On CNBC's "Futures Outlook," Jeff Kilburg said he is looking for a short-term pullback in the Russell 2000 index because it has significantly outperformed the S&P 500 in the last six months.
He wants to be a seller of the March contract at 2,300 and he is looking for a dip down to 2,150. The long-term trend is higher so Kilburg wants to be mindful and place a stop loss at 2,350. At these prices, he is risking $250 to make $750.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in