3M stocks are moving steadily alongside a downtrend. The stock lost 66% from its historical peak at $259. One should think, there is no further room for the stock to go down. But there is, as its prices dived below the support at $90 per share, and are traded at $89. This dive opens a path towards the $55 target. The economic background is rather negative. U.S. debt yields are at multi-decades records and continue climbing. Fed’s officials are not rushing to send some positive signals to support stocks. So, a short trade of rather weak stocks that heavily depend on external economic conditions seem to be a good idea to me. I plan to open a short trade at $90 with a target at $55, and a stop-loss at $110. It case prices would reverse and we will have a weekly close above $90 the trade will be closed.