Dow Jones 30 Industrials DJI Trading Advice

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Source: Stock Traders Daily

Longer Term Trading Plans for DJI
  • Buy DJI slightly slightly over 29651.24 target 31421.33 stop loss @ 29565.61 Details
  • The technical summary data tells us to buy DJI near 29651.24 with an upside target of 31421.33. This data also tells us to set a stop loss @ 29565.61 to protect against excessive loss in case the stock begins to move against the trade. 29651.24 is the first level of support below 30046.6 , and by rule, any test of support is a buy signal. In this case, support 29651.24 would be being tested, so a buy signal would exist.

  • Short DJI slightly under 31421.33, target 29651.24, stop loss @ 31512.07 Details
  • The technical summary data is suggesting a short of DJI as it gets near 31421.33 with a downside target of 29651.24. We should have a stop loss in place at 31512.07though. 31421.33 is the first level of resistance above 30046.6, and by rule, any test of resistance is a short signal. In this case, if resistance 31421.33 is being tested, so a short signal would exist.

Swing Trading Plans for DJI
  • Buy DJI slightly slightly over 30185.71, target 31147.70, Stop Loss @ 30098.53 Details
  • If 30185.71 begins to break higher, the technical summary data tells us to buy DJI just slightly over 30185.71, with an upside target of 31147.70. The data also tells us to set a stop loss @ 30098.53 in case the stock turns against the trade. 30185.71 is the first level of resistance above 30046.6, and by rule, any break above resistance is a buy signal. In this case, 30185.71, 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 DJI slightly near 30185.71, target 29651.24, Stop Loss @ 30272.89. Details
  • The technical summary data is suggesting a short of DJI if it tests 30185.71 with a downside target of 29651.24. We should have a stop loss in place at 30272.89 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, 30185.71, 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 DJI
  • Buy DJI slightly slightly over 30185.71, target 30447.79, Stop Loss @ 30115.29 Details
  • If 30185.71 begins to break higher, the technical summary data tells us to buy DJI just slightly over 30185.71, with an upside target of 30447.79. The data also tells us to set a stop loss @ 30115.29 in case the stock turns against the trade. 30185.71 is the first level of resistance above 30046.6, and by rule, any break above resistance is a buy signal. In this case, 30185.71, 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 DJI slightly near 30185.71, target 29651.24, Stop Loss @ 30256.13. Details
  • The technical summary data is suggesting a short of DJI if it tests 30185.71 with a downside target of 29651.24. We should have a stop loss in place at 30256.13 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, 30185.71, 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.

DJI Ratings for September 22:

Term → Near Mid Long
Rating Weak Weak Weak
P1 0 0 29651.24
P2 30447.79 30185.71 31421.33
P3 30832.11 31147.70 33022.67

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Dow Jones 30 Industrials (NYSE: DJI) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DJI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DJI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DJI too.  All of these are offered below the Summary Table.

Evitar Corte monitors the FOMC for Market Crash signals:

Fundamental Charts for DJI: