Dow Jones 30 Industrials DJI Proactive Strategies

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Source: Stock Traders Daily

Longer Term Trading Plans for DJI
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
    This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short DJI under 32212.52, target n/a, stop loss @ 32305.55 Details
  • The technical summary data is suggesting a short of DJI as it gets near 32212.52, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 32305.55. 32212.52 is the first level of resistance above 31392.8, and by rule, any test of resistance is a short signal. In this case, if resistance 32212.52 is being tested, so a short signal would exist.

Swing Trading Plans for DJI
  • Buy DJI over 32149.57, target 32212.52, Stop Loss @ 32056.72 Details
  • If 32149.57 begins to break higher, the technical summary data tells us to buy DJI just over 32149.57, with an upside target of 32212.52. The data also tells us to set a stop loss @ 32056.72 in case the stock turns against the trade. 32149.57 is the first level of resistance above 31392.8, and by rule, any break above resistance is a buy signal. In this case, 32149.57, 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 near 32149.57, target n/a, Stop Loss @ 32242.42. Details
  • The technical summary data is suggesting a short of DJI if it tests 32149.57 with a downside target of n/a. We should have a stop loss in place at 32242.42 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, 32149.57, 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 over 31508.00, target 32149.57, Stop Loss @ 31434.49 Details
  • If 31508.00 begins to break higher, the technical summary data tells us to buy DJI just over 31508.00, with an upside target of 32149.57. The data also tells us to set a stop loss @ 31434.49 in case the stock turns against the trade. 31508.00 is the first level of resistance above 31392.8, and by rule, any break above resistance is a buy signal. In this case, 31508.00, 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 near 31508.00, target n/a, Stop Loss @ 31581.51. Details
  • The technical summary data is suggesting a short of DJI if it tests 31508.00 with a downside target of n/a. We should have a stop loss in place at 31581.51 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, 31508.00, 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 Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Weak Strong Neutral
P1 0 0 32212.52
P2 31508.00 32149.57 33866.68
P3 32279.70 33164.29 35396.36

Don’t over think it!  Trading Dow Jones 30 Industrials (NYSE: DJI) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

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.

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Fundamental Charts for DJI