Dow Jones 30 Industrials ($DJI) Trading Report

November 11, 2023, 03:15 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DJI

• Buy DJI slightly over 34167.88 target 35178.98 stop loss @ 34069.2 Details

The technical summary data tells us to buy DJI near 34167.88 with an upside target of 35178.98. This data also tells us to set a stop loss @ 34069.2 to protect against excessive loss in case the stock begins to move against the trade. 34167.88 is the first level of support below 34283.1 , and by rule, any test of support is a buy signal. In this case, support 34167.88 is being tested, a buy signal would exist.

• Short DJI slightly under 35178.98, target 34167.88, stop loss @ 35280.58 Details

The technical summary data is suggesting a short of DJI as it gets near 35178.98 with a downside target of 34167.88. We should have a stop loss in place at 35280.58though. 35178.98 is the first level of resistance above 34283.1, and by rule, any test of resistance is a short signal. In this case, if resistance 35178.98 is being tested, a short signal would exist.

Swing Trading Plans for DJI

• Buy DJI slightly over 34647.99, target 35178.98, Stop Loss @ 34547.93 Details

If 34647.99 begins to break higher, the technical summary data tells us to buy DJI just slightly over 34647.99, with an upside target of 35178.98. The data also tells us to set a stop loss @ 34547.93 in case the stock turns against the trade. 34647.99 is the first level of resistance above 34283.1, and by rule, any break above resistance is a buy signal. In this case, 34647.99, 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 34647.99, target 34167.88, Stop Loss @ 34748.05. Details

The technical summary data is suggesting a short of DJI if it tests 34647.99 with a downside target of 34167.88. We should have a stop loss in place at 34748.05 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, 34647.99, 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 over 34647.99, target 35178.98, Stop Loss @ 34567.16 Details

If 34647.99 begins to break higher, the technical summary data tells us to buy DJI just slightly over 34647.99, with an upside target of 35178.98. The data also tells us to set a stop loss @ 34567.16 in case the stock turns against the trade. 34647.99 is the first level of resistance above 34283.1, and by rule, any break above resistance is a buy signal. In this case, 34647.99, 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 34647.99, target 34167.88, Stop Loss @ 34728.82. Details

The technical summary data is suggesting a short of DJI if it tests 34647.99 with a downside target of 34167.88. We should have a stop loss in place at 34728.82 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, 34647.99, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Dow Jones 30 Industrials (DJI) available here: DJI.

DJI Ratings for November 11:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	33070.07
P2	33977.35	34028.41	34167.88
P3	34142.58	34647.99	35178.98

AI Generated Signals for DJI

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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.

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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.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DJI too.  All of these are offered below the Summary Table.