support 91.34 would be being tested, so a buy signal would exist.

  • Short RWR under 99.57, target 91.34, stop loss @ 99.86 Details
  • The technical summary data is suggesting a short of RWR as it gets near 99.57 with a downside target of 91.34. We should have a stop loss in place at 99.86though. 99.57 is the first level of resistance above 94.31, and by rule, any test of resistance is a short signal. In this case, if resistance 99.57 is being tested, so a short signal would exist.

Swing Trading Plans for RWR
  • Buy RWR slightly over 94.36, target 98.57, Stop Loss @ 94.09 Details
  • If 94.36 begins to break higher, the technical summary data tells us to buy RWR just slightly over 94.36, with an upside target of 98.57. The data also tells us to set a stop loss @ 94.09 in case the stock turns against the trade. 94.36 is the first level of resistance above 94.31, and by rule, any break above resistance is a buy signal. In this case, 94.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RWR near 94.36, target 91.34, Stop Loss @ 94.63. Details
  • The technical summary data is suggesting a short of RWR if it tests 94.36 with a downside target of 91.34. We should have a stop loss in place at 94.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 94.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for RWR
  • Buy RWR slightly over 94.36, target 98.57, Stop Loss @ 94.14 Details
  • If 94.36 begins to break higher, the technical summary data tells us to buy RWR just slightly over 94.36, with an upside target of 98.57. The data also tells us to set a stop loss @ 94.14 in case the stock turns against the trade. 94.36 is the first level of resistance above 94.31, and by rule, any break above resistance is a buy signal. In this case, 94.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RWR near 94.36, target 93.97, Stop Loss @ 94.58. Details
  • The technical summary data is suggesting a short of RWR if it tests 94.36 with a downside target of 93.97. We should have a stop loss in place at 94.58 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 94.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

RWR Ratings for September 19:

Term → Near Mid Long
Rating Weak Weak Weak
P1 0 0 91.34
P2 92.36 94.36 99.57
P3 93.97 98.57 107.70

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Evitar Corte monitors the FOMC for Market Crash signals:

Fundamental Charts for RWR: