Market bull goes on pullback watch, sees trouble in homebuilders

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Market bull sees trouble looming in housing (via TradingNation)

, which tracks the group, is up 49% this year. But there may already by rumblings of some trouble. It fell 1.7% on Monday.Emanuel, who's a long-term bull, is also on pullback watch when it comes to the overall market.could drop 6% to the 200-day moving average of 2,875 in the next week or two."What we think you see from the Fed on Wednesday is what we would call a hawkish cut," said Emanuel. "The Fed wants to get away from the markets' expectations of further rate cuts.

Emanuel is urging investors to view potential market weakness as a buying opportunity. He expects the S&P 500 to "easily" surge to 3,250 in the first half of next year, a 7% jump from current levels.

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TradingNation China has played Con Man Trump like a fiddle. Phase one deal is a total scam it has nothing of value to make a difference, Trump is losing the farmers so he needs something bad. So China plays the game because they need food not because they want a deal.

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