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Chartology: Is Bull Broken?

Thursday, 17 Mar 2011 | 5:28 PM ET

Was Tuesday’s rally a blip in a new bear market? Or is the bull getting ready to rumble?

Oppenheimer chief market technician Carter Worth breaks it down.

Get all the details. Watch the video now!

Chartology: The Bull Broken?
The charts say the pullback is a normal part of a bull market trend, with Carter Worth, Oppenheimer Asset Management.


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Trader disclosure: On March 17, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders;

finerman's firm is short (iwm); finerman's firm is short (mdy); finerman's firm is short (spy); finerman's firm is short (xrt); finerman's firm is long s&p 500 puts; finerman's firm is long russell 2000 puts; finerman's firm and finerman own (aapl); finerman's firm owns (bac) leaps, finerman owns (bac); finerman's firm and finerman own (cvs); finerman owns (goog); finerman's firm and finerman own (hpq); finerman's firm owns (ibm); finerman's firm owns (jpm) leaps, (jpm); finerman owns (jpm); finerman's firm owns (mcd); finerman's firm and finerman own (msft); finerman's firm is short (spy); finerman's firm owns (tgt); finerman owns (uso); finerman owns (ung); finerman's firm owns (wmt)

terranova owns (vrts); terranova owns (c); terranova owns (gs); terranova owns (pnc); terranova owns (usb); terranova owns (jpm); terranova owns (upl); terranova owns (cree); terranova owns (ms); terranova owns (pbr); terranova owns (bax); terranova owns (teva); terranova owns (ibm); terranova owns (btu); terranova owns (cnx); terranova owns (pot); terranova owns (flx); terranova owns (xom); terranova owns (dis); terranova owns (mcd); terranova owns (cve); terranova owns (cvi); terranova owns (cnq); terranova owns (rsx); terranova owns (su); terranova owns (Fcx)

adami owns (agu); adami owns (btu); adami owns (c); adami owns (gs); adami owns (intc); adami owns (msft); adami owns (nue)

jon najarian owns (aapl), is short (aapl) calls; jon najarian owns (brk.b), is short (brk.b) calls; jon najarian owns (cboe), is short (cboe) calls; jon najarian owns (cme), is short (cme) calls; jon najarian owns (nyx), is short (nyx) calls; jon najarian owns (cnx), is short (cnx) calls; jon najarian owns (crm), is short (crm) calls; jon najarian owns (chs), is short (chs) calls; jon najarian owns (cstr), is short (cstr) calls; jon najarian owns (hk), is short (hk) calls; jon najarian owns (kwk), is short (kwk) calls ; jon najarian owns (mtw), is short (mtw) calls; jon najarian owns (nyx), is short (nyx) calls; jon najarian owns (paas), is short (paas) calls; jon najarian owns (slv), is short (slv) calls; jon najarian owns (wnr), is short (wnr) calls; jon najarian owned (wmt), was short (wmt) on 2/15/11 ; jon najarian owns (jrcc), is short (jrcc) calls

For Brian Kelly
Accounts Managed By Kanundrum Capital own (FXY) puts
Accounts Managed By Kanundrum Capital own (NFLX) puts
Accounts Managed By Kanundrum Capital own (UUP)
Accounts Managed By Kanundrum Capital own (TLT)
Accounts Managed By Kanundrum Capital own U.S. Dollar Index
Accounts Managed By Kanundrum Capital own (GLD)
Accounts Managed By Kanundrum Capital own (SLV)
Accounts Managed By Kanundrum Capital own (VLO)
Accounts Managed By Kanundrum Capital own (EWJ) calls and (EWJ) puts
Accounts Managed By Kanundrum Capital are short (EWJ)
Accounts Managed By Kanundrum Capital are short S&P Futures.
Accounts Managed By Kanundrum Capital are short (IXG)
Accounts Managed By Kanundrum Capital are short (XLF)
Accounts Managed By Kanundrum Capital are short (LOW)
Accounts Managed By Kanundrum Capital are short (EWY)

For Joe Terranova
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (NCRI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (DOM)

For Andy Busch
**No Disclosures

For Carter Worth
**NO DISCLOSURES

For Anthony Scaramucci
SkyBridge Capital Is A Fund Of Funds Manager
Funds Held May Or May Not Own The Recommended Securities

For Len Brecken
Brecken Is Short (NFLX)

SOT Brian Meredith ( 3/17/2011)
**No Disclosures

For Scott Nations
Nations Is Long S&P Implied Volatility



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  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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