Dow Jones 30 Industrials DJI Technical Pivots with Risk Controls

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Source: Stock Traders Daily

Longer Term Trading Plans for DJI
  • Buy DJI over 30795.43 target 32569.00 stop loss @ 30706.49 Details
  • The technical summary data tells us to buy DJI near 30795.43 with an upside target of 32569.00. This data also tells us to set a stop loss @ 30706.49 to protect against excessive loss in case the stock begins to move against the trade. 30795.43 is the first level of support below 30981.3 , and by rule, any test of support is a buy signal. In this case, support 30795.43 would be being tested, so a buy signal would exist.

  • Short DJI under 32569.00, target 30795.43, stop loss @ 32663.06 Details
  • The technical summary data is suggesting a short of DJI as it gets near 32569.00 with a downside target of 30795.43. We should have a stop loss in place at 32663.06though. 32569.00 is the first level of resistance above 30981.3, and by rule, any test of resistance is a short signal. In this case, if resistance 32569.00 is being tested, so a short signal would exist.

Swing Trading Plans for DJI
  • Buy DJI over 31429.15, target 32569.00, Stop Loss @ 31338.38 Details
  • If 31429.15 begins to break higher, the technical summary data tells us to buy DJI just over 31429.15, with an upside target of 32569.00. The data also tells us to set a stop loss @ 31338.38 in case the stock turns against the trade. 31429.15 is the first level of resistance above 30981.3, and by rule, any break above resistance is a buy signal. In this case, 31429.15, 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 31429.15, target 30795.43, Stop Loss @ 31519.92. Details
  • The technical summary data is suggesting a short of DJI if it tests 31429.15 with a downside target of 30795.43. We should have a stop loss in place at 31519.92 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, 31429.15, 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 31158.71, target 31429.15, Stop Loss @ 31086.02 Details
  • If 31158.71 begins to break higher, the technical summary data tells us to buy DJI just over 31158.71, with an upside target of 31429.15. The data also tells us to set a stop loss @ 31086.02 in case the stock turns against the trade. 31158.71 is the first level of resistance above 30981.3, and by rule, any break above resistance is a buy signal. In this case, 31158.71, 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 31158.71, target 30795.43, Stop Loss @ 31231.4. Details
  • The technical summary data is suggesting a short of DJI if it tests 31158.71 with a downside target of 30795.43. We should have a stop loss in place at 31231.4 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, 31158.71, 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 13:

Term → Near Mid Long
Rating Neutral Neutral Neutral
P1 0 0 30795.43
P2 31158.71 30758.02 32569.00
P3 31493.32 31429.15 34285.47

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The technical pivots for Dow Jones 30 Industrials (NYSE: DJI) help you determine how to trade, when to buy, when to sell, and how to control risk.

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: