This afternoon, most of the leading farming and mining equipment stocks are declining lower on the session. All of the leading stocks in the sector remain very week at this time. Tractor Supply Co (NASDAQ:TSCO) is leading the declines for the industry group today. TSCO stock is trading lower by $3.80 to $79.81 a share. Short term traders should watch for intra-day support around the $77.40, and $73.00 levels.
Some of the other leading stocks in the sector that are declining lower today include Caterpillar Inc (NYSE:CAT), Joy Global Inc (NYSE:JOY), and Deere & Co (NYSE:DE). All of these stocks except Deere & Co look very weak on the daily charts by trading below the 50, and 200 moving averages. This sector remains vulnerable to further declines at this time.