CNBC's "Fast Money"
CNBC Pro Talks: How Carter Worth knows when it’s time to sell 10/22/24
Oct 25, 2024
Carter Braxton Worth, founder and CEO of Worth Charting LLC, shares insights from his 35 years on Wall Street. He discusses how he employs technical analysis to identify overbought stocks and potential market upswings. Carter recounts his journey from fundamental to price analysis, emphasizing the significance of mentorship in shaping his career. He highlights the importance of trading volume in understanding market behaviors and decodes how chart patterns can reveal historical trends, guiding investors in their decisions.
17:47
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Quick takeaways
- Carter Worth highlights the significance of volume as a critical metric in technical analysis, emphasizing its predictive capabilities regarding stock price movements.
- The podcast contrasts technical and fundamental analysis approaches, showcasing how technicians often reach similar conclusions based on market behaviors rather than relying solely on data interpretations.
Deep dives
Carter Worth's Journey into Technical Analysis
Carter Worth's entrance into technical analysis came from a blend of chance and personal limitations, acknowledging that he lacked natural talent in other fields. Initially starting as an analyst at ValueLine, he encountered the value of deep financial analysis but soon became frustrated with the unpredictable nature of earnings predictions. A pivotal transition occurred when he joined Donaldson, Lufkin & Jenrette, where he began to appreciate the importance of price over traditional fundamentals. Inspired by the seasoned technician Vincent Boning, Worth immersed himself in charting, which ultimately shaped his career path towards technical analysis.
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