Carter Worth CNBC: Bearish Sell Stocks or Short

Carter Worth, Chief Technical Analyst at Oppenheimer came on CNBC this afternoon and told viewers the run is over ( for now ).

Worth says that while the past six weeks looked nice, stocks are way ahead of themselves and its time to sell or even short!

Carter Worth - April 22, 2009

- The stock market has rallied to a point where it will not go higher
- Stocks have rallied to far to fast
- It's time to consider selling or going short
- Indiscriminative Buying in certain parts of the stock market
- Low Quality stocks are up the most
- High Quality stocks are lagging
- Restaurant Stocks & Retail were the hot stocks
- Stocks like JNJ, KO, WMT, PG aren't participating
- People are looking at technical analysis more and more as a way to navigate through these markets.

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