Dow Jones 30 Industrials DJI Investment Report

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Source: Stock Traders Daily

Longer Term Trading Plans for DJI
  • Buy DJI over 32019.80 target 33700.11 stop loss @ 31927.33 Details
  • The technical summary data tells us to buy DJI near 32019.80 with an upside target of 33700.11. This data also tells us to set a stop loss @ 31927.33 to protect against excessive loss in case the stock begins to move against the trade. 32019.80 is the first level of support below 32726.8 , and by rule, any test of support is a buy signal. In this case, support 32019.80 is being tested, a buy signal would exist.

  • Short DJI under 33700.11, target 32019.80, stop loss @ 33797.44 Details
  • The technical summary data is suggesting a short of DJI as it gets near 33700.11 with a downside target of 32019.80. We should have a stop loss in place at 33797.44though. 33700.11 is the first level of resistance above 32726.8, and by rule, any test of resistance is a short signal. In this case, if resistance 33700.11 is being tested, a short signal would exist.

Swing Trading Plans for DJI
  • Buy DJI 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 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 32726.8, 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 near n/a, target n/a, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of DJI if it tests n/a with a downside target of n/a. 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 over 32851.82, target 33153.28, Stop Loss @ 32775.18 Details
  • If 32851.82 begins to break higher, the technical summary data tells us to buy DJI just over 32851.82, with an upside target of 33153.28. The data also tells us to set a stop loss @ 32775.18 in case the stock turns against the trade. 32851.82 is the first level of resistance above 32726.8, and by rule, any break above resistance is a buy signal. In this case, 32851.82, 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 32851.82, target 32675.96, Stop Loss @ 32928.46. Details
  • The technical summary data is suggesting a short of DJI if it tests 32851.82 with a downside target of 32675.96. We should have a stop loss in place at 32928.46 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, 32851.82, 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 August 05:

Term → Near Mid Long
Rating Neutral Strong Weak
P1 0 0 30292.71
P2 32595.02 32675.96 32019.80
P3 32851.82 33153.28 33700.11

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Dow Jones 30 Industrials (NYSE: DJI) while incorporating prudent risk controls.

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: