An underperforming corner of the market is about to get worse, trader says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

An underperforming corner of the market is about to get worse, trader says $IWM $SPY (via TradingNation)

here in blue, you're starting to see some hesitation. Each rally that we've seen has been shorter than the prior, momentum indicators are starting to roll over indicating ... buying interest is waning. "

Now, Gordon sees weakness coming to equities, and he's taking advantage of a retreat in one of the worst-performing corners of the market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wobbles in Britain’s housing market may augur something worseIn the past two years London house prices, in real terms, have fallen by a tenth. The rest of the country is following suit What a fantastic reason to move.... It’s all to do with the fact house prices went too high in the first place and now there’s uncertainty. Especially in London where so many people’s livelihoods rely on the economy, people aren’t buying or selling until they know what’s going to happen with Brexit. House prices falling is alright by me.
Source: TheEconomist - 🏆 6. / 92 Read more »

It's not a time to run away from the market, says portfolio managerSarat Sethi, managing partner and portfolio manager at Douglas Lane, and CNBC's michaelsantoli join SquawkCNBC to discuss where the market's heading as earnings season presses on. michaelsantoli SquawkCNBC 👍
Source: CNBC - 🏆 12. / 72 Read more »