Gap filled on 9/10 and MMM puked. Now see if it can hold 205 area. Below that, 200 comes into play and if that fails, back to the bottom of the range. This one is still a counter trend no touch for me. On the bright side, the 50 day SMA started to hook up indicating intermediate trend may be shifting.

You may need some singles and doubles at lower risk in your portfolio. DLS

DLS....yeah, if you need a middling performance industrial conglomerate value play...then CSL Carlisle CO has even better valuation metrics than 3M

You could google: global gdp growth. Recession can be measured as 2 consecutive quarters of negative gdp growth. A china hard landing is a steep fall in its gdp from the current ~6% levels down to low single digits or even slightly negative. This would most likely currently be powered by a credit dislocation given the high growth in its debt levels over the last 10 years, which is written up in various IMF papers etc.

Robert M. has already answered your specific question, so I'll waffle at a more general level. Risk management is a very personal thing. However, a couple of points do stand out about this piece when it comes to trade exits: 1. For technical traders, the nearby low (minus some points to make room for stop runs) looks pretty clean. When and whether to trail is, again, a very personal decision but most technical traders would want to be protecting profits on the way up. How tight you go will depend upon your holding timeframe and just how the price action develops. 2. Where a fundamental trader would put a stop is even more of a personal decision. I certainly agree with Mr. Morganlander's assessment that any of the three highlighted negative events would likely have an adverse impact on a company such as 3M. But tying any of them to an exit decision is going to be tough simply because you'd want to see how the market and the stock responds at the time - and what the central banks do in response to deteriorating markets. I'm not a fundamental investor, so better-informed folks might disagree, but I would think deciding initially how much you're prepared to risk as a % of the trade amount and then trailing up in line with your comfort zone might be one approach. Tying an exit to very vaguely defined and often lagging macro-indicators looks to me like a recipe for becoming a buy-and-hold investor, whether or not that is the intention underlying the trade. 3. A third approach would be to combine the two methods - enter because you like either or both the fundamentals and the technicals, keep raising your stop to each new major downside technical level (e.g., reaction lows on pull-backs in the uptrend), then exit if your sense of the fundamental or technical tone of the stock turns negative.

I thank you both for these explanations. I would note that my stop for global GDP figures was worldbank.org which did not align with the 3.5% rate beginning my confusion.

Why wasn't this posted sooner?