Dow Jones 30 Industrials DJI Trading Report

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Source: Stock Traders Daily

Longer Term Trading Plans for DJI
  • Buy DJI over 31683.75 target 33267.76 stop loss @ 31592.25 Details
  • The technical summary data tells us to buy DJI near 31683.75 with an upside target of 33267.76. This data also tells us to set a stop loss @ 31592.25 to protect against excessive loss in case the stock begins to move against the trade. 31683.75 is the first level of support below 32381.3 , and by rule, any test of support is a buy signal. In this case, support 31683.75 is being tested, a buy signal would exist.

  • Short DJI under 33267.76, target 31683.75, stop loss @ 33363.84 Details
  • The technical summary data is suggesting a short of DJI as it gets near 33267.76 with a downside target of 31683.75. We should have a stop loss in place at 33363.84though. 33267.76 is the first level of resistance above 32381.3, and by rule, any test of resistance is a short signal. In this case, if resistance 33267.76 is being tested, a short signal would exist.

Swing Trading Plans for DJI
  • Buy DJI over 33267.76, target n/a, Stop Loss @ 33171.68 Details
  • If 33267.76 begins to break higher, the technical summary data tells us to buy DJI just over 33267.76, with an upside target of n/a. The data also tells us to set a stop loss @ 33171.68 in case the stock turns against the trade. 33267.76 is the first level of resistance above 32381.3, and by rule, any break above resistance is a buy signal. In this case, 33267.76, 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 33267.76, target 32087.77, Stop Loss @ 33363.84. Details
  • The technical summary data is suggesting a short of DJI if it tests 33267.76 with a downside target of 32087.77. We should have a stop loss in place at 33363.84 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, 33267.76, 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 32618.35, target 33267.76, Stop Loss @ 32542.25 Details
  • If 32618.35 begins to break higher, the technical summary data tells us to buy DJI just over 32618.35, with an upside target of 33267.76. The data also tells us to set a stop loss @ 32542.25 in case the stock turns against the trade. 32618.35 is the first level of resistance above 32381.3, and by rule, any break above resistance is a buy signal. In this case, 32618.35, 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 32618.35, target 32335.73, Stop Loss @ 32694.45. Details
  • The technical summary data is suggesting a short of DJI if it tests 32618.35 with a downside target of 32335.73. We should have a stop loss in place at 32694.45 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, 32618.35, 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 12:

Term → Near Mid Long
Rating Strong Weak Weak
P1 0 0 29905.74
P2 32335.73 30986.42 31683.75
P3 32618.35 32087.77 33267.76

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Trading or Investing in Dow Jones 30 Industrials (NYSE: DJI) involves an observation of the technicals, every time.  This data reveals the current technicals.

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.

Evitar Corte monitors the FOMC for Market Crash signals:

Fundamental Charts for DJI: