Don't Ignore This Chart

Defense Index Breaks Support on Sequestration Fears

The DJ US Defense Index ($DJUSDN) was hit hard the last three days and broke below the January lows. This index is now down for the year, which means it is underperforming the broader market. The indicator window shows the Percent Price Oscillator (PPO) turning lower, but remaining in positive territory for now. A move into negative territory would turn momentum bearish. Click here to see the stocks in this index.

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