Carter Worth - Cornerstone Macro


Last quote by Carter Worth

What you know is it has busted out, and the angle is so steep. Often times when you do that, you will actually fall back from the point in which you broke
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Jun 26 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Carter Worth is associated, including CCL and Google. Most recently, Carter Worth has been quoted saying: “What I'm thinking at this point is 3M has gone a little too far … If you're long 3M, I would take profits, do something. If you're a short seller, I'd go after this one.” in the article This ‘classic’ Dow stock has come too far, too fast: Technician.
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Carter Worth quotes

Apr 24 2017

I think you get a break here … I'm looking for a move to these lows at $

Apr 24 2017

[The] Consumer Discretionary [sector] has been underperforming [the overall market] for the last year, and autos within the Consumer Discretionary are a real mess. He added that the autos are the single worst area to be invested in in the consumer space. We have essentially moved back to the 2000 peak, and now we've started to roll [lower], and that's not a good setup. As the index has gone up … relative performance [to the S&P 500] is poor. As we've gone higher, you've actually been making new five-year relative lows to the market. It's really bad. Sell [it].feedback

Apr 10 2017

[The] financials outperformance peaked in December. It doesn't look like it's going to get any better [for the financials] ... it's just a bad place to

Apr 03 2017 - Facebook

FANG, plotted equal weight, broke out to a new high, and yet they have not made a new relative high since November. They have underperformed the market for 5 months straight. [But] the day-to-day [moves] are quite steep, so I'm making the bet that you're coming off [of the top]. I want to fade this. … Sell

Apr 03 2017 - Facebook

It's a popular stock, it's a super cap name, and it's come a long

Mar 06 2017

[My bet is] that we're going to move lower

Feb 13 2017

We've broken above the downtrend ... and then we've reasserted ourselves again. Freeport has rallied nearly 200 percent in the past 12

Jan 09 2017

There's a phenomenon where people don't spend on things but rather on experience. Here's the best part. When it was [trading at $58.98] in 2005, it had a PE of 25. Now it has a PE of 15. I think it's a way to play the consumer. It acts right relative. It has the long-term opportunity of having being an underperformer. We would be a buyer of

Jan 03 2017

This spread has only happened two other times since 1990, and usually it's quite right to bet for convergence. I think you want to be contrarian here and buy health

Nov 21 2016

That's exactly $14.50 – $14.50 is half of $29. So that is a 50 percent retracement. It's not random that it stopped exactly there and bounced

Nov 21 2016

I'm going to make the bet that the bounce is going to continue. I'm going to be long

Nov 21 2016

To me, this looks like [Apple is] going to move

Oct 24 2016

It means that after all this steepness, we're not actually still making relative highs on the market on a one-year

Oct 21 2016 - Microsoft

Typically after a move like this, you get follow-through, Closing

Oct 17 2016

If the market is in trouble, even as bad as [utilities stocks] have been, they're likely to offer alpha and

Sep 26 2016

That's where the future is. [Drilling wells are] where people make 18-month decisions or two-year

Sep 12 2016

Home Depot is so far above other consumer discretionaries. You have long-term outperformance, and now more recent underperformance. Not a good

Sep 12 2016

You have a stock that attempted to make new highs and yet [is now] underperforming

Jul 23 2016

So you could draw your lines anyway you want. You have a break in trend, and I don't think this is quite finished

Jul 23 2016

I think we're going lower, and crude looks to my eyes like it's heading back to $

Jul 23 2016

Well, guess what happens this time? We're having literally a perfect

Jun 27 2016

We had what would be called an outside reversal day where the high and the low were higher and lower than the proceeding day, and then we close poorly. That is often the beginning of something, a negative on a day-to-day, week-to-week

Jun 20 2016 - Microsoft

In a world where things are bought and sold and rotation is the issue, not so much valuation, this is a little bit of a spread that maybe suggests Facebook is going to go the way of Microsoft and

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