Investors are struggling to figure out what’s next for stocks. Oppenheimer’s Carter Worth reveals what his charts suggest.
If you watch Fast Money regularly you know that Carter Worth has been somewhat bullish on this market. Well, hold you hats because he's changing his call.
Now, Worth tells us not to expect too much from this market over the next few weeks. He's grown cautious. “It’s time to get off this ride,” Worth says during the Fast Money Final Call. “Stocks have come too far too fast.”
According to Worth, the preceding plunge in the S&P that we experienced in February and March has now been offset by the recovery of late March and April. That leaves the market at a place where it should stop and just go dead.