Trading Dow Jones 30 Industrials DJI With Integrated Risk Controls

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Source: Stock Traders Daily

Longer Term Trading Plans for DJI
  • Buy DJI over 33711.08 target 35048.00 stop loss @ 33613.72 Details
  • The technical summary data tells us to buy DJI near 33711.08 with an upside target of 35048.00. This data also tells us to set a stop loss @ 33613.72 to protect against excessive loss in case the stock begins to move against the trade. 33711.08 is the first level of support below 34451.2 , and by rule, any test of support is a buy signal. In this case, support 33711.08 would be being tested, so a buy signal would exist.

  • Short DJI under 35048.00, target 33711.08, stop loss @ 35149.22 Details
  • The technical summary data is suggesting a short of DJI as it gets near 35048.00 with a downside target of 33711.08. We should have a stop loss in place at 35149.22though. 35048.00 is the first level of resistance above 34451.2, and by rule, any test of resistance is a short signal. In this case, if resistance 35048.00 is being tested, so a short signal would exist.

Swing Trading Plans for DJI
  • Buy DJI over 34510.39, target 35048.00, Stop Loss @ 34410.72 Details
  • If 34510.39 begins to break higher, the technical summary data tells us to buy DJI just over 34510.39, with an upside target of 35048.00. The data also tells us to set a stop loss @ 34410.72 in case the stock turns against the trade. 34510.39 is the first level of resistance above 34451.2, and by rule, any break above resistance is a buy signal. In this case, 34510.39, 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 34510.39, target 34063.14, Stop Loss @ 34610.06. Details
  • The technical summary data is suggesting a short of DJI if it tests 34510.39 with a downside target of 34063.14. We should have a stop loss in place at 34610.06 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, 34510.39, 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 34510.39, target 34609.72, Stop Loss @ 34429.88 Details
  • If 34510.39 begins to break higher, the technical summary data tells us to buy DJI just over 34510.39, with an upside target of 34609.72. The data also tells us to set a stop loss @ 34429.88 in case the stock turns against the trade. 34510.39 is the first level of resistance above 34451.2, and by rule, any break above resistance is a buy signal. In this case, 34510.39, 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 34510.39, target 34229.16, Stop Loss @ 34590.9. Details
  • The technical summary data is suggesting a short of DJI if it tests 34510.39 with a downside target of 34229.16. We should have a stop loss in place at 34590.9 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, 34510.39, 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 Neutral Neutral Neutral
P1 0 0 33711.08
P2 34229.16 34063.14 35048.00
P3 34609.72 34510.39 36276.54

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Dow Jones 30 Industrials (NYSE: DJI) report below can help you, but we have more details too. The trading plans for DJI, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

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Fundamental Charts for DJI