Dow Jones 30 Industrials DJI Trading Report

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Source: Stock Traders Daily

Longer Term Trading Plans for DJI
  • Buy DJI over 30390.23 target 32135.63 stop loss @ 30302.46 Details
  • The technical summary data tells us to buy DJI near 30390.23 with an upside target of 32135.63. This data also tells us to set a stop loss @ 30302.46 to protect against excessive loss in case the stock begins to move against the trade. 30390.23 is the first level of support below 31990 , and by rule, any test of support is a buy signal. In this case, support 30390.23 would be being tested, so a buy signal would exist.

  • Short DJI under 32135.63, target 30390.23, stop loss @ 32228.44 Details
  • The technical summary data is suggesting a short of DJI as it gets near 32135.63 with a downside target of 30390.23. We should have a stop loss in place at 32228.44though. 32135.63 is the first level of resistance above 31990, and by rule, any test of resistance is a short signal. In this case, if resistance 32135.63 is being tested, so a short signal would exist.

Swing Trading Plans for DJI
  • Buy DJI over 32135.63, target 32312.80, Stop Loss @ 32042.82 Details
  • If 32135.63 begins to break higher, the technical summary data tells us to buy DJI just over 32135.63, with an upside target of 32312.80. The data also tells us to set a stop loss @ 32042.82 in case the stock turns against the trade. 32135.63 is the first level of resistance above 31990, and by rule, any break above resistance is a buy signal. In this case, 32135.63, 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 32135.63, target 31534.66, Stop Loss @ 32228.44. Details
  • The technical summary data is suggesting a short of DJI if it tests 32135.63 with a downside target of 31534.66. We should have a stop loss in place at 32228.44 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, 32135.63, 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 32135.63, target 32147.42, Stop Loss @ 32060.66 Details
  • If 32135.63 begins to break higher, the technical summary data tells us to buy DJI just over 32135.63, with an upside target of 32147.42. The data also tells us to set a stop loss @ 32060.66 in case the stock turns against the trade. 32135.63 is the first level of resistance above 31990, and by rule, any break above resistance is a buy signal. In this case, 32135.63, 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 32135.63, target 31886.98, Stop Loss @ 32210.6. Details
  • The technical summary data is suggesting a short of DJI if it tests 32135.63 with a downside target of 31886.98. We should have a stop loss in place at 32210.6 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, 32135.63, 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 July 26:

Term → Near Mid Long
Rating Strong Neutral Weak
P1 0 0 30390.23
P2 31886.98 31534.66 32135.63
P3 32147.42 32312.80 33841.00

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Technically, Dow Jones 30 Industrials (NYSE: DJI) provides opportunities for traders who are watching the price of the stock oscillate over time.

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.

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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: