Carter Worth - Cornerstone Macro


Last quote by Carter Worth

Even as the top five stocks have gone up, their basic relative performance to the market has been down, and that has been the problem with FANG. But [Facebook] in particular looks as if it's going to come to
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Oct 16 2017 Facebook
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: “Facebook is in a well-defined ascending wedge, and the presumption is after having bounced perfectly three times off the rising trend line, you're in a position to get a breakout. So I like Facebook here. It is just below its July 27 high. I'm going to make the bet that it will in fact exceed that high.” in the article The charts are pointing to a big breakout for one FANG stock, technical analyst says.
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Carter Worth quotes

Aug 07 2017

We have made no progress as the market has made a lot of progress. That is either the opportunity or the trap. I think, for the first time in months, it is an opportunity and I want to be long financials for the first time all

Jul 17 2017

I think it's the beginning of something ... the bet is that you're going to pop. I think you've got a good bet here for the first time in a long time to make some money on the long side of [energy].feedback

Jul 17 2017

But now if you draw trends, what we know is that it is right up against the trend line, and my thinking here now is that for the first time in exactly seven months, we're going to poke up above the

Jul 10 2017

[I think] that we get back to the 150-day moving average, which would imply another sort of 5 percent. [A drop like that] would represent a peak to trough decline of about 10

Jul 10 2017

What history does tell us often is that if you do overshoot the top, you often will check back. What's happening is the check-back is underway. We're down some 5 percent from the peak, but we're not quite back to the channel here ... so I think there's another 3 to 5 percent to

Jul 03 2017 - Starbucks

I want to make the bet that Starbucks, after selling off 10 percent, is going to come to life. I'm a

Jun 26 2017

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

Jun 26 2017

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

Jun 19 2017 - Tesla

Tesla is the number one performing stock bar none. I think you take profits, or if you've got a little courage, you go

Jun 12 2017

We know that over time, small caps outperform large caps. That's because new innovative things outperform big, clunky things like IBM and Procter &

Jun 12 2017

Here is the tight range of the Russell 2000, and it's about 6 months in the making. It's only happened one other time in the history of the index … and the last time it was resolved by a huge explosion on the upside. I think that you've got a better bet [in small caps] than you do in some of the very extended super-cap names, and I think you want to be along IWM. … I'd rather be here than [in the] S&

Jun 06 2017

If you look at the long-term chart and the lows of 2009 and the peaks of 2000 and 2007 and do a measured move off those tops of $1,575 really it starts to imply not much more than 2,480. All year long has it been right to offensive or defensive? Offensive is buying cyclicality and yet cyclicality is underperforming: financials, industrials, energy. What's performing is defensive, which is

Jun 05 2017 - Amgen

What we know about biotech is it was the leading single place you could be from 2011 to 2015. This is arguably the single best-performing equity over the past 30 years. It's ready to go again, having rested for two or three years. To my eye we are going to explode out to the

Jun 05 2017 - Amgen

I think big gains … and a setup for a powerful advance from the No. 1 stock

May 15 2017

All you can do this week is get right back to the scene of the crime. It's not random, and it's stuck. The question is, is this some great opportunity? It's just a rebound in an ongoing

May 15 2017

The question is, did anything really change? Is crude just like every other time over the past year, just rebounding after a big sell-off? I really do think that's what it is. [It's a] disaster. We know the [energy] sector over the last 5 years bounced off the low, it's a big move up, and the reality is it's making new 13-year lows [relative] to the market. It is a well-defined trend [downward] … I want to be underweight energy. I want to be short

May 01 2017 - Facebook

If I had to pick between Apple and Facebook, I'm going Facebook. Stick with the bullish bet on

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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