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3 Stocks Pulling Down the Dow Jones

As the government shutdown continues and the debt ceiling approaches, these Dow stocks are rolling over

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thumbs downWith the major averages falling through major technical support levels — the 15,000 mark on the Dow Jones Industrial Average and the 50-day moving average on the S&P 500 — and no resolution to the fiscal fight in Washington forthcoming, now’s the time for traders to start looking for opportunities on the short side.

More and more are appearing. Stocks within the S&P 500 are falling out of uptrends at a pace not seen since the market swoons in June and August. Cyclical, economically sensitive stocks are rolling over at a pace not seen since June. Capital is flowing into safe haven assets like precious metals and Treasury bonds.

Here’s a look at three Dow Jones stocks that look ready to slide lower — and pull the rest of the market down with them.

Article printed from InvestorPlace Media,

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