FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
FULL SHOWSMissed an episode of Fast Money? Watch the lastest show here.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
Will the bullish momentum in stocks continue or is it a head fake into the next leg down? It’s the question at the forefront of every investment decision being made right now.
And considering there are so many variables including a potentially lethal jobs number out Friday it’s a touchy question to tackle.
We thought now would be a good time to turn to the charts and get the latest insights from one of the top technical analysts out there – Oppenheimer’s Carter Worth.
| ||
Worth tells us he’s closely watching the 150-day moving average on the S&P which he calls the smoothing mechanism. “When the smoothing mechanism flattens by definition the market will be in the throws of a bearish to bullish reversal.”
And he thinks this one technical indicator could speak volumes to investors. “In fact of the last 11 bear markets of the post-War period if you just waited for that alone you would have been at or near the lows when you committed capital.”
So now the trillion dollar question. When will the 150-day moving average flatten on the S&P?
According to Worth, not long from now. Looking at patterns he concludes, “the moving average should go flat in the next 3-4 weeks. “
In other words the S&P could begin a bearish to bullish reversal as soon as early May!
And in case you’re wondering Worth is also seeing this same kind of pattern in stocks – that is a bearish to bullish reversal pattern.
Those patterns seem prominent in the charts of NVDIA [NVDA
Loading...
()
], Qwest [Q
Loading...
()
], and First Horizon [FHN
Loading...
()
] – “all different business but the principle is the same. The smoothing mechanism is ultimately flattening and the stocks are bottoming.”
You can see our entire interview with Carter Worth in the video above.
- Your First Move For Wednesday November 25th
- Web Extra: Seymour's M&A Play
- Pops & Drops: American Eagle, Green Mountain Coffee...
- Giving Thanks: Najarian
- Take Your Position: Cyber Monday
- Rick's Turkey: Fed Transparency
- Under The Radar Trades
- Our Best Black Friday Trades
- GDP Drags Stocks Lower
- Halftime Report: Is Oil Heading To $96?
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to .
Trader disclosure: On Apr 2nd, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (WFC), (AAPL), (GE), (GS), (MOS), (WMT); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Kinahan Owns (AA), (BAC), (C), (MSFT), (YHOO); Finerman's Firm Is Short (IJR), (MDY), (SPY), (USO), (IWM), (BAC), (BBT), (WFC); Finerman's Firm Owns (MSFT), (PBR), (RIG), (AXYS), (SRS); Finerman's Firm Owns (WFC) Preferred, (BAC) Preferred, (BAC) Preferred
Data is a real-time snapshot *Data is delayed at least 15 minutes