Tech stocks haven't done this since 2005, and it could mean trouble, traders warn

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Tech stocks haven't done this since 2005, and it could mean trouble, traders warn $XLK (via TradingNation)

, are already feeling the pain. The IGV has been stuck in a trading range in recent months, falling nearly 5% since late July.

And, with tech so drastically outperforming the market's other sectors — beating the next-best performer, the, by more than 10% — it's in a risky position heading into year-end, the technician said. Gina Sanchez, founder and CEO of Chantico Global, agreed, adding that "the big macro trends are definitely working against tech" in the same "Trading Nation" interview Tuesday.

 

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