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Last week's big losers. ExxonMobil was the biggest Dow loser two weeks ago, after shedding 1.97% of its value. This week the oil and gas company rose 1.01%, while fellow Dow energy play Chevron (NYSE:CVX) was the index's second biggest decliner, losing 2.68%.
The Dow industrials broke down from a right triangle, falling below the September low of 17,994 and several connecting points. But it fell on average volume, and breadth at a mere 3.2-to-1 is not high for a major breakdown.