Trading Dow Jones 30 Industrials DJI With Integrated Risk Controls

Longer Term Trading Plans for DJI
  • Buy DJI slightly slightly over 32088.30 target n/a stop loss @ 31995.63. Details
  • The technical summary data tells us to buy DJI near 32088.30, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 31995.63 to protect against excessive loss in case the stock begins to move against the trade. 32088.30 is the first level of support below 32861.8, and by rule, any test of support is a buy signal. In this case, if support 32088.30 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for DJI
  • Buy DJI slightly slightly over n/a, target n/a, Stop Loss @ 0 Details
  • If n/a begins to break higher, the technical summary data tells us to buy DJI just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 32861.8, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 n/a, target 32834.82, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of DJI if it tests n/a with a downside target of 32834.82. We should have a stop loss in place at 0 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, n/a, 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 32868.46, target n/a, Stop Loss @ 32791.78 Details
  • If 32868.46 begins to break higher, the technical summary data tells us to buy DJI just slightly over 32868.46, with an upside target of n/a. The data also tells us to set a stop loss @ 32791.78 in case the stock turns against the trade. 32868.46 is the first level of resistance above 32861.8, and by rule, any break above resistance is a buy signal. In this case, 32868.46, 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 32868.46, target 32834.82, Stop Loss @ 32945.14. Details
  • The technical summary data is suggesting a short of DJI if it tests 32868.46 with a downside target of 32834.82. We should have a stop loss in place at 32945.14 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, 32868.46, 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 October 31:

Term → Near Mid Long
Rating Strong Strong Weak
P1 0 0 28610.82
P2 32568.14 32234.85 30433.01
P3 32868.46 32834.82 32088.30

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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:

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